Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h —

Price spread now: BloFin against Reya−0.101%46s7-day average — · you buy dearer than you sell

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

Long on Reya Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.101% cheaper against Reya than usual: you would sell low and buy high, −$10 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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	Reya SYRUPRUSDPERP	0.2309	0.0149	pay 0.0019% / 1h	44m 25s	—	—	5x
Short	BloFin SYRUP-USDT	0.2307	0.0150	get 0.0075% / 4h	44m 25s	$459K	$133K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Reya. 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 ReyabpFee BloFinbpOrdersPrice spread, now −0.101%Rate

Funding earned: $0.17
Price spread: −0.101% → 0.000%: −$10.07
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$27.9
Costs to cover: 0.180%
Break-even: 1190.7 days

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 31 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 Reya no order-book sample	—	—	—	—	—
Sell BloFin live order book, 31 min ago	0.44 bp	22.9 bp −$23	doesn't fit	doesn't fit	doesn't fit

Reya: 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
Lighter SYRUP	+0.0096%	1h	0.2312	+0.133%	$210K	$220K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2307	−0.103%	$13K	$62K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2307	−0.087%	$9.6M	$6.6M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2309	−0.005%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2308	−0.057%	$1.2M	$1.0M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2308	−0.057%	$430K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2306	−0.144%	$3.0M	$581K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2315	+0.263%	$2.0M	$108K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2309	−0.014%	$671K	$440K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2308	−0.044%	—	$6.5M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SYRUP	+0.0100%	4h	0.2310	+0.015%	$166K	$46K	—	as long as short
Reya SYRUPRUSDPERPlong	+0.0149%	1h	0.2309	long leg	—	—	5x
BloFin SYRUP-USDTshort	+0.0150%	4h	0.2307	−0.101%	$459K	$133K	50x
GMX SYRUP/USD [ETH-USDC]	L +0.0330% / S −0.1447%	1h	0.2307	−0.092%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.0683%	1h	0.2308	−0.066%	$41K	$23K	10x	as long as short
Hyperliquid SYRUP	+0.1074%	1h	0.2314	+0.202%	$5.9M	$1.5M	3x	as long as short