Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC−0.021%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$770.766% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.021%, 7d avg +0.005%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.026% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SYRUP_USDT	0.2211	0.0100	pay 0.0050% / 4h	0m 20s	$2.8M	$426K	100x
Short	Binance SYRUPUSDT	0.2211	0.0100	get 0.0050% / 4h	0m 20s	$9.0M	$7.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BinancebpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → +0.005%: −$2.55
Slippage, 4 orders: −$58.59
Fee MEXC: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$79.14
Costs to cover: 0.766%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Binance: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 2 min ago	6.79 bp	12.5 bp −$13	61.9 bp −$619	308.0 bp −$30.8K	doesn't fit
Sell Binance live order book, 9 min ago	1.13 bp	30.3 bp −$30	101.7 bp −$1,017	doesn't fit	doesn't fit

SYRUP on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SYRUPUSD	−0.0805%	1h	0.2210	−0.025%	$40K	$22K	10x	as long as short
BloFin SYRUP-USDT	+0.0067%	4h	0.2207	−0.194%	$317K	$128K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2213	+0.104%	$204K	$219K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2211	+0.006%	$14K	$69K	10x	as long as short
Binance SYRUPUSDTshort	+0.0100%	4h	0.2211	−0.021%	$9.0M	$7.3M	25x
Bybit SYRUPUSDT	+0.0100%	4h	0.2213	+0.100%	$2.1M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2209	−0.090%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2213	+0.086%	$408K	$70K	25x	as long as short
MEXC SYRUP_USDTlong	+0.0100%	4h	0.2211	long leg	$2.8M	$426K	100x
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2215	+0.181%	$1.9M	$151K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDT	+0.0100%	4h	0.2213	+0.090%	$698K	$508K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2210	−0.063%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2212	+0.030%	$158K	$27K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2210	−0.028%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0187%	1h	0.2215	+0.194%	$5.5M	$1.9M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0328% / S −0.1447%	1h	0.2211	−0.003%	$3K	—	50x	as long as short