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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against MEXC+0.083%7-day average +0.106% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.083%, 7d avg +0.106%

Together, before fees+0.069%+ Points / potential airdropVariational Omni: Active · farm board+$7 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: Variational Omni is 0.023% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SYRUP_USDT	0.2216	0.0100	pay 0.0050% / 4h	19m 00s	$2.8M	$425K	100x
Short	Variational Omni SYRUP	0.2218	0.0100	get 0.0050% / 4h	19m 00s	$158K	$31K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → +0.106%: −$2.28
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.28
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; Variational Omni: RFQ quote, 40 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 MEXC live order book, 3 min ago	2.25 bp	9.5 bp −$10	63.0 bp −$630	293.8 bp −$29.4K	doesn't fit
Sell Variational Omni RFQ quote, 40 min ago	6.75 bp	doesn't fit	168.7 bp −$1,687	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	−0.0802%	1h	0.2218	+0.104%	$40K	$24K	10x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2219	+0.140%	$205K	$219K	5x	as long as short
Hyperliquid SYRUP	+0.0100%	1h	0.2221	+0.248%	$5.5M	$1.9M	3x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2215	−0.040%	$14K	$69K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2215	−0.037%	$9.0M	$7.3M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2215	−0.023%	$2.2M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2214	−0.090%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2214	−0.081%	$408K	$70K	25x	as long as short
MEXC SYRUP_USDTlong	+0.0100%	4h	0.2216	long leg	$2.8M	$425K	100x
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2220	+0.158%	$1.9M	$152K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDT	+0.0100%	4h	0.2217	+0.045%	$699K	$508K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2216	−0.014%	—	$6.6M	—	as long as short
Variational Omni SYRUPshort	+0.0100%	4h	0.2218	+0.083%	$158K	$31K	—
BloFin SYRUP-USDT	+0.0105%	4h	0.2216	−0.018%	$428K	$128K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2216	+0.011%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0329% / S −0.1447%	1h	0.2216	−0.011%	$3K	—	50x	as long as short