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

SYN

All SYN markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Kraken FuturesPF_SYNUSD
0.1458+0.0573pay 0.0072% / 1h6m 18s$122K$74K20xLong Kraken Futures
SHORT
AsterSYNUSDT
0.1453+0.0100get 0.0050% / 4h2h 06m$2.4M$187K5xShort Aster≤10% back
Price gap−0.338%
Funding gap−0.0473% /8h

Both sides work against this direction now: funding costs $14 a day on $10k and the gap is 0.579% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$108−0.0473% /8h now · paid −1.085% over the last 7D
Price−$58spread −0.338% now, avg +0.242% → −0.579% if it goes back
Costs−$2262.256% of $10k · taker + slippage, in and out
Result−$392−3.92%+ Points / potential airdropAster: Stage 5 · farm board

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.338%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SYN on 8 exchanges

lowest funding first

Before you open

1 ok · 5 to watch
  • Watch: Thin at this size42.5 / 32.5 bp
    At $10k entering Kraken Futures costs 42.5 bp, fee and slippage, 1.3× Aster’s.
  • Note: Margin at max leverage$500 + $2,000
    Kraken Futures 20x, Aster 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 4h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$14.18Long Kraken Futures: 24 payments, −$17.18; short Aster: 6 payments, +$3.00.
  • Watch: Gap narrower than usual−0.338% vs +0.242%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$122K vs $2.4M OI
    Kraken Futures sets your exit cost. Check its book before closing.
  • OK: Points on a legAster Stage 5
    Volume here counts toward the points program.
  • Watch: KYCKraken Futures Yes · Aster No
    Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0517%/8h × 21 periods−$108.49
Price spread−0.338% → +0.242% (7d avg)−$57.94
Slippage, 4 orderslive order books−$207.59
Fee Kraken Futures bp × 2 orders−$10.00
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k−$392.02
Costs to cover2.256%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 29 min ago; Aster: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGKraken Futures21.2442.5 bp−$42doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTAster10.3032.5 bp−$33doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

SYN news

posts that mention SYN, from every exchange
09-18 12:48PhemexListing$SYN @SynapseProtocol is now live on Phemex Futures 🔹 Max Leverage: Up to 20x Trade: @Phemex_official on X ↗