Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Variational Omni against MEXC−0.038%7-day average +0.101% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.190%+$19 · spread now −0.038%, 7d avg +0.101%

Together, before fees+0.190%+ Points / potential airdropVariational Omni: Active · farm board+$19 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: Variational Omni is 0.139% cheaper against MEXC than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SYRUP_USDT	0.2304	0.0100	pay 0.0050% / 4h	2h 33m	$3.1M	$566K	100x
Short	Variational Omni SYRUP	0.2303	0.0100	get 0.0050% / 4h	2h 33m	$164K	$48K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → +0.101%: −$13.94
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$21.94
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; Variational Omni: RFQ quote, 55 min ago. 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, 3 min ago	4.34 bp	11.3 bp −$11	68.0 bp −$680	300.9 bp −$30.1K	doesn't fit
Sell Variational Omni RFQ quote, 55 min ago	6.43 bp	doesn't fit	177.9 bp −$1,779	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
Lighter SYRUP	+0.0096%	1h	0.2309	+0.217%	$209K	$225K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2304	−0.013%	$11K	$60K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2305	+0.026%	$9.7M	$6.2M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2305	+0.052%	$2.3M	$1.8M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2306	+0.087%	$1.2M	$965K	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2303	−0.022%	$431K	$65K	25x	as long as short
MEXC SYRUP_USDTlong	+0.0100%	4h	0.2304	long leg	$3.1M	$566K	100x
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2313	+0.386%	$2.0M	$107K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2307	+0.130%	$673K	$410K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2305	+0.061%	—	$6.6M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SYRUPshort	+0.0100%	4h	0.2303	−0.038%	$164K	$48K	—
BloFin SYRUP-USDT	+0.0101%	4h	0.2303	−0.065%	$468K	$132K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2305	+0.026%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0331% / S −0.1447%	1h	0.2304	−0.020%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.0978%	1h	0.2309	+0.212%	$42K	$24K	10x	as long as short
Hyperliquid SYRUP	+0.1243%	1h	0.2309	+0.239%	$5.7M	$1.3M	3x	as long as short