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: Bitget against Variational Omni−0.148%7-day average −0.055% · you buy dearer than you sell

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

Long on Variational Omni Short on Bitget

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)+0.031%+$3 · spread now −0.148%, 7d avg −0.055%

Together, before fees+0.031%+ Points / potential airdropVariational Omni: Active · farm board+$3 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: Bitget is 0.093% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SYRUP	0.2306	0.0100	pay 0.0050% / 4h	1h 49m	$166K	$51K	—
Short	Bitget SYRUPUSDT	0.2303	0.0100	get 0.0050% / 4h	1h 49m	$678K	$431K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.148%Rate

Funding earned: $0
Price spread: −0.148% → −0.055%: −$9.29
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$21.29
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 34 min ago; Bitget: live order book, 30 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, 34 min ago	6.41 bp	doesn't fit	220.2 bp −$2,202	doesn't fit	doesn't fit
Sell Bitget live order book, 30 min ago	10.70 bp	28.0 bp −$28	92.1 bp −$921	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	0.2308	+0.078%	$209K	$225K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2305	−0.040%	$12K	$61K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2303	−0.141%	$9.7M	$6.4M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2304	−0.104%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2303	−0.148%	$1.2M	$990K	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2307	+0.008%	$431K	$66K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2303	−0.148%	$3.1M	$560K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2306	+0.004%	$2.0M	$107K	25x	as long as short
Bitget SYRUPUSDTshort	+0.0100%	4h	0.2303	−0.148%	$678K	$431K	20x
BingX SYRUP-USDT	+0.0100%	4h	0.2305	−0.078%	—	$6.5M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SYRUPlong	+0.0100%	4h	0.2306	long leg	$166K	$51K	—
BloFin SYRUP-USDT	+0.0132%	4h	0.2304	−0.104%	$466K	$133K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2304	−0.084%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0331% / S −0.1447%	1h	0.2304	−0.115%	$3K	—	50x	as long as short
Hyperliquid SYRUP	+0.0346%	1h	0.2308	+0.082%	$5.9M	$1.5M	3x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1421%	1h	0.2307	+0.046%	$42K	$24K	10x	as long as short