Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Variational Omni+1.630%7-day average −0.076% · you sell dearer than you buy

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%−$1 on $10k

Price spread, last 3 days (all we have)−1.589%−$159 · spread now +1.630%, 7d avg −0.076%

Together, before fees−1.594%+ Points / potential airdropVariational Omni: Active · farm board−$159 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: Gate is 1.706% dearer against Variational Omni than usual: you sell high and buy low, +$171 on $10k if it goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SYRUP	0.2301	0.0100	pay 0.0050% / 4h	2h 26m	$165K	$48K	—
Short	Gate SYRUP_USDT	0.2338	0.0100	get 0.0100% / 8h	2h 26m	$437K	$66K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Variational Omni. 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 Variational OmnibpFee GatebpOrdersPrice spread, now +1.630%Rate

Funding earned: $0
Price spread: +1.630% → −0.076%: $170.64
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $155.64
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 63 min ago; Gate: live order book, 59 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 Variational Omni RFQ quote, 63 min ago	6.43 bp	doesn't fit	169.3 bp −$1,693	doesn't fit	doesn't fit
Sell Gate live order book, 59 min ago	14.63 bp	229.1 bp −$229	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	0.2343	+1.813%	$212K	$225K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2335	+1.498%	$11K	$61K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2338	+1.632%	$9.8M	$6.3M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2338	+1.630%	$2.4M	$1.8M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2340	+1.704%	$1.2M	$993K	20x	as long as short
Gate SYRUP_USDTshort	+0.0100%	8h	0.2338	+1.630%	$437K	$66K	25x
MEXC SYRUP_USDT	+0.0100%	4h	0.2337	+1.574%	$3.2M	$567K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2346	+1.978%	$2.1M	$107K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2340	+1.704%	$702K	$424K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2338	+1.604%	—	$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 SYRUPlong	+0.0100%	4h	0.2301	long leg	$165K	$48K	—
BloFin SYRUP-USDT	+0.0116%	4h	0.2328	+1.165%	$467K	$133K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2336	+1.540%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0332% / S −0.1447%	1h	0.2338	+1.605%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.0963%	1h	0.2347	+1.998%	$42K	$24K	10x	as long as short
Hyperliquid SYRUP	+0.1225%	1h	0.2345	+1.934%	$5.9M	$1.4M	3x	as long as short