SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.23 per $10,000 · paid last 24h −0.003%

Price spread now: BloFin against MEXC−0.059%94s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$610.605% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.059%, 7d avg −0.010%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.049% cheaper against MEXC than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.010%). If the spread goes back, that is −$5 on $10k: about 3.5 days of funding at the current rate (+$1 a day). The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SYRUP_USDT	0.2201	0.0100	pay 0.0050% / 4h	2h 59m	$2.8M	$422K	100x
Short	BloFin SYRUP-USDT	0.2200	0.0147	get 0.0073% / 4h	2h 59m	$421K	$127K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.059%Rate

Funding earned: $9.81
Price spread: −0.059% → −0.010%: −$4.89
Slippage, 4 orders: −$40.5
Fee MEXC: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$55.59
Costs to cover: 0.605%
Break-even: 46.7 days

Slippage from MEXC: live order book, 2 min ago; BloFin: live order book, 31 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	4.54 bp	10.5 bp −$10	65.8 bp −$658	303.6 bp −$30.4K	doesn't fit
Sell BloFin live order book, 31 min ago	0.45 bp	28.0 bp −$28	doesn't fit	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	−0.0049%	1h	0.2203	+0.071%	$39K	$23K	10x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2203	+0.114%	$205K	$219K	5x	as long as short
Hyperliquid SYRUP	+0.0100%	1h	0.2205	+0.204%	$5.4M	$1.9M	3x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2202	+0.068%	$14K	$68K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2200	−0.048%	$8.9M	$7.5M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2202	+0.041%	$2.2M	$2.2M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2200	−0.045%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2200	−0.041%	$405K	$64K	25x	as long as short
MEXC SYRUP_USDTlong	+0.0100%	4h	0.2201	long leg	$2.8M	$422K	100x
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2204	+0.127%	$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	0.2202	+0.045%	$697K	$508K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2201	+0.009%	—	$6.6M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2202	+0.037%	$157K	$27K	—	as long as short
BloFin SYRUP-USDTshort	+0.0147%	4h	0.2200	−0.059%	$421K	$127K	50x
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2200	−0.028%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0314% / S −0.1301%	1h	0.2200	−0.030%	$2K	—	50x	as long as short