Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1201%/8h= +131.5% APRpaid last 24h +0.397%

Price spread now: GMX against Aster+0.053%7-day average — · you sell dearer than you buy

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and GMX is 0.053% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SYRUPUSDT	0.2198	0.0100	pay 0.0050% / 4h	2h 41m	$14K	$68K	10x
Short	GMX SYRUP/USD [ETH-USDC]	0.2199	L +0.0314% / S −0.1301%	get 0.0163% / 1h	41m 36s	$2K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee GMXbpOrdersPrice spread, now +0.053%Rate

Funding earned: $252.18
Price spread: +0.053% → 0.000%: $5.34
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $237.53
Costs to cover: 0.200%
Break-even: 0.4 days

Slippage unknown: Aster: no order-book sample; 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 Aster no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Aster and 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	−0.0418%	1h	0.2194	−0.168%	$39K	$24K	10x	as long as short
BloFin SYRUP-USDT	+0.0077%	4h	0.2194	−0.172%	$421K	$126K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2202	+0.178%	$205K	$219K	5x	as long as short
Aster SYRUPUSDTlong	+0.0100%	4h	0.2198	long leg	$14K	$68K	10x
Binance SYRUPUSDT	+0.0100%	4h	0.2198	−0.008%	$8.9M	$7.6M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2199	+0.037%	$2.2M	$2.4M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2198	+0.010%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2193	−0.213%	$404K	$65K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2197	−0.036%	$2.8M	$423K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2203	+0.219%	$1.8M	$151K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDT	+0.0100%	4h	0.2198	+0.010%	$692K	$514K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2197	−0.036%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2202	+0.170%	$157K	$27K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2198	−0.004%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0294%	1h	0.2202	+0.187%	$5.4M	$1.9M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]short	L +0.0314% / S −0.1301%	1h	0.2199	+0.053%	$2K	—	50x