Funding you earn now, next payment 04:00 UTC+0.1347%/8h= +147.5% APRpaid last 24h +0.429%
Price spread now: GMX against Variational Omni+0.176%50s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and GMX is 0.176% dearer against Variational Omni than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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 | Variational Omni SYRUP | 0.2216 | 0.0100 | pay 0.0050% / 4h | 24m 30s | $158K | $31K | — |
| Short | GMX SYRUP/USD [ETH-USDC] | 0.2220 | L +0.0329% / S −0.1447% | get 0.0181% / 1h | 24m 30s | $3K | — | 50x |
Variational Omni SYRUP
GMX SYRUP/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Variational Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $282.92
- Price spread: +0.176% → 0.000%
- $17.55
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $288.48
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 34 min ago; GMX: no order-book sample. 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, 34 min ago | 6.75 bp | doesn't fit | 218.1 bp −$2,181 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SYRUPUSD | −0.0802% | 1h | 0.2220 | +0.160% | $40K | $24K | 10x | as long as short |
| Lighter SYRUP | +0.0096% | 1h | 0.2222 | +0.271% | $205K | $219K | 5x | as long as short |
| Hyperliquid SYRUP | +0.0100% | 1h | 0.2224 | +0.361% | $5.5M | $1.9M | 3x | as long as short |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2218 | +0.089% | $14K | $69K | 10x | as long as short |
| Binance SYRUPUSDT | +0.0100% | 4h | 0.2218 | +0.088% | $9.0M | $7.3M | 25x | as long as short |
| Bybit SYRUPUSDT | +0.0100% | 4h | 0.2219 | +0.149% | $2.2M | $2.1M | 25x | as long as short |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2218 | +0.086% | $1.1M | $1.1M | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2215 | −0.058% | $409K | $70K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2219 | +0.131% | $2.8M | $425K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2224 | +0.361% | $1.9M | $152K | 25x | as long as short |
Kraken Futures PF_SYRUPUSD
Lighter SYRUP
Hyperliquid SYRUP
Aster SYRUPUSDT
Binance SYRUPUSDT
Bybit SYRUPUSDT
OKX SYRUP-USDT-SWAP
Gate SYRUP_USDT
MEXC SYRUP_USDT
KuCoin SYRUPUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2219 | +0.131% | $700K | $508K | 20x | as long as short |
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2219 | +0.145% | — | $6.6M | — | as long as short |
| Variational Omni SYRUPlong | +0.0100% | 4h | 0.2216 | long leg | $158K | $31K | — | |
| BloFin SYRUP-USDT | +0.0131% | 4h | 0.2217 | +0.037% | $430K | $129K | 50x | as long as short |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2219 | +0.127% | — | — | 5x | as long as short |
| GMX SYRUP/USD [ETH-USDC]short | L +0.0329% / S −0.1447% | 1h | 0.2220 | +0.176% | $3K | — | 50x |
Bitget SYRUPUSDT
BingX SYRUP-USDT
BloFin SYRUP-USDT
Reya SYRUPRUSDPERP