Funding arb · Price arb /

SYRUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Variational Omni−0.190%7-day average −0.107% · you buy dearer than you sell

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

Long on Variational Omni Short on MEXC

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 4 days (all we have)+0.146%+$15 · spread now −0.190%, 7d avg −0.107%

Together, before fees+0.146%+ Points / potential airdropVariational Omni: Active · farm board+$15 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: MEXC is 0.083% 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 −0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SYRUP	0.2260	0.0100	pay 0.0050% / 4h	2h 28m	$162K	$37K	—
Short	MEXC SYRUP_USDT	0.2256	0.0100	get 0.0050% / 4h	2h 28m	$2.9M	$422K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.190%Rate

Funding earned: $0
Price spread: −0.190% → −0.107%: −$8.34
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$16.34
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 40 min ago; MEXC: live order book, 4 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, 40 min ago	8.70 bp	doesn't fit	187.0 bp −$1,870	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.21 bp	10.1 bp −$10	58.0 bp −$580	301.4 bp −$30.1K	doesn't fit

SYRUP on 15 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	0.2261	+0.027%	$208K	$218K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2256	−0.170%	$14K	$65K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2259	−0.066%	$9.4M	$6.9M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2259	−0.075%	$2.2M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2258	−0.102%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2258	−0.080%	$419K	$67K	25x	as long as short
MEXC SYRUP_USDTshort	+0.0100%	4h	0.2256	−0.190%	$2.9M	$422K	100x
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2268	+0.358%	$2.0M	$115K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2258	−0.102%	$655K	$455K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2259	−0.075%	—	$6.5M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SYRUPlong	+0.0100%	4h	0.2260	long leg	$162K	$37K	—
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2257	−0.151%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0329% / S −0.1447%	1h	0.2258	−0.114%	$3K	—	50x	as long as short
Hyperliquid SYRUP	+0.0405%	1h	0.2261	+0.013%	$5.7M	$1.8M	3x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1018%	1h	0.2256	−0.179%	$41K	$25K	10x	as long as short