Funding you earn now, next payment 22:00 UTC+0.0420%/8h= +46.0% APRpaid last 24h +0.066%
Price spread now: Lighter against Gate0.000%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$516as in the Funding arb table
Net, price: spread back to 7d avg − costs−$533as in the Price arb table
costs, in and out, $10k−$5245.237% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 4 days (all we have)+0.174%+$17 · spread now 0.000%, 7d avg +0.092%
=Together, before fees+0.246%+ Points / potential airdropLighter: Season 3 · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.092% cheaper against Gate than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.092%). If the spread goes back, that is −$9 on $10k: about 18 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.072% in total) that is about 9.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SYRUP_USDT | 0.2309 | 0.0100 | pay 0.0100% / 8h | 2h 50m | $432K | $64K | 25x |
| Short | Lighter SYRUP | 0.2309 | 0.0520 | get 0.0065% / 1h | 50m 42s | $209K | $225K | 5x |
Gate SYRUP_USDT
Lighter SYRUPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- $88.2
- Price spread: 0.000% → +0.092%
- −$9.23
- Slippage, 4 orders
- −$508.67
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$444.69
- Costs to cover
- 5.237%
- Break-even
- 42.3 days
Slippage from Gate: live order book, 34 min ago; Lighter: live order book, 31 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 Gate live order book, 34 min ago | 14.63 bp | 277.2 bp −$277 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 31 min ago | 0.43 bp | 0.4 bp $0 | 44.7 bp −$447 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SYRUP-USDT | +0.0041% | 4h | 0.2306 | −0.100% | $472K | $131K | 50x | as long as short |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2307 | −0.062% | $11K | $59K | 10x | as long as short |
| Binance SYRUPUSDT | +0.0100% | 4h | 0.2305 | −0.135% | $9.7M | $6.2M | 25x | as long as short |
| Bybit SYRUPUSDT | +0.0100% | 4h | 0.2306 | −0.091% | $2.3M | $1.8M | 25x | as long as short |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2304 | −0.199% | $1.2M | $968K | 20x | as long as short |
| Gate SYRUP_USDTlong | +0.0100% | 8h | 0.2309 | long leg | $432K | $64K | 25x | |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2306 | −0.113% | $3.1M | $565K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2310 | +0.065% | $2.0M | $109K | 25x | as long as short |
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2306 | −0.113% | $667K | $409K | 20x | as long as short |
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2307 | −0.061% | — | $6.5M | — | as long as short |
BloFin SYRUP-USDT
Aster SYRUPUSDT
Binance SYRUPUSDT
Bybit SYRUPUSDT
OKX SYRUP-USDT-SWAP
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 | 0.2327 | +0.810% | $167K | $48K | — | as long as short |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2307 | −0.088% | — | — | 5x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0331% / S −0.1447% | 1h | 0.2306 | −0.118% | $3K | — | 50x | as long as short |
| Lighter SYRUPshort | +0.0520% | 1h | 0.2309 | 0.000% | $209K | $225K | 5x | |
| Kraken Futures PF_SYRUPUSD | +0.0979% | 1h | 0.2307 | −0.091% | $42K | $25K | 10x | as long as short |
| Hyperliquid SYRUP | +0.1402% | 1h | 0.2313 | +0.182% | $5.8M | $1.3M | 3x | as long as short |
Variational Omni SYRUP
Reya SYRUPRUSDPERP
GMX SYRUP/USD [ETH-USDC]
Kraken Futures PF_SYRUPUSD
Hyperliquid SYRUP