Settings8H · net · $10k
Funding arb · Price arb /

SYRUP

all SYRUP markets
SwapBacktest
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: Bybit against OKX+0.061%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1611.606% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days−0.120%−$12 · spread now +0.061%, 7d avg −0.010%
Together, before fees−0.120%−$12 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: Bybit is 0.072% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SYRUP-USDT-SWAP0.22940.0100pay 0.0050% / 4h1h 11m$1.2M$996K20x
ShortBybit SYRUPUSDT0.22950.0100get 0.0050% / 4h1h 11m$2.3M$1.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: +0.061% → −0.010%
$7.15
Slippage, 4 orders
−$139.55
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$153.4
Costs to cover
1.606%
Break-even
never at this rate
Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago4.35 bp39.4 bp −$39doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago1.52 bp42.2 bp −$42163.4 bp −$1,634doesn't fitdoesn't fit

SYRUP on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SYRUP-USDT+0.0050%4h0.2295+0.031%$460K$132K50xas long as short
Lighter SYRUP+0.0096%1h0.2300+0.244%$208K$225K5xas long as short
Aster SYRUPUSDT+0.0100%4h0.2294+0.010%$12K$61K10xas long as short
Binance SYRUPUSDT+0.0100%4h0.2294−0.019%$9.6M$6.5M25xas long as short
Bybit SYRUPUSDTshort+0.0100%4h0.2295+0.061%$2.3M$1.9M25x
OKX SYRUP-USDT-SWAPlong+0.0100%4h0.2294long leg$1.2M$996K20x
Gate SYRUP_USDT+0.0100%8h0.2296+0.109%$428K$67K25xas long as short
MEXC SYRUP_USDT+0.0100%4h0.2293−0.044%$3.0M$580K100xas long as short
KuCoin SYRUPUSDTM+0.0100%4h0.2304+0.432%$2.0M$109K25xas long as short
Bitget SYRUPUSDT+0.0100%4h0.2296+0.087%$669K$440K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SYRUP-USDT+0.0100%4h0.2296+0.100%$6.5Mas long as short
Variational Omni SYRUP+0.0100%4h0.2302+0.338%$166K$51Kas long as short
Reya SYRUPRUSDPERP+0.0149%1h0.2295+0.046%5xas long as short
GMX SYRUP/USD [ETH-USDC]L +0.0330% / S −0.1447%1h0.2294−0.010%$3K50xas long as short
Hyperliquid SYRUP+0.0939%1h0.2299+0.215%$5.8M$1.5M3xas long as short
Kraken Futures PF_SYRUPUSD+0.1427%1h0.2297+0.150%$41K$23K10xas long as short