Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Gate+0.078%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$501as in the Funding arb table

Net, price: spread back to 7d avg − costs−$496as in the Price arb table

costs, in and out, $10k−$5015.011% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.078%, 7d avg +0.027%

Together, before fees−0.120%−$12 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: OKX is 0.052% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SYRUP_USDT	0.2299	0.0100	pay 0.0100% / 8h	7h 33m	$427K	$68K	25x
Short	OKX SYRUP-USDT-SWAP	0.2301	0.0100	get 0.0050% / 4h	3h 33m	$1.2M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → +0.027%: $5.18
Slippage, 4 orders: −$476.06
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$495.88
Costs to cover: 5.011%
Break-even: never at this rate

Slippage from Gate: live order book, 37 min ago; OKX: live order book, 3 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, 37 min ago	17.33 bp	216.8 bp −$217	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	4.35 bp	35.4 bp −$35	416.3 bp −$4,163	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
BloFin SYRUP-USDT	+0.0067%	4h	0.2296	−0.161%	$456K	$133K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2302	+0.139%	$209K	$217K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2299	−0.016%	$14K	$63K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2298	−0.048%	$9.6M	$6.8M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2299	−0.009%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAPshort	+0.0100%	4h	0.2301	+0.078%	$1.2M	$1.1M	20x
Gate SYRUP_USDTlong	+0.0100%	8h	0.2299	long leg	$427K	$68K	25x
MEXC SYRUP_USDT	+0.0100%	4h	0.2297	−0.096%	$3.0M	$579K	100x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2299	−0.009%	$677K	$450K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2298	−0.030%	—	$6.5M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SYRUP	+0.0100%	4h	0.2303	+0.150%	$166K	$46K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2299	−0.022%	—	—	5x	as long as short
KuCoin SYRUPUSDTM	+0.0164%	4h	0.2306	+0.300%	$2.0M	$112K	25x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0330% / S −0.1447%	1h	0.2298	−0.065%	$3K	—	50x	as long as short
Hyperliquid SYRUP	+0.0543%	1h	0.2302	+0.132%	$5.8M	$1.6M	3x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1571%	1h	0.2301	+0.085%	$41K	$23K	10x	as long as short