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% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Gate+0.034%7-day average +0.074% · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.034%, 7d avg +0.074%

Together, before fees−0.054%+ Points / potential airdropVariational Omni: Active · farm board−$5 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: Variational Omni is 0.040% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SYRUP_USDT	0.2319	0.0100	pay 0.0100% / 8h	3h 44m	$434K	$63K	25x
Short	Variational Omni SYRUP	0.2320	0.0100	get 0.0050% / 4h	3h 44m	$166K	$49K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → +0.074%: −$3.98
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$18.98
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 1 min ago; Variational Omni: RFQ quote, 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 Gate live order book, 1 min ago	11.45 bp	213.1 bp −$213	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	6.46 bp	doesn't fit	196.1 bp −$1,961	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	0.2318	−0.078%	$164K	$179K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2316	−0.141%	$11K	$62K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2317	−0.108%	$9.8M	$5.9M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2320	+0.013%	$2.3M	$1.7M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2318	−0.060%	$1.2M	$953K	20x	as long as short
Gate SYRUP_USDTlong	+0.0100%	8h	0.2319	long leg	$434K	$63K	25x
MEXC SYRUP_USDT	+0.0100%	4h	0.2316	−0.147%	$3.2M	$573K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2320	+0.017%	$2.0M	$104K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2318	−0.060%	$670K	$405K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2318	−0.052%	—	$6.6M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SYRUPshort	+0.0100%	4h	0.2320	+0.034%	$166K	$49K	—
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2318	−0.080%	—	—	5x	as long as short
BloFin SYRUP-USDT	+0.0151%	4h	0.2316	−0.129%	$478K	$131K	50x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0332% / S −0.1447%	1h	0.2317	−0.112%	$3K	—	50x	as long as short
Hyperliquid SYRUP	+0.0966%	1h	0.2324	+0.198%	$5.7M	$1.3M	3x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1094%	1h	0.2319	−0.030%	$42K	$25K	10x	as long as short