Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1201%/8h= +131.5% APRpaid last 24h +0.412%

Price spread now: GMX against Binance+0.037%7-day average — · you sell dearer than you buy

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

Long on Binance Short on GMX

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—needs both histories

Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and GMX is 0.037% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread 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	Binance SYRUPUSDT	0.2194	0.0100	pay 0.0050% / 4h	3h 33m	$8.9M	$7.2M	25x
Short	GMX SYRUP/USD [ETH-USDC]	0.2194	L +0.0313% / S −0.1301%	get 0.0163% / 1h	33m 14s	$2K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.037%Rate

Funding earned: $252.18
Price spread: +0.037% → 0.000%: $3.74
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $233.92
Costs to cover: 0.220%
Break-even: 0.5 days

Slippage unknown: Binance: live order book, 6 min ago; GMX: no order-book sample. 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 Binance live order book, 6 min ago	1.14 bp	20.0 bp −$20	85.1 bp −$851	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
BloFin SYRUP-USDT	+0.0057%	4h	0.2193	−0.042%	$414K	$134K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2197	+0.145%	$200K	$220K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2194	+0.027%	$14K	$73K	10x	as long as short
Binance SYRUPUSDTlong	+0.0100%	4h	0.2194	long leg	$8.9M	$7.2M	25x
Bybit SYRUPUSDT	+0.0100%	4h	0.2195	+0.086%	$2.1M	$2.4M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2195	+0.063%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2194	+0.013%	$403K	$60K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2194	+0.018%	$2.9M	$415K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2204	+0.469%	$1.9M	$152K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2196	+0.109%	$700K	$479K	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	0.2196	+0.100%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2198	+0.200%	$157K	$24K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2196	+0.115%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0247%	1h	0.2198	+0.200%	$5.4M	$1.8M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]short	L +0.0313% / S −0.1301%	1h	0.2194	+0.037%	$2K	—	50x
Kraken Futures PF_SYRUPUSD	+1.4495%	1h	0.2191	−0.140%	$40K	$21K	10x	as long as short