Funding you earn now, next payment 21:00 UTC−0.1001%/8h= −109.7% APRpaid last 24h −1.278%
Price spread now: BloFin against Kraken Futures−0.040%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and BloFin is 0.040% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SYRUPUSD | 0.2336 | 0.1086 | pay 0.0136% / 1h | 30m 14s | $42K | $25K | 10x |
| Short | BloFin SYRUP-USDT | 0.2335 | 0.0084 | get 0.0042% / 4h | 3h 30m | $476K | $132K | 50x |
Kraken Futures PF_SYRUPUSD
BloFin SYRUP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Kraken Futures. 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
- −$210.29
- Price spread: −0.040% → 0.000%
- −$4.02
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$236.31
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 16 min ago. Net counts fees only.
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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 16 min ago | 0.65 bp | 24.2 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
Kraken Futures: 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 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-USDTshort | +0.0084% | 4h | 0.2335 | −0.040% | $476K | $132K | 50x | |
| Lighter SYRUP | +0.0096% | 1h | 0.2336 | −0.019% | $165K | $179K | 5x | as long as short |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2335 | −0.050% | $11K | $62K | 10x | as long as short |
| Binance SYRUPUSDT | +0.0100% | 4h | 0.2333 | −0.109% | $9.8M | $5.9M | 25x | as long as short |
| Bybit SYRUPUSDT | +0.0100% | 4h | 0.2336 | −0.010% | $2.3M | $1.7M | 25x | as long as short |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2335 | −0.044% | $1.2M | $960K | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2333 | −0.113% | $436K | $64K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2334 | −0.087% | $3.2M | $576K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2338 | +0.067% | $2.0M | $109K | 25x | as long as short |
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2333 | −0.130% | $674K | $405K | 20x | as long as short |
Lighter SYRUP
Aster SYRUPUSDT
Binance SYRUPUSDT
Bybit SYRUPUSDT
OKX SYRUP-USDT-SWAP
Gate SYRUP_USDT
MEXC SYRUP_USDT
KuCoin SYRUPUSDTM
Bitget SYRUPUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2335 | −0.040% | — | $6.6M | — | as long as short |
| Variational Omni SYRUP | +0.0100% | 4h | 0.2339 | +0.145% | $167K | $49K | — | as long as short |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2337 | +0.022% | — | — | 5x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0331% / S −0.1447% | 1h | 0.2335 | −0.053% | $3K | — | 50x | as long as short |
| Hyperliquid SYRUP | +0.1052% | 1h | 0.2343 | +0.298% | $5.8M | $1.3M | 3x | as long as short |
| Kraken Futures PF_SYRUPUSDlong | +0.1086% | 1h | 0.2336 | long leg | $42K | $25K | 10x |
BingX SYRUP-USDT
Variational Omni SYRUP
Reya SYRUPRUSDPERP
GMX SYRUP/USD [ETH-USDC]
Hyperliquid SYRUP