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% APRpaid last 24h 0.000%

Price spread now: Gate against MEXC+0.100%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$405as in the Funding arb table

Net, price: spread back to 7d avg − costs−$399as in the Price arb table

costs, in and out, $10k−$4074.067% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.100%, 7d avg +0.027%

Together, before fees+0.007%+$1 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: Gate is 0.073% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SYRUP_USDT	0.2205	0.0100	pay 0.0050% / 4h	3h 12m	$2.8M	$425K	100x
Short	Gate SYRUP_USDT	0.2207	0.0100	get 0.0100% / 8h	3h 12m	$406K	$65K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → +0.027%: $7.3
Slippage, 4 orders: −$383.67
Fee MEXC: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$399.38
Costs to cover: 4.067%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Gate: live order book, 38 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, 5 min ago	4.53 bp	13.2 bp −$13	66.5 bp −$665	305.3 bp −$30.5K	doesn't fit
Sell Gate live order book, 38 min ago	21.65 bp	161.0 bp −$161	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	0.2206	+0.051%	$39K	$23K	10x	as long as short
BloFin SYRUP-USDT	+0.0076%	4h	0.2200	−0.240%	$422K	$127K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2209	+0.168%	$204K	$218K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2208	+0.128%	$14K	$68K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2206	+0.032%	$9.0M	$7.5M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2209	+0.168%	$2.2M	$2.2M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2205	0.000%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDTshort	+0.0100%	8h	0.2207	+0.100%	$406K	$65K	25x
MEXC SYRUP_USDTlong	+0.0100%	4h	0.2205	long leg	$2.8M	$425K	100x
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2213	+0.385%	$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	0.2207	+0.091%	$705K	$505K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2208	+0.136%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2208	+0.132%	$158K	$26K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2206	+0.030%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0242%	1h	0.2211	+0.254%	$5.4M	$1.9M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0314% / S −0.1301%	1h	0.2205	+0.020%	$2K	—	50x	as long as short