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% APRpaid last 24h 0.000%

Price spread now: Binance against Gate−0.100%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$424as in the Funding arb table

Net, price: spread back to 7d avg − costs−$431as in the Price arb table

costs, in and out, $10k−$4234.231% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.100%, 7d avg −0.019%

Together, before fees−0.007%−$1 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: Binance is 0.081% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SYRUP_USDT	0.2202	0.0100	pay 0.0100% / 8h	3h 01m	$405K	$65K	25x
Short	Binance SYRUPUSDT	0.2200	0.0100	get 0.0050% / 4h	3h 01m	$8.9M	$7.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.100%Rate

Funding earned: $0
Price spread: −0.100% → −0.019%: −$8.08
Slippage, 4 orders: −$398.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$431.17
Costs to cover: 4.231%
Break-even: never at this rate

Slippage from Gate: live order book, 49 min ago; Binance: live order book, 8 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 Gate live order book, 49 min ago	21.65 bp	219.3 bp −$219	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.23 bp	18.6 bp −$19	82.5 bp −$825	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	−0.0049%	1h	0.2206	+0.163%	$39K	$23K	10x	as long as short
BloFin SYRUP-USDT	+0.0066%	4h	0.2203	+0.032%	$421K	$127K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2207	+0.223%	$205K	$219K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2204	+0.066%	$14K	$68K	10x	as long as short
Binance SYRUPUSDTshort	+0.0100%	4h	0.2200	−0.100%	$8.9M	$7.5M	25x
Bybit SYRUPUSDT	+0.0100%	4h	0.2203	+0.064%	$2.2M	$2.2M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2200	−0.095%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDTlong	+0.0100%	8h	0.2202	long leg	$405K	$65K	25x
MEXC SYRUP_USDT	+0.0100%	4h	0.2200	−0.095%	$2.8M	$425K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2204	+0.091%	$1.8M	$151K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDT	+0.0100%	4h	0.2204	+0.086%	$697K	$509K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2202	−0.023%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2208	+0.275%	$157K	$27K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2200	−0.100%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0314% / S −0.1301%	1h	0.2201	−0.042%	$2K	—	50x	as long as short
Hyperliquid SYRUP	+0.0314%	1h	0.2206	+0.163%	$5.4M	$1.9M	3x	as long as short