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 Binance−0.479%7-day average +0.101% · you buy dearer than you sell

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

Long on Binance Short on Variational Omni

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)+0.621%+$62 · spread now −0.479%, 7d avg +0.101%

Together, before fees+0.621%+ Points / potential airdropVariational Omni: Active · farm board+$62 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 0.580% cheaper against Binance than usual: you would sell low and buy high, −$58 on $10k if it goes back to its 7-day average of +0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SYRUPUSDT	0.2219	0.0100	pay 0.0050% / 4h	3h 52m	$9.0M	$7.4M	25x
Short	Variational Omni SYRUP	0.2208	0.0100	get 0.0050% / 4h	3h 52m	$158K	$27K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.479%Rate

Funding earned: $0
Price spread: −0.479% → +0.101%: −$58.01
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$68.01
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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 Binance live order book, 2 min ago	0.23 bp	25.4 bp −$25	98.4 bp −$984	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	6.79 bp	doesn't fit	346.2 bp −$3,462	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
Kraken Futures PF_SYRUPUSD	−0.0049%	1h	0.2216	−0.143%	$40K	$22K	10x	as long as short
BloFin SYRUP-USDT	+0.0073%	4h	0.2213	−0.270%	$427K	$129K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2222	+0.162%	$205K	$218K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2218	−0.024%	$14K	$69K	10x	as long as short
Binance SYRUPUSDTlong	+0.0100%	4h	0.2219	long leg	$9.0M	$7.4M	25x
Bybit SYRUPUSDT	+0.0100%	4h	0.2220	+0.041%	$2.1M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2219	+0.014%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2218	−0.036%	$409K	$64K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2220	+0.059%	$2.8M	$419K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2220	+0.054%	$1.9M	$151K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDT	+0.0100%	4h	0.2219	+0.014%	$700K	$508K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2217	−0.077%	—	$6.5M	—	as long as short
Variational Omni SYRUPshort	+0.0100%	4h	0.2208	−0.479%	$158K	$27K	—
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2220	+0.054%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0283%	1h	0.2225	+0.279%	$5.5M	$1.9M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0329% / S −0.1447%	1h	0.2220	+0.069%	$3K	—	50x	as long as short