SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.003%

Price spread now: KuCoin against BloFin+0.273%80s7-day average +0.208% · you sell dearer than you buy

Net, funding: paid 7d − costs−$726as 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−$7287.281% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.273%, 7d avg +0.208%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.066% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.208%. The two prices were read 80 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	BloFin SYRUP-USDT	0.2194	0.0042	pay 0.0021% / 4h	1h 43m	$419K	$126K	50x
Short	KuCoin SYRUPUSDTM	0.2200	0.0100	get 0.0050% / 4h	1h 43m	$1.9M	$157K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now +0.273%Rate

Funding earned: $12.28
Price spread: +0.273% → +0.208%: $6.56
Slippage, 4 orders: −$704.12
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$709.29
Costs to cover: 7.281%
Break-even: 411.5 days

Slippage from BloFin: live order book, 42 min ago; KuCoin: live order book, 2 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 BloFin live order book, 42 min ago	0.23 bp	17.1 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	24.94 bp	408.4 bp −$408	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	0.2201	+0.311%	$39K	$24K	10x	as long as short
BloFin SYRUP-USDTlong	+0.0042%	4h	0.2194	long leg	$419K	$126K	50x
Lighter SYRUP	+0.0096%	1h	0.2200	+0.260%	$205K	$213K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2199	+0.210%	$14K	$69K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2196	+0.086%	$8.9M	$7.6M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2198	+0.182%	$2.2M	$2.6M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2196	+0.087%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2200	+0.260%	$405K	$62K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2198	+0.178%	$2.9M	$436K	100x	as long as short
KuCoin SYRUPUSDTMshort	+0.0100%	4h	0.2200	+0.273%	$1.9M	$157K	25x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDT	+0.0100%	4h	0.2198	+0.178%	$691K	$507K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2198	+0.160%	—	$6.6M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2197	+0.133%	$157K	$27K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2197	+0.139%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0314% / S −0.1301%	1h	0.2197	+0.135%	$2K	—	50x	as long as short
Hyperliquid SYRUP	+0.0333%	1h	0.2202	+0.351%	$5.4M	$1.9M	3x	as long as short