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

SYRUP

all SYRUP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.058%
Price spread now: Lighter against Aster+0.175%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 6 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 · Lighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.175% dearer against Aster than usual: you sell high and buy low, +$18 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SYRUPUSDT0.22000.0100pay 0.0050% / 4h2h 00m$14K$69K10x
ShortLighter SYRUP0.22040.0096get 0.0012% / 1h0m 11s$205K$220K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
−$0.84
Price spread: +0.175% → 0.000%
$17.54
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$8.7
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; Lighter: live order book, 30 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 Lighter live order book, 30 min ago11.62 bp35.3 bp −$35doesn'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
Kraken Futures PF_SYRUPUSD−0.0417%1h0.2199−0.033%$39K$24K10xas long as short
Lighter SYRUPshort+0.0096%1h0.2204+0.175%$205K$220K5x
Hyperliquid SYRUP+0.0100%1h0.2203+0.144%$5.4M$1.9M3xas long as short
Aster SYRUPUSDTlong+0.0100%4h0.2200long leg$14K$69K10x
Binance SYRUPUSDT+0.0100%4h0.2199−0.047%$8.9M$7.6M25xas long as short
Bybit SYRUPUSDT+0.0100%4h0.2200+0.016%$2.2M$2.6M25xas long as short
OKX SYRUP-USDT-SWAP+0.0100%4h0.2200+0.012%$1.0M$1.2M20xas long as short
Gate SYRUP_USDT+0.0100%8h0.2198−0.079%$405K$66K25xas long as short
MEXC SYRUP_USDT+0.0100%4h0.2199−0.034%$2.8M$435K100xas long as short
KuCoin SYRUPUSDTM+0.0100%4h0.2201+0.048%$1.9M$157K25xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SYRUPUSDT+0.0100%4h0.2201+0.057%$692K$510K20xas long as short
BingX SYRUP-USDT+0.0100%4h0.2199−0.029%$6.6Mas long as short
Variational Omni SYRUP+0.0100%4h0.2200+0.002%$157K$27Kas long as short
BloFin SYRUP-USDT+0.0138%4h0.2199−0.016%$419K$126K50xas long as short
Reya SYRUPRUSDPERP+0.0149%1h0.2199−0.029%5xas long as short
GMX SYRUP/USD [ETH-USDC]L +0.0313% / S −0.1301%1h0.2199−0.026%$2K50xas long as short