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: Bybit against Variational Omni−0.106%7-day average −0.027% · you buy dearer than you sell

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

Long on Variational Omni Short on Bybit

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)+0.105%+$11 · spread now −0.106%, 7d avg −0.027%

Together, before fees+0.105%+ Points / potential airdropVariational Omni: Active · farm board+$11 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: Bybit is 0.079% cheaper against Variational Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SYRUP	0.2298	0.0100	pay 0.0050% / 4h	35m 11s	$165K	$46K	—
Short	Bybit SYRUPUSDT	0.2295	0.0100	get 0.0050% / 4h	35m 11s	$2.3M	$1.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → −0.027%: −$7.89
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$18.89
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 44 min ago; Bybit: live order book, 2 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, 44 min ago	6.53 bp	doesn't fit	189.3 bp −$1,893	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.44 bp	42.3 bp −$42	167.7 bp −$1,677	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	0.2298	+0.025%	$209K	$220K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2295	−0.121%	$13K	$62K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2293	−0.189%	$9.6M	$6.6M	25x	as long as short
Bybit SYRUPUSDTshort	+0.0100%	4h	0.2295	−0.106%	$2.3M	$1.9M	25x
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2293	−0.210%	$1.2M	$1.0M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2298	+0.003%	$428K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2293	−0.210%	$3.0M	$582K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2305	+0.299%	$2.0M	$108K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2296	−0.080%	$667K	$440K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2294	−0.150%	—	$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	0.2298	long leg	$165K	$46K	—
BloFin SYRUP-USDT	+0.0130%	4h	0.2293	−0.206%	$459K	$133K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2294	−0.147%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0330% / S −0.1447%	1h	0.2294	−0.184%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.0686%	1h	0.2297	−0.019%	$41K	$23K	10x	as long as short
Hyperliquid SYRUP	+0.1144%	1h	0.2300	+0.103%	$5.8M	$1.5M	3x	as long as short