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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX+0.073%7-day average −0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1171.168% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days−0.204%−$20 · spread now +0.073%, 7d avg −0.085%

Together, before fees−0.219%−$22 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: Binance is 0.158% dearer against OKX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SYRUP-USDT-SWAP	0.2190	0.0100	pay 0.0050% / 4h	2h 38m	$1.0M	$1.1M	20x
Short	Binance SYRUPUSDT	0.2192	0.0100	get 0.0050% / 4h	2h 38m	$8.9M	$7.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → −0.085%: $15.85
Slippage, 4 orders: −$96.76
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$100.92
Costs to cover: 1.168%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Binance: live order book, 1 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 OKX live order book, 3 min ago	6.84 bp	35.9 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	2.28 bp	30.9 bp −$31	108.6 bp −$1,086	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	−0.0418%	1h	0.2193	+0.127%	$39K	$24K	10x	as long as short
BloFin SYRUP-USDT	+0.0094%	4h	0.2192	+0.105%	$422K	$124K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2194	+0.174%	$204K	$220K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2193	+0.158%	$14K	$68K	10x	as long as short
Binance SYRUPUSDTshort	+0.0100%	4h	0.2192	+0.073%	$8.9M	$7.6M	25x
Bybit SYRUPUSDT	+0.0100%	4h	0.2194	+0.169%	$2.2M	$2.4M	25x	as long as short
OKX SYRUP-USDT-SWAPlong	+0.0100%	4h	0.2190	long leg	$1.0M	$1.1M	20x
Gate SYRUP_USDT	+0.0100%	8h	0.2192	+0.087%	$404K	$65K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2192	+0.091%	$2.8M	$424K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2199	+0.411%	$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	0.2195	+0.228%	$691K	$514K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2193	+0.155%	—	$6.6M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2197	+0.328%	$157K	$27K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2191	+0.065%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0236%	1h	0.2195	+0.233%	$5.4M	$1.9M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0314% / S −0.1301%	1h	0.2192	+0.107%	$2K	—	50x	as long as short