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 BingX+0.019%7-day average +0.075% · you sell dearer than you buy

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

Long on BingX 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)+0.016%+$2 · spread now +0.019%, 7d avg +0.075%

Together, before fees+0.016%+ Points / potential airdropVariational Omni: Active · farm board+$2 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 0.056% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.075%.

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 32m	—	$6.5M	—
Short	Variational Omni SYRUP	0.2198	0.0100	get 0.0050% / 4h	1h 32m	$157K	$27K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → +0.075%: −$5.59
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$15.59
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 9 min ago; Variational Omni: RFQ quote, 11 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 BingX live order book, 9 min ago	3.41 bp	20.5 bp −$21	70.6 bp −$706	666.6 bp −$66.7K	1108.3 bp −$554.1K
Sell Variational Omni RFQ quote, 11 min ago	6.83 bp	doesn't fit	166.1 bp −$1,661	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	0.2197	+0.004%	$39K	$24K	10x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2199	+0.091%	$200K	$218K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2198	+0.037%	$14K	$69K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2196	−0.041%	$8.9M	$7.5M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2197	0.000%	$2.2M	$2.5M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2195	−0.100%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2198	+0.018%	$404K	$64K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2196	−0.055%	$2.9M	$437K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2200	+0.132%	$1.9M	$158K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2198	+0.036%	$691K	$488K	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	0.2197	long leg	—	$6.5M	—
Variational Omni SYRUPshort	+0.0100%	4h	0.2198	+0.019%	$157K	$27K	—
BloFin SYRUP-USDT	+0.0121%	4h	0.2195	−0.105%	$418K	$117K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2196	−0.048%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0314% / S −0.1301%	1h	0.2196	−0.051%	$2K	—	50x	as long as short
Hyperliquid SYRUP	+0.0477%	1h	0.2201	+0.159%	$5.4M	$1.9M	3x	as long as short