Funding you earn now, next payment 04:00 UTC+0.0029%/8h= +3.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against Bybit−0.009%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1381.379% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 4 days (all we have)−0.102%−$10 · spread now −0.009%, 7d avg −0.085%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.076% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.085%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SYRUPUSDT | 0.2214 | 0.0100 | pay 0.0050% / 4h | 17m 07s | $2.1M | $2.1M | 25x |
| Short | BloFin SYRUP-USDT | 0.2213 | 0.0129 | get 0.0064% / 4h | 17m 07s | $429K | $128K | 50x |
Bybit SYRUPUSDT
BloFin SYRUP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $5.99
- Price spread: −0.009% → −0.085%
- $7.55
- Slippage, 4 orders
- −$114.89
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$124.36
- Costs to cover
- 1.379%
- Break-even
- 152.4 days
Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 19 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 Bybit live order book, 5 min ago | 2.93 bp | 42.0 bp −$42 | 173.5 bp −$1,735 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 19 min ago | 0.23 bp | 28.5 bp −$29 | 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 | −0.0804% | 1h | 0.2214 | +0.033% | $40K | $24K | 10x | as long as short |
| Lighter SYRUP | +0.0096% | 1h | 0.2217 | +0.126% | $205K | $219K | 5x | as long as short |
| Hyperliquid SYRUP | +0.0100% | 1h | 0.2218 | +0.208% | $5.5M | $1.9M | 3x | as long as short |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2213 | −0.010% | $14K | $69K | 10x | as long as short |
| Binance SYRUPUSDT | +0.0100% | 4h | 0.2213 | −0.014% | $9.0M | $7.3M | 25x | as long as short |
| Bybit SYRUPUSDTlong | +0.0100% | 4h | 0.2214 | long leg | $2.1M | $2.1M | 25x | |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2212 | −0.077% | $1.1M | $1.1M | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2213 | −0.054% | $408K | $70K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2213 | −0.032% | $2.8M | $425K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2215 | +0.054% | $1.9M | $152K | 25x | as long as short |
Kraken Futures PF_SYRUPUSD
Lighter SYRUP
Hyperliquid SYRUP
Aster SYRUPUSDT
Binance SYRUPUSDT
OKX SYRUP-USDT-SWAP
Gate SYRUP_USDT
MEXC SYRUP_USDT
KuCoin SYRUPUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2214 | +0.014% | $698K | $508K | 20x | as long as short |
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2214 | +0.009% | — | $6.5M | — | as long as short |
| Variational Omni SYRUP | +0.0100% | 4h | 0.2218 | +0.187% | $158K | $31K | — | as long as short |
| BloFin SYRUP-USDTshort | +0.0129% | 4h | 0.2213 | −0.009% | $429K | $128K | 50x | |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2213 | −0.028% | — | — | 5x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0328% / S −0.1447% | 1h | 0.2213 | −0.017% | $3K | — | 50x | as long as short |
Bitget SYRUPUSDT
BingX SYRUP-USDT
Variational Omni SYRUP
Reya SYRUPRUSDPERP
GMX SYRUP/USD [ETH-USDC]