Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Variational Omni+0.335%7-day average +0.093% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.329%−$33 · spread now +0.335%, 7d avg +0.093%

Together, before fees−0.329%+ Points / potential airdropVariational Omni: Active · farm board−$33 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: KuCoin is 0.242% dearer against Variational Omni than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SYRUP	0.2203	0.0100	pay 0.0050% / 4h	41m 10s	$157K	$24K	—
Short	KuCoin SYRUPUSDTM	0.2210	0.0100	get 0.0050% / 4h	41m 10s	$1.9M	$154K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.335%Rate

Funding earned: $0
Price spread: +0.335% → +0.093%: $24.18
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $12.18
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 63 min ago; KuCoin: live order book, 5 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, 63 min ago	6.83 bp	doesn't fit	484.6 bp −$4,846	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	40.47 bp	476.6 bp −$477	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	+0.0044%	4h	0.2201	−0.087%	$418K	$138K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2204	+0.044%	$201K	$220K	5x	as long as short
Hyperliquid SYRUP	+0.0100%	1h	0.2208	+0.226%	$5.5M	$1.9M	3x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2201	−0.086%	$14K	$73K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2201	−0.085%	$8.9M	$7.3M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2204	+0.031%	$2.1M	$2.5M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2201	−0.096%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2203	+0.004%	$405K	$62K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2201	−0.096%	$2.9M	$411K	100x	as long as short
KuCoin SYRUPUSDTMshort	+0.0100%	4h	0.2210	+0.335%	$1.9M	$154K	25x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDT	+0.0100%	4h	0.2205	+0.085%	$698K	$484K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2203	−0.015%	—	$6.5M	—	as long as short
Variational Omni SYRUPlong	+0.0100%	4h	0.2203	long leg	$157K	$24K	—
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2202	−0.058%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0314% / S −0.1301%	1h	0.2202	−0.054%	$2K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1623%	1h	0.2199	−0.184%	$40K	$23K	10x	as long as short