Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h —

Price spread now: Aster against Reya+0.057%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.057% dearer against Reya than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya SYRUPRUSDPERP	0.2293	0.0149	pay 0.0019% / 1h	16m 50s	—	—	5x
Short	Aster SYRUPUSDT	0.2294	0.0100	get 0.0050% / 4h	3h 16m	$14K	$63K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$10.28
Price spread: +0.057% → 0.000%: $5.72
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$18.56
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Aster: no order-book sample. 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 Reya no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Reya and Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.194%	$209K	$217K	5x	as long as short
Aster SYRUPUSDTshort	+0.0100%	4h	0.2294	+0.057%	$14K	$63K	10x
Binance SYRUPUSDT	+0.0100%	4h	0.2294	+0.058%	$9.5M	$6.7M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2296	+0.133%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2294	+0.059%	$1.2M	$1.0M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2294	+0.076%	$427K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2294	+0.059%	$3.0M	$580K	100x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2293	+0.015%	$668K	$440K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2295	+0.089%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2300	+0.317%	$166K	$46K	—	as long as short

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	+0.020%	$453K	$131K	50x	as long as short
Reya SYRUPRUSDPERPlong	+0.0149%	1h	0.2293	long leg	—	—	5x
KuCoin SYRUPUSDTM	+0.0154%	4h	0.2302	+0.395%	$2.0M	$112K	25x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0330% / S −0.1447%	1h	0.2292	−0.008%	$3K	—	50x	as long as short
Hyperliquid SYRUP	+0.0745%	1h	0.2301	+0.347%	$5.9M	$1.6M	3x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1572%	1h	0.2298	+0.255%	$41K	$23K	10x	as long as short