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: Variational Omni against OKX+0.346%7-day average +0.042% · you sell dearer than you buy

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

Long on OKX 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)−0.313%−$31 · spread now +0.346%, 7d avg +0.042%

Together, before fees−0.313%+ Points / potential airdropVariational Omni: Active · farm board−$31 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 0.303% dearer against OKX than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SYRUP-USDT-SWAP	0.2292	0.0100	pay 0.0050% / 4h	3h 17m	$1.1M	$1.0M	20x
Short	Variational Omni SYRUP	0.2300	0.0100	get 0.0050% / 4h	3h 17m	$166K	$46K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now +0.346%Rate

Funding earned: $0
Price spread: +0.346% → +0.042%: $30.35
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $20.35
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 4 min ago; Variational Omni: RFQ quote, 57 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 OKX live order book, 4 min ago	4.35 bp	29.6 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 57 min ago	8.70 bp	doesn't fit	187.1 bp −$1,871	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	0.2297	+0.223%	$209K	$217K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2294	+0.085%	$14K	$63K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2293	+0.048%	$9.5M	$6.7M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2295	+0.127%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAPlong	+0.0100%	4h	0.2292	long leg	$1.1M	$1.0M	20x
Gate SYRUP_USDT	+0.0100%	8h	0.2294	+0.100%	$427K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2294	+0.087%	$3.0M	$580K	100x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2293	+0.044%	$668K	$440K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2294	+0.087%	—	$6.5M	—	as long as short
Variational Omni SYRUPshort	+0.0100%	4h	0.2300	+0.346%	$166K	$46K	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SYRUP-USDT	+0.0145%	4h	0.2293	+0.048%	$453K	$131K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2293	+0.028%	—	—	5x	as long as short
KuCoin SYRUPUSDTM	+0.0154%	4h	0.2302	+0.423%	$2.0M	$112K	25x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0330% / S −0.1447%	1h	0.2292	+0.021%	$3K	—	50x	as long as short
Hyperliquid SYRUP	+0.0729%	1h	0.2300	+0.349%	$5.9M	$1.6M	3x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1572%	1h	0.2298	+0.283%	$41K	$23K	10x	as long as short