Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against OKX+0.045%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1251.250% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.045%, 7d avg −0.013%

Together, before fees−0.090%−$9 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: Bitget is 0.057% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SYRUP-USDT-SWAP	0.2242	0.0100	pay 0.0050% / 4h	2h 07m	$1.1M	$1.1M	20x
Short	Bitget SYRUPUSDT	0.2243	0.0100	get 0.0050% / 4h	2h 07m	$651K	$456K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.013%: $5.72
Slippage, 4 orders: −$102.95
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$119.23
Costs to cover: 1.250%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bitget: live order book, 58 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, 4 min ago	2.23 bp	39.7 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 58 min ago	10.90 bp	29.4 bp −$29	90.5 bp −$905	doesn't fit	doesn't fit

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	0.2245	+0.116%	$207K	$218K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2241	−0.043%	$14K	$66K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2242	0.000%	$9.2M	$7.0M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2243	+0.054%	$2.2M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAPlong	+0.0100%	4h	0.2242	long leg	$1.1M	$1.1M	20x
Gate SYRUP_USDT	+0.0100%	8h	0.2238	−0.169%	$416K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2241	−0.045%	$2.9M	$433K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2242	−0.018%	$2.0M	$121K	25x	as long as short
Bitget SYRUPUSDTshort	+0.0100%	4h	0.2243	+0.045%	$651K	$456K	20x
BingX SYRUP-USDT	+0.0100%	4h	0.2240	−0.107%	—	$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	0.2243	+0.025%	$161K	$37K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2242	−0.022%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0314%	1h	0.2246	+0.182%	$5.6M	$1.8M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0328% / S −0.1447%	1h	0.2242	+0.008%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1025%	1h	0.2241	−0.063%	$41K	$25K	10x	as long as short