SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.04 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against Binance−0.068%111s7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$860.855% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now −0.068%, 7d avg −0.009%

Together, before fees+0.029%+$3 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: BloFin is 0.059% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.009%. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SYRUPUSDT	0.2299	0.0100	pay 0.0050% / 4h	3h 29m	$9.6M	$6.8M	25x
Short	BloFin SYRUP-USDT	0.2298	0.0092	get 0.0046% / 4h	3h 29m	$455K	$133K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$1.68
Price spread: −0.068% → −0.009%: −$5.87
Slippage, 4 orders: −$63.51
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$93.06
Costs to cover: 0.855%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; BloFin: live order book, 41 min ago.

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 Binance live order book, 10 min ago	1.74 bp	30.4 bp −$30	184.5 bp −$1,845	doesn't fit	doesn't fit
Sell BloFin live order book, 41 min ago	1.73 bp	11.1 bp −$11	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-USDTshort	+0.0092%	4h	0.2298	−0.068%	$455K	$133K	50x
Lighter SYRUP	+0.0096%	1h	0.2302	+0.110%	$209K	$217K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2299	−0.024%	$14K	$63K	10x	as long as short
Binance SYRUPUSDTlong	+0.0100%	4h	0.2299	long leg	$9.6M	$6.8M	25x
Bybit SYRUPUSDT	+0.0100%	4h	0.2302	+0.128%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2299	−0.007%	$1.2M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2300	+0.028%	$428K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2298	−0.051%	$3.0M	$580K	100x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2300	+0.036%	$677K	$450K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2299	−0.012%	—	$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 SYRUP	+0.0100%	4h	0.2300	+0.029%	$165K	$46K	—	as long as short
KuCoin SYRUPUSDTM	+0.0148%	4h	0.2306	+0.297%	$2.0M	$112K	25x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2299	+0.010%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0330% / S −0.1447%	1h	0.2299	−0.023%	$3K	—	50x	as long as short
Hyperliquid SYRUP	+0.0610%	1h	0.2303	+0.184%	$5.8M	$1.6M	3x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1570%	1h	0.2301	+0.100%	$41K	$23K	10x	as long as short