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: BingX against OKX+0.046%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1191.191% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.102%−$10 · spread now +0.046%, 7d avg −0.040%

Together, before fees−0.102%−$10 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: BingX is 0.086% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SYRUP-USDT-SWAP	0.2193	0.0100	pay 0.0050% / 4h	2h 38m	$1.0M	$1.1M	20x
Short	BingX SYRUP-USDT	0.2194	0.0100	get 0.0050% / 4h	2h 38m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → −0.040%: $8.59
Slippage, 4 orders: −$99.09
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$110.5
Costs to cover: 1.191%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; BingX: live order book, 8 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 BingX live order book, 8 min ago	3.41 bp	25.2 bp −$25	78.8 bp −$788	610.3 bp −$61.0K	1194.2 bp −$597.1K

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	−0.010%	$39K	$24K	10x	as long as short
BloFin SYRUP-USDT	+0.0094%	4h	0.2192	−0.032%	$422K	$124K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2194	+0.036%	$204K	$220K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2193	+0.021%	$14K	$68K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2193	−0.005%	$8.9M	$7.6M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2195	+0.091%	$2.2M	$2.4M	25x	as long as short
OKX SYRUP-USDT-SWAPlong	+0.0100%	4h	0.2193	long leg	$1.0M	$1.1M	20x
Gate SYRUP_USDT	+0.0100%	8h	0.2192	−0.059%	$404K	$65K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2192	−0.046%	$2.8M	$424K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2199	+0.283%	$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	+0.091%	$691K	$509K	20x	as long as short
BingX SYRUP-USDTshort	+0.0100%	4h	0.2194	+0.046%	—	$6.5M	—
Variational Omni SYRUP	+0.0100%	4h	0.2197	+0.191%	$157K	$27K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2193	−0.016%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0236%	1h	0.2195	+0.114%	$5.4M	$1.9M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0314% / S −0.1301%	1h	0.2193	−0.017%	$2K	—	50x	as long as short