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: KuCoin against Gate+0.319%7-day average +0.176% · you sell dearer than you buy

Net, funding: paid 7d − costs−$979as in the Funding arb table

Net, price: spread back to 7d avg − costs−$965as in the Price arb table

costs, in and out, $10k−$9809.797% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.319%, 7d avg +0.176%

Together, before fees−0.029%−$3 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: KuCoin is 0.142% dearer against Gate than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.176%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SYRUP_USDT	0.2198	0.0100	pay 0.0100% / 8h	3h 21m	$405K	$65K	25x
Short	KuCoin SYRUPUSDTM	0.2205	0.0100	get 0.0050% / 4h	3h 21m	$1.8M	$151K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.319%Rate

Funding earned: $0
Price spread: +0.319% → +0.176%: $14.24
Slippage, 4 orders: −$952.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$965.44
Costs to cover: 9.797%
Break-even: never at this rate

Slippage from Gate: live order book, 29 min ago; KuCoin: live order book, 4 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, 29 min ago	21.65 bp	219.3 bp −$219	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	25.83 bp	351.0 bp −$351	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	−0.0049%	1h	0.2199	+0.039%	$39K	$23K	10x	as long as short
BloFin SYRUP-USDT	+0.0088%	4h	0.2198	0.000%	$422K	$128K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2201	+0.150%	$204K	$218K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2200	+0.119%	$14K	$68K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2198	+0.014%	$8.9M	$7.4M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2200	+0.123%	$2.1M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2196	−0.077%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDTlong	+0.0100%	8h	0.2198	long leg	$405K	$65K	25x
MEXC SYRUP_USDT	+0.0100%	4h	0.2197	−0.032%	$2.8M	$424K	100x	as long as short
KuCoin SYRUPUSDTMshort	+0.0100%	4h	0.2205	+0.319%	$1.8M	$151K	25x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDT	+0.0100%	4h	0.2200	+0.105%	$693K	$500K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2200	+0.086%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2200	+0.125%	$157K	$26K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2198	+0.009%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0194%	1h	0.2202	+0.193%	$5.4M	$1.9M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0314% / S −0.1301%	1h	0.2198	+0.010%	$2K	—	50x	as long as short