Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against OKX+0.169%7-day average +0.049% · you sell dearer than you buy

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.169%, 7d avg +0.049%

Together, before fees−0.086%+ Points / potential airdropVariational Omni: Active · farm board−$9 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 0.119% dearer against OKX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SYRUP-USDT-SWAP	0.2199	0.0100	pay 0.0050% / 4h	3h 27m	$1.0M	$1.1M	20x
Short	Variational Omni SYRUP	0.2203	0.0100	get 0.0050% / 4h	3h 27m	$157K	$26K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now +0.169%Rate

Funding earned: $0
Price spread: +0.169% → +0.049%: $11.94
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $1.94
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 4 min ago; Variational Omni: RFQ quote, 27 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 OKX live order book, 4 min ago	2.27 bp	29.9 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 27 min ago	6.79 bp	doesn't fit	346.2 bp −$3,462	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	−0.0049%	1h	0.2201	+0.089%	$40K	$22K	10x	as long as short
BloFin SYRUP-USDT	+0.0062%	4h	0.2199	+0.009%	$424K	$128K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2202	+0.150%	$203K	$218K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2202	+0.134%	$14K	$68K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2199	+0.016%	$8.9M	$7.4M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2202	+0.150%	$2.1M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAPlong	+0.0100%	4h	0.2199	long leg	$1.0M	$1.1M	20x
Gate SYRUP_USDT	+0.0100%	8h	0.2202	+0.141%	$405K	$65K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2199	0.000%	$2.8M	$424K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2202	+0.136%	$1.8M	$151K	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	0.2203	+0.182%	$694K	$500K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2199	+0.014%	—	$6.5M	—	as long as short
Variational Omni SYRUPshort	+0.0100%	4h	0.2203	+0.169%	$157K	$26K	—
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2200	+0.037%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0282%	1h	0.2203	+0.191%	$5.4M	$1.9M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0314% / S −0.1301%	1h	0.2201	+0.086%	$2K	—	50x	as long as short