SYRUP

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.047%

7d average—if it closes, per $10,000$5funding while held, a day−$6.95

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SYRUP/USD [ETH-USDC]	0.2302	L +0.0332% / S −0.1447%	pay 0.0041% / 1h	15m 10s	$3K	—	50x
Short	Variational Omni SYRUP	0.2303	0.0100	get 0.0050% / 4h	1h 15m	$164K	$53K	—

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee GMXbpFee Variational OmnibpOrdersClose when spread is

Spread captured: $4.69
Funding while held: −$6.95
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.26
Spread needed to break even: 0.120%

Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 20 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0232%
Per $10,000 a day: −$6.95
Average in range /8h: —

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 GMX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 20 min ago	6.54 bp	doesn't fit	189.7 bp −$1,897	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SYRUP price on every exchange

against the cheapest. Click to use as the short leg.

MEXC0.2299cheapest Binance0.2300+0.026%Kraken Futures0.2300+0.032%OKX0.2300+0.043%Gate0.2300+0.043%Lighter0.2300+0.048%Bitget0.2301+0.087%BingX0.2301+0.087%

GMX0.2302+0.120%

Bybit0.2302+0.126%Aster0.2302+0.137%Reya0.2303+0.167%

Variational Omni0.2303+0.167%

BloFin0.2304+0.217%KuCoin0.2304+0.226%Hyperliquid0.2309+0.418%

SYRUP on 16 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC SYRUP_USDT	−0.119%	+0.0100%	4h	$3.2M	$590K	100x	as long as short
Binance SYRUPUSDT	−0.093%	+0.0100%	4h	$9.7M	$5.8M	25x	as long as short
Kraken Futures PF_SYRUPUSD	−0.088%	−0.2687%	1h	$41K	$25K	10x	as long as short
OKX SYRUP-USDT-SWAP	−0.076%	+0.0100%	4h	$1.2M	$929K	20x	as long as short
Gate SYRUP_USDT	−0.076%	+0.0100%	8h	$431K	$63K	25x	as long as short
Lighter SYRUP	−0.072%	+0.0096%	1h	$166K	$194K	5x	as long as short
Bitget SYRUPUSDT	−0.033%	+0.0100%	4h	$665K	$425K	20x	as long as short
BingX SYRUP-USDT	−0.033%	+0.0100%	4h	—	$6.6M	—	as long as short
GMX SYRUP/USD [ETH-USDC]long	0.000%	L +0.0332% / S −0.1447%	1h	$3K	—	50x
Bybit SYRUPUSDT	+0.007%	+0.0100%	4h	$2.3M	$1.6M	25x	as long as short

Show all 16 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aster SYRUPUSDT	+0.017%	+0.0100%	4h	$11K	$61K	10x	as long as short
Reya SYRUPRUSDPERP	+0.047%	+0.0149%	1h	—	—	5x	as long as short
Variational Omni SYRUPshort	+0.047%	+0.0100%	4h	$164K	$53K	—
BloFin SYRUP-USDT	+0.098%	+0.0122%	4h	$484K	$129K	50x	as long as short
KuCoin SYRUPUSDTM	+0.106%	+0.0100%	4h	$1.9M	$83K	25x	as long as short
Hyperliquid SYRUP	+0.298%	+0.0728%	1h	$5.6M	$1.3M	3x	as long as short