SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.26 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against MEXC+0.039%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.039%, 7d avg −0.004%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.043% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SYRUP_USDT	0.2299	0.0100	pay 0.0050% / 4h	3h 50m	$3.0M	$578K	100x
Short	BloFin SYRUP-USDT	0.2300	0.0152	get 0.0076% / 4h	3h 50m	$456K	$134K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now +0.039%Rate

Funding earned: $10.96
Price spread: +0.039% → −0.004%: $4.31
Slippage, 4 orders: −$24.28
Fee MEXC: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$29.01
Costs to cover: 0.443%
Break-even: 25.5 days

Slippage from MEXC: live order book, 6 min ago; BloFin: live order book, 20 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 MEXC live order book, 6 min ago	2.16 bp	7.9 bp −$8	59.2 bp −$592	299.7 bp −$30.0K	doesn't fit
Sell BloFin live order book, 20 min ago	1.73 bp	11.1 bp −$11	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
Lighter SYRUP	+0.0096%	1h	0.2305	+0.248%	$209K	$217K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2302	+0.122%	$14K	$63K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2300	+0.030%	$9.6M	$6.8M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2301	+0.109%	$2.3M	$2.0M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2299	0.000%	$1.2M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2302	+0.117%	$428K	$68K	25x	as long as short
MEXC SYRUP_USDTlong	+0.0100%	4h	0.2299	long leg	$3.0M	$578K	100x
Bitget SYRUPUSDT	+0.0100%	4h	0.2301	+0.087%	$678K	$454K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2303	+0.170%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2303	+0.191%	$166K	$46K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SYRUPUSDTM	+0.0102%	4h	0.2313	+0.596%	$2.0M	$110K	25x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2301	+0.083%	—	—	5x	as long as short
BloFin SYRUP-USDTshort	+0.0152%	4h	0.2300	+0.039%	$456K	$134K	50x
GMX SYRUP/USD [ETH-USDC]	L +0.0331% / S −0.1447%	1h	0.2300	+0.049%	$3K	—	50x	as long as short
Hyperliquid SYRUP	+0.0361%	1h	0.2304	+0.214%	$5.8M	$1.6M	3x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1570%	1h	0.2302	+0.147%	$41K	$23K	10x	as long as short