SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.25 per $10,000 · paid last 24h −0.003%

Price spread now: BloFin against BingX−0.091%96s7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as 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−$920.916% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.091%, 7d avg −0.040%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.052% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.040%). Swap the legs. The two prices were read 96 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	BingX SYRUP-USDT	0.2197	0.0100	pay 0.0050% / 4h	1h 03m	—	$6.5M	—
Short	BloFin SYRUP-USDT	0.2195	0.0051	get 0.0025% / 4h	1h 03m	$419K	$117K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now −0.091%Rate

Funding earned: −$10.35
Price spread: −0.091% → −0.040%: −$5.15
Slippage, 4 orders: −$69.63
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$107.14
Costs to cover: 0.916%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; BloFin: live order book, 17 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 BingX live order book, 3 min ago	6.14 bp	23.5 bp −$23	76.9 bp −$769	674.0 bp −$67.4K	1114.3 bp −$557.1K
Sell BloFin live order book, 17 min ago	2.49 bp	24.7 bp −$25	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
Kraken Futures PF_SYRUPUSD	−0.0002%	1h	0.2196	−0.021%	$40K	$23K	10x	as long as short
BloFin SYRUP-USDTshort	+0.0051%	4h	0.2195	−0.091%	$419K	$117K	50x
Lighter SYRUP	+0.0096%	1h	0.2199	+0.118%	$200K	$221K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2196	−0.009%	$14K	$73K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2196	−0.026%	$8.9M	$7.4M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2198	+0.068%	$2.1M	$2.5M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2198	+0.068%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2195	−0.064%	$403K	$64K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2195	−0.068%	$2.9M	$439K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2203	+0.305%	$1.9M	$156K	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	0.2197	+0.023%	$695K	$486K	20x	as long as short
BingX SYRUP-USDTlong	+0.0100%	4h	0.2197	long leg	—	$6.5M	—
Variational Omni SYRUP	+0.0100%	4h	0.2199	+0.112%	$157K	$25K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2197	+0.028%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0313% / S −0.1301%	1h	0.2197	+0.027%	$2K	—	50x	as long as short
Hyperliquid SYRUP	+0.0328%	1h	0.2200	+0.148%	$5.4M	$1.9M	3x	as long as short