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

SYRUP

all SYRUP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.1329%/8h= +145.5% APRpaid last 24h +0.179%
Price spread now: Hyperliquid against Aster+0.191%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and Hyperliquid is 0.191% dearer against Aster than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SYRUPUSDT0.23030.0100pay 0.0050% / 4h2h 41m$11K$59K10x
ShortHyperliquid SYRUP0.23070.1429get 0.0179% / 1h41m 44s$5.7M$1.3M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$279.06
Price spread: +0.191% → 0.000%
$19.09
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$281.15
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Hyperliquid live order book, 10 min ago0.65 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Aster: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter SYRUP+0.0096%1h0.2307+0.169%$209K$225K5xas long as short
Aster SYRUPUSDTlong+0.0100%4h0.2303long leg$11K$59K10x
Binance SYRUPUSDT+0.0100%4h0.2302−0.035%$9.7M$6.2M25xas long as short
Bybit SYRUPUSDT+0.0100%4h0.23030.000%$2.3M$1.8M25xas long as short
OKX SYRUP-USDT-SWAP+0.0100%4h0.2304+0.056%$1.2M$964K20xas long as short
Gate SYRUP_USDT+0.0100%8h0.2301−0.057%$431K$64K25xas long as short
MEXC SYRUP_USDT+0.0100%4h0.2302−0.031%$3.1M$566K100xas long as short
KuCoin SYRUPUSDTM+0.0100%4h0.2307+0.169%$2.0M$105K25xas long as short
Bitget SYRUPUSDT+0.0100%4h0.2305+0.100%$672K$409K20xas long as short
BingX SYRUP-USDT+0.0100%4h0.2303+0.013%$6.5Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SYRUP+0.0100%4h0.2304+0.063%$165K$48Kas long as short
BloFin SYRUP-USDT+0.0125%4h0.2302−0.039%$473K$131K50xas long as short
Reya SYRUPRUSDPERP+0.0149%1h0.2304+0.041%5xas long as short
GMX SYRUP/USD [ETH-USDC]L +0.0331% / S −0.1447%1h0.2301−0.076%$3K50xas long as short
Kraken Futures PF_SYRUPUSD+0.0979%1h0.2308+0.245%$42K$24K10xas long as short
Hyperliquid SYRUPshort+0.1429%1h0.2307+0.191%$5.7M$1.3M3x