Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.1489%/8h= +163.1% APRpaid last 24h +0.395%

Price spread now: GMX against Bitget+0.015%7-day average — · you sell dearer than you buy

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

Long on Bitget 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$45 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SYRUPUSDT	0.2178	0.0100	pay 0.0050% / 4h	50m 08s	$683K	$451K	20x
Short	GMX SYRUP/USD [ETH-USDC]	0.2178	L +0.0339% / S −0.1589%	get 0.0199% / 1h	50m 08s	$3K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $312.71
Price spread: +0.015% → 0.000%: $1.47
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $290.18
Costs to cover: 0.240%
Break-even: 0.5 days

Slippage unknown: Bitget: live order book, 53 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 Bitget live order book, 53 min ago	11.40 bp	25.8 bp −$26	97.4 bp −$974	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 exchanges

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	+0.0065%	4h	0.2173	−0.220%	$408K	$152K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2179	+0.064%	$198K	$177K	5x	as long as short
Hyperliquid SYRUP	+0.0100%	1h	0.2180	+0.073%	$5.5M	$1.6M	3x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2176	−0.080%	$16K	$36K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2176	−0.088%	$8.7M	$6.6M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2178	−0.005%	$2.1M	$2.3M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2176	−0.092%	$1.0M	$954K	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2178	0.000%	$400K	$53K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2176	−0.092%	$3.0M	$396K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2184	+0.285%	$1.8M	$121K	25x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDTlong	+0.0100%	4h	0.2178	long leg	$683K	$451K	20x
BingX SYRUP-USDT	+0.0100%	4h	0.2176	−0.078%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2174	−0.183%	$157K	$20K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2178	−0.004%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]short	L +0.0339% / S −0.1589%	1h	0.2178	+0.015%	$3K	—	50x
Kraken Futures PF_SYRUPUSD	+1.3745%	1h	0.2173	−0.222%	$42K	$19K	10x	as long as short