Settings8H · net · $10k
Funding arb · Price arb /

SYN

all SYN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0736%/8h= +80.5% APRpaid last 24h +0.017%
Price spread now: Aster against Kraken Futures+0.259%7-day average +0.146% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1831.827% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+1.443%+$144 on $10k
Price spread, last 3 days (all we have)−0.523%−$52 · spread now +0.259%, 7d avg +0.146%
Together, before fees+0.921%+ Points / potential airdropAster: Stage 5 · farm board+$92 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Aster is 0.113% dearer against Kraken Futures than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.146%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_SYNUSD0.23590.0460pay 0.0057% / 1h9m 08s$190K$579K10x
ShortAster SYNUSDT0.23650.1195get 0.0598% / 4h2h 09m$2.6M$813K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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

Funding earned
$154.47
Price spread: +0.259% → +0.146%
$11.29
Slippage, 4 orders
−$164.69
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$16.93
Costs to cover
1.827%
Break-even
7.8 days
Slippage from Kraken Futures: live order book, 59 min ago; Aster: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 59 min ago24.78 bp38.2 bp −$38206.5 bp −$2,065doesn't fitdoesn't fit
Sell Aster live order book, 4 min ago6.27 bp29.0 bp −$29doesn't fitdoesn't fitdoesn't fit

SYN on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SYNUSDT+0.0100%4h0.2362+0.117%$1.3M$3.2M10xas long as short
Orderly PERP_SYN_USDC_mythos+0.0100%4h0.2364+0.189%$4K$40K10xas long as short
Phemex SYNUSDT+0.0100%4h0.2361+0.075%$1.5M$1.8M50xas long as short
Binance SYNUSDT+0.0166%4h0.2363+0.158%$11.9M$41.2M10xas long as short
MEXC SYN_USDT+0.0172%4h0.2362+0.121%$2.7M$7.6M50xas long as short
BingX SYN-USDT+0.0190%4h0.2360+0.041%$3.2Mas long as short
Kraken Futures PF_SYNUSDlong+0.0460%1h0.2359long leg$190K$579K10x
Aster SYNUSDTshort+0.1195%4h0.2365+0.259%$2.6M$813K5x