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: Aster against Variational Omni+0.094%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.094% dearer against Variational Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SYRUP	0.2223	0.0100	pay 0.0050% / 4h	56m 11s	$159K	$32K	—
Short	Aster SYRUPUSDT	0.2225	0.0100	get 0.0050% / 4h	56m 11s	$14K	$68K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now +0.094%Rate

Funding earned: $0
Price spread: +0.094% → 0.000%: $9.38
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $1.38
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; 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 Variational Omni RFQ quote, 3 min ago	6.75 bp	doesn't fit	218.1 bp −$2,181	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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
Kraken Futures PF_SYRUPUSD	−0.0800%	1h	0.2225	+0.093%	$40K	$24K	10x	as long as short
BloFin SYRUP-USDT	+0.0062%	4h	0.2222	−0.036%	$437K	$129K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2228	+0.212%	$205K	$218K	5x	as long as short
Hyperliquid SYRUP	+0.0100%	1h	0.2227	+0.185%	$5.5M	$1.8M	3x	as long as short
Aster SYRUPUSDTshort	+0.0100%	4h	0.2225	+0.094%	$14K	$68K	10x
Binance SYRUPUSDT	+0.0100%	4h	0.2225	+0.077%	$9.1M	$7.1M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2224	+0.036%	$2.2M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2223	+0.005%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2221	−0.072%	$411K	$69K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2222	−0.040%	$2.8M	$422K	100x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2229	+0.284%	$1.9M	$152K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2223	+0.005%	$702K	$507K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2223	+0.005%	—	$6.5M	—	as long as short
Variational Omni SYRUPlong	+0.0100%	4h	0.2223	long leg	$159K	$32K	—
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2224	+0.069%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0329% / S −0.1447%	1h	0.2225	+0.074%	$3K	—	50x	as long as short