Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+1.3669%/8h= +1496.7% APRpaid last 24h +0.489%

Price spread now: Kraken Futures against MEXC−0.208%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Kraken Futures is 0.208% cheaper against MEXC than usual: you would sell low and buy high (spread −0.208% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 1 hour of funding at the current rate (+$410 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SYRUP_USDT	0.2174	0.0100	pay 0.0050% / 4h	48m 53s	$3.0M	$396K	100x
Short	Kraken Futures PF_SYRUPUSD	0.2169	1.3769	get 0.1721% / 1h	48m 53s	$42K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.208%Rate

Funding earned: $2,870.4
Price spread: −0.208% → 0.000%: −$20.75
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $2,831.65
Costs to cover: 0.180%
Break-even: 0.1 days

Slippage unknown: MEXC: live order book, 1 min ago; Kraken Futures: 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, 1 min ago	2.30 bp	9.2 bp −$9	64.3 bp −$643	286.9 bp −$28.7K	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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 16 exchanges

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
BloFin SYRUP-USDT	+0.0056%	4h	0.2173	−0.046%	$408K	$152K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2178	+0.189%	$198K	$177K	5x	as long as short
Hyperliquid SYRUP	+0.0100%	1h	0.2178	+0.189%	$5.5M	$1.6M	3x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2174	−0.009%	$16K	$36K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2175	+0.032%	$8.7M	$6.6M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2175	+0.060%	$2.1M	$2.3M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2175	+0.046%	$1.0M	$954K	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2176	+0.101%	$399K	$53K	25x	as long as short
MEXC SYRUP_USDTlong	+0.0100%	4h	0.2174	long leg	$3.0M	$396K	100x
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2176	+0.092%	$1.8M	$121K	25x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDT	+0.0100%	4h	0.2175	+0.046%	$682K	$451K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2176	+0.074%	—	$6.6M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2174	+0.001%	$157K	$20K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2176	+0.087%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0339% / S −0.1589%	1h	0.2176	+0.075%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSDshort	+1.3769%	1h	0.2169	−0.208%	$42K	$19K	10x