Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1347%/8h= +147.5% APRpaid last 24h +0.460%

Price spread now: GMX against MEXC+0.090%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and GMX is 0.090% dearer against MEXC than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SYRUP_USDT	0.2250	0.0100	pay 0.0050% / 4h	2h 23m	$2.9M	$425K	100x
Short	GMX SYRUP/USD [ETH-USDC]	0.2252	L +0.0329% / S −0.1447%	get 0.0181% / 1h	23m 08s	$3K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.090%Rate

Funding earned: $282.92
Price spread: +0.090% → 0.000%: $8.98
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $271.9
Costs to cover: 0.200%
Break-even: 0.3 days

Slippage unknown: MEXC: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.

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	4.44 bp	10.3 bp −$10	60.5 bp −$605	258.8 bp −$25.9K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SYRUP on 15 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
Lighter SYRUP	+0.0096%	1h	0.2256	+0.276%	$208K	$218K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2253	+0.129%	$14K	$65K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2252	+0.079%	$9.3M	$6.9M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2252	+0.084%	$2.2M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2252	+0.089%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2252	+0.071%	$418K	$67K	25x	as long as short
MEXC SYRUP_USDTlong	+0.0100%	4h	0.2250	long leg	$2.9M	$425K	100x
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2263	+0.556%	$2.0M	$115K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2252	+0.089%	$653K	$453K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2252	+0.098%	—	$6.5M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SYRUP	+0.0100%	4h	0.2255	+0.223%	$162K	$37K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2252	+0.084%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]short	L +0.0329% / S −0.1447%	1h	0.2252	+0.090%	$3K	—	50x
Hyperliquid SYRUP	+0.0394%	1h	0.2255	+0.242%	$5.6M	$1.8M	3x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1021%	1h	0.2250	+0.014%	$41K	$25K	10x	as long as short