Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1152%/8h= +126.1% APRnext payment +$1.44 per $10,000 · paid last 24h —

Price spread now: GMX against Reya+0.003%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 GMX

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 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$35 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya SYRUPRUSDPERP	0.2202	0.0149	pay 0.0019% / 1h	40m 34s	—	—	5x
Short	GMX SYRUP/USD [ETH-USDC]	0.2202	L +0.0314% / S −0.1301%	get 0.0163% / 1h	40m 34s	$2K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Reya. 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 ReyabpFee GMXbpOrdersPrice spread, now +0.003%Rate

Funding earned: $241.91
Price spread: +0.003% → 0.000%: $0.34
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $224.25
Costs to cover: 0.180%
Break-even: 0.5 days

Slippage unknown: Reya: no order-book sample; GMX: 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 GMX no order-book sample	—	—	—	—	—

Reya and GMX: 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
BloFin SYRUP-USDT	+0.0044%	4h	0.2201	−0.029%	$418K	$138K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2205	+0.125%	$201K	$220K	5x	as long as short
Hyperliquid SYRUP	+0.0100%	1h	0.2207	+0.234%	$5.5M	$1.9M	3x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2201	−0.031%	$14K	$73K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2201	−0.058%	$8.9M	$7.3M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2203	+0.052%	$2.1M	$2.5M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2201	−0.038%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2203	+0.062%	$405K	$62K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2201	−0.038%	$2.9M	$411K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2210	+0.379%	$1.9M	$154K	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	0.2204	+0.098%	$698K	$484K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2202	+0.021%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2202	+0.017%	$157K	$24K	—	as long as short
Reya SYRUPRUSDPERPlong	+0.0149%	1h	0.2202	long leg	—	—	5x
GMX SYRUP/USD [ETH-USDC]short	L +0.0314% / S −0.1301%	1h	0.2202	+0.003%	$2K	—	50x
Kraken Futures PF_SYRUPUSD	+0.1623%	1h	0.2199	−0.126%	$40K	$23K	10x	as long as short