Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1347%/8h= +147.5% APRpaid last 24h +0.521%

Price spread now: GMX against BingX−0.011%7-day average — · you buy dearer than you sell

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

Long on BingX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$40 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SYRUP-USDT	0.2309	0.0100	pay 0.0050% / 4h	2h 06m	—	$6.5M	—
Short	GMX SYRUP/USD [ETH-USDC]	0.2309	L +0.0331% / S −0.1447%	get 0.0181% / 1h	6m 06s	$3K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.011%Rate

Funding earned: $282.92
Price spread: −0.011% → 0.000%: −$1.13
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $259.8
Costs to cover: 0.220%
Break-even: 0.6 days

Slippage unknown: BingX: live order book, 15 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 BingX live order book, 15 min ago	4.93 bp	31.7 bp −$32	89.2 bp −$892	560.0 bp −$56.0K	1006.6 bp −$503.3K
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	+0.0056%	4h	0.2317	+0.351%	$474K	$134K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2313	+0.186%	$210K	$225K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2311	+0.093%	$12K	$61K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2310	+0.052%	$9.7M	$6.4M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2311	+0.082%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2309	0.000%	$1.2M	$989K	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2313	+0.160%	$432K	$67K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2310	+0.043%	$3.1M	$568K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2312	+0.147%	$2.0M	$107K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2310	+0.043%	$684K	$429K	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-USDTlong	+0.0100%	4h	0.2309	long leg	—	$6.5M	—
Variational Omni SYRUP	+0.0100%	4h	0.2326	+0.755%	$166K	$48K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2308	−0.036%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]short	L +0.0331% / S −0.1447%	1h	0.2309	−0.011%	$3K	—	50x
Kraken Futures PF_SYRUPUSD	+0.0976%	1h	0.2314	+0.207%	$42K	$24K	10x	as long as short
Hyperliquid SYRUP	+0.1052%	1h	0.2314	+0.217%	$5.9M	$1.5M	3x	as long as short