Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC−0.018%7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$690.692% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 7 days+0.100%+$10 · spread now −0.018%, 7d avg +0.050%

Together, before fees+0.116%+$12 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: BingX is 0.068% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SYRUP_USDT	0.2200	0.0100	pay 0.0050% / 4h	3h 08m	$2.8M	$425K	100x
Short	BingX SYRUP-USDT	0.2200	0.0100	get 0.0050% / 4h	3h 08m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → +0.050%: −$6.79
Slippage, 4 orders: −$51.15
Fee MEXC: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$75.95
Costs to cover: 0.692%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; BingX: live order book, 13 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, 4 min ago	2.27 bp	9.2 bp −$9	67.2 bp −$672	265.8 bp −$26.6K	doesn't fit
Sell BingX live order book, 13 min ago	5.00 bp	26.7 bp −$27	79.0 bp −$790	557.0 bp −$55.7K	1166.5 bp −$583.2K

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	−0.0049%	1h	0.2200	+0.004%	$39K	$23K	10x	as long as short
BloFin SYRUP-USDT	+0.0083%	4h	0.2200	+0.023%	$421K	$127K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2204	+0.177%	$204K	$218K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2202	+0.092%	$14K	$68K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2200	−0.018%	$8.9M	$7.5M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2202	+0.109%	$2.2M	$2.2M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2200	0.000%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2199	−0.059%	$405K	$65K	25x	as long as short
MEXC SYRUP_USDTlong	+0.0100%	4h	0.2200	long leg	$2.8M	$425K	100x
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2208	+0.341%	$1.8M	$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	0.2203	+0.136%	$703K	$505K	20x	as long as short
BingX SYRUP-USDTshort	+0.0100%	4h	0.2200	−0.018%	—	$6.5M	—
Variational Omni SYRUP	+0.0100%	4h	0.2206	+0.277%	$158K	$26K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2200	−0.006%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0258%	1h	0.2205	+0.236%	$5.4M	$1.9M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0314% / S −0.1301%	1h	0.2201	+0.030%	$2K	—	50x	as long as short