Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

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: BingX against Variational Omni+0.279%7-day average −0.073% · you sell dearer than you buy

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

Long on Variational Omni Short on BingX

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)−0.364%−$36 · spread now +0.279%, 7d avg −0.073%

Together, before fees−0.364%+ Points / potential airdropVariational Omni: Active · farm board−$36 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: BingX is 0.352% dearer against Variational Omni than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SYRUP	0.2296	0.0100	pay 0.0050% / 4h	58m 38s	$165K	$51K	—
Short	BingX SYRUP-USDT	0.2302	0.0100	get 0.0050% / 4h	58m 38s	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now +0.279%Rate

Funding earned: $0
Price spread: +0.279% → −0.073%: $35.22
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $25.22
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 20 min ago; BingX: live order book, 3 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 Variational Omni RFQ quote, 20 min ago	6.53 bp	doesn't fit	189.3 bp −$1,893	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	4.35 bp	28.9 bp −$29	79.7 bp −$797	586.7 bp −$58.7K	1114.9 bp −$557.5K

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	+0.0091%	4h	0.2297	+0.035%	$459K	$132K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2304	+0.353%	$209K	$220K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2300	+0.163%	$13K	$61K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2301	+0.201%	$9.6M	$6.5M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2302	+0.257%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2303	+0.305%	$1.2M	$1.0M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2298	+0.083%	$429K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2300	+0.175%	$3.0M	$580K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2308	+0.506%	$2.0M	$108K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2301	+0.218%	$671K	$439K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SYRUP-USDTshort	+0.0100%	4h	0.2302	+0.279%	—	$6.5M	—
Variational Omni SYRUPlong	+0.0100%	4h	0.2296	long leg	$165K	$51K	—
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2301	+0.212%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0330% / S −0.1447%	1h	0.2300	+0.155%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.0684%	1h	0.2304	+0.338%	$41K	$23K	10x	as long as short
Hyperliquid SYRUP	+0.1237%	1h	0.2306	+0.419%	$5.9M	$1.5M	3x	as long as short