Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.065%
Price spread now: Lighter against Binance+0.227%7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1141.143% of the position
Funding, last 7 days+0.084%+$8 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.227%, 7d avg +0.114%
=Together, before fees+0.093%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.113% dearer against Binance than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.114%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SYRUPUSDT | 0.2307 | 0.0100 | pay 0.0050% / 4h | 4m 44s | $9.6M | $6.7M | 25x |
| Short | Lighter SYRUP | 0.2313 | 0.0096 | get 0.0012% / 1h | 4m 44s | $210K | $220K | 5x |
Binance SYRUPUSDT
Lighter SYRUPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: +0.227% → +0.114%
- $11.33
- Slippage, 4 orders
- −$104.27
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$103.78
- Costs to cover
- 1.143%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Lighter: live order book, 56 min ago.
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 Binance live order book, 5 min ago | 1.74 bp | 33.9 bp −$34 | 158.3 bp −$1,583 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 56 min ago | 13.89 bp | 38.3 bp −$38 | 820.9 bp −$8,209 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter SYRUPshort | +0.0096% | 1h | 0.2313 | +0.227% | $210K | $220K | 5x | |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2306 | −0.049% | $14K | $63K | 10x | as long as short |
| Binance SYRUPUSDTlong | +0.0100% | 4h | 0.2307 | long leg | $9.6M | $6.7M | 25x | |
| Bybit SYRUPUSDT | +0.0100% | 4h | 0.2308 | +0.040% | $2.3M | $1.9M | 25x | as long as short |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2308 | +0.032% | $1.2M | $1.1M | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2305 | −0.090% | $429K | $69K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2307 | −0.012% | $3.0M | $583K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2313 | +0.227% | $2.0M | $110K | 25x | as long as short |
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2308 | +0.032% | $680K | $454K | 20x | as long as short |
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2307 | +0.001% | — | $6.5M | — | as long as short |
Aster SYRUPUSDT
Bybit SYRUPUSDT
OKX SYRUP-USDT-SWAP
Gate SYRUP_USDT
MEXC SYRUP_USDT
KuCoin SYRUPUSDTM
Bitget SYRUPUSDT
BingX SYRUP-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SYRUP | +0.0100% | 4h | 0.2305 | −0.081% | $166K | $46K | — | as long as short |
| BloFin SYRUP-USDT | +0.0130% | 4h | 0.2306 | −0.046% | $456K | $135K | 50x | as long as short |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2307 | −0.003% | — | — | 5x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0331% / S −0.1447% | 1h | 0.2306 | −0.034% | $3K | — | 50x | as long as short |
| Kraken Futures PF_SYRUPUSD | +0.0682% | 1h | 0.2310 | +0.114% | $42K | $23K | 10x | as long as short |
| Hyperliquid SYRUP | +0.1082% | 1h | 0.2311 | +0.179% | $5.9M | $1.6M | 3x | as long as short |
Variational Omni SYRUP
BloFin SYRUP-USDT
Reya SYRUPRUSDPERP
GMX SYRUP/USD [ETH-USDC]
Kraken Futures PF_SYRUPUSD
Hyperliquid SYRUP