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% APRpaid last 24h 0.000%

Price spread now: Gate against Variational Omni−0.015%7-day average −0.073% · you buy dearer than you sell

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

Long on Variational Omni Short on Gate

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)+0.038%+$4 · spread now −0.015%, 7d avg −0.073%

Together, before fees+0.038%+ Points / potential airdropVariational Omni: Active · farm board+$4 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: Gate is 0.058% dearer against Variational Omni than usual: you sell high and buy low, +$6 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	0.2301	0.0100	pay 0.0050% / 4h	3h 44m	$166K	$46K	—
Short	Gate SYRUP_USDT	0.2301	0.0100	get 0.0100% / 8h	7h 44m	$428K	$68K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → −0.073%: $5.83
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$9.17
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 29 min ago; Gate: live order book, 26 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, 29 min ago	8.70 bp	doesn't fit	182.8 bp −$1,828	doesn't fit	doesn't fit
Sell Gate live order book, 26 min ago	17.33 bp	221.3 bp −$221	doesn't fit	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
BloFin SYRUP-USDT	+0.0043%	4h	0.2299	−0.093%	$457K	$134K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2304	+0.124%	$209K	$217K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2300	−0.038%	$14K	$63K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2300	−0.070%	$9.6M	$6.8M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2302	+0.015%	$2.3M	$2.0M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2299	−0.097%	$1.2M	$1.1M	20x	as long as short
Gate SYRUP_USDTshort	+0.0100%	8h	0.2301	−0.015%	$428K	$68K	25x
MEXC SYRUP_USDT	+0.0100%	4h	0.2299	−0.097%	$3.0M	$579K	100x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2301	−0.011%	$678K	$448K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2301	−0.028%	—	$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	0.2301	long leg	$166K	$46K	—
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2300	−0.058%	—	—	5x	as long as short
KuCoin SYRUPUSDTM	+0.0154%	4h	0.2307	+0.255%	$2.0M	$111K	25x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0330% / S −0.1447%	1h	0.2300	−0.075%	$3K	—	50x	as long as short
Hyperliquid SYRUP	+0.0416%	1h	0.2304	+0.107%	$5.8M	$1.6M	3x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1569%	1h	0.2303	+0.087%	$41K	$23K	10x	as long as short