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: OKX against Variational Omni−0.103%7-day average −0.048% · you buy dearer than you sell

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

Long on Variational Omni Short on OKX

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)+0.104%+$10 · spread now −0.103%, 7d avg −0.048%

Together, before fees+0.104%+ Points / potential airdropVariational Omni: Active · farm board+$10 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: OKX is 0.055% cheaper against Variational Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SYRUP	0.2193	0.0100	pay 0.0050% / 4h	1m 47s	$157K	$24K	—
Short	OKX SYRUP-USDT-SWAP	0.2191	0.0100	get 0.0050% / 4h	1m 47s	$1.0M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → −0.048%: −$5.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$15.46
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 37 min ago; OKX: 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, 37 min ago	9.09 bp	doesn't fit	159.0 bp −$1,590	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	4.56 bp	29.0 bp −$29	688.7 bp −$6,887	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	0.2194	+0.025%	$200K	$220K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2188	−0.227%	$14K	$73K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2190	−0.152%	$8.9M	$7.2M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2192	−0.066%	$2.1M	$2.4M	25x	as long as short
OKX SYRUP-USDT-SWAPshort	+0.0100%	4h	0.2191	−0.103%	$1.0M	$1.1M	20x
Gate SYRUP_USDT	+0.0100%	8h	0.2191	−0.098%	$403K	$62K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2190	−0.148%	$2.9M	$413K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2193	−0.012%	$1.8M	$152K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2193	−0.012%	$701K	$481K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2191	−0.103%	—	$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	0.2193	long leg	$157K	$24K	—
BloFin SYRUP-USDT	+0.0140%	4h	0.2191	−0.112%	$417K	$134K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2191	−0.113%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0163%	1h	0.2194	+0.052%	$5.4M	$1.8M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0313% / S −0.1301%	1h	0.2191	−0.092%	$2K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1631%	1h	0.2188	−0.220%	$40K	$21K	10x	as long as short