Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+1.3760%/8h= +1506.7% APRpaid last 24h +0.127%

Price spread now: Kraken Futures against Aster−0.094%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Kraken Futures is 0.094% cheaper against Aster than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about under an hour of funding at the current rate (+$413 a day).

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	1h 57m	$16K	$75K	10x
Short	Kraken Futures PF_SYRUPUSD	0.2196	1.3860	get 0.1733% / 1h	57m 55s	$42K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.094%Rate

Funding earned: $2,889.6
Price spread: −0.094% → 0.000%: −$9.45
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $2,862.16
Costs to cover: 0.180%
Break-even: 0.1 days

Slippage unknown: Aster: no order-book sample; Kraken Futures: 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 Kraken Futures no order-book sample	—	—	—	—	—

Aster and Kraken Futures: 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 exchanges

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
Lighter SYRUP	+0.0096%	1h	0.2202	+0.164%	$200K	$186K	5x	as long as short
Aster SYRUPUSDTlong	+0.0100%	4h	0.2198	long leg	$16K	$75K	10x
Binance SYRUPUSDT	+0.0100%	4h	0.2198	−0.021%	$8.9M	$6.7M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2199	+0.041%	$2.1M	$2.3M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2195	−0.154%	$1.1M	$1.0M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2199	+0.032%	$404K	$53K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2198	−0.018%	$2.9M	$394K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2206	+0.342%	$1.9M	$148K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2200	+0.073%	$698K	$469K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2199	+0.014%	—	$6.5M	—	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SYRUP	+0.0100%	4h	0.2197	−0.064%	$158K	$18K	—	as long as short
BloFin SYRUP-USDT	+0.0125%	4h	0.2200	+0.069%	$415K	$154K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2198	−0.024%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0313% / S −0.1301%	1h	0.2200	+0.096%	$2K	—	50x	as long as short
Hyperliquid SYRUP	+0.0439%	1h	0.2203	+0.211%	$5.5M	$1.8M	3x	as long as short
Kraken Futures PF_SYRUPUSDshort	+1.3860%	1h	0.2196	−0.094%	$42K	$19K	10x