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: Variational Omni against Aster−0.030%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.030% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SYRUPUSDT	0.2209	0.0100	pay 0.0050% / 4h	3h 55m	$14K	$69K	10x
Short	Variational Omni SYRUP	0.2208	0.0100	get 0.0050% / 4h	3h 55m	$158K	$27K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 AsterbpFee Variational OmnibpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → 0.000%: −$3.02
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.02
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Variational Omni: RFQ quote, 63 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 Aster no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 63 min ago	6.75 bp	doesn't fit	168.7 bp −$1,687	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_SYRUPUSD	−0.0049%	1h	0.2210	+0.037%	$40K	$22K	10x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2210	+0.076%	$204K	$218K	5x	as long as short
Aster SYRUPUSDTlong	+0.0100%	4h	0.2209	long leg	$14K	$69K	10x
Binance SYRUPUSDT	+0.0100%	4h	0.2208	−0.038%	$9.0M	$7.4M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2209	+0.012%	$2.1M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2207	−0.078%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2208	−0.056%	$407K	$64K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2208	−0.033%	$2.8M	$419K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2213	+0.171%	$1.9M	$151K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2211	+0.103%	$697K	$508K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SYRUP-USDT	+0.0100%	4h	0.2208	−0.038%	—	$6.5M	—	as long as short
Variational Omni SYRUPshort	+0.0100%	4h	0.2208	−0.030%	$158K	$27K	—
BloFin SYRUP-USDT	+0.0113%	4h	0.2209	+0.008%	$427K	$128K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2207	−0.089%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0258%	1h	0.2212	+0.143%	$5.4M	$1.9M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0328% / S −0.1447%	1h	0.2208	−0.041%	$3K	—	50x	as long as short