SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0230%/8h= −25.1% APRnext payment −$0.29 per $10,000 · paid last 24h +0.126%

Price spread now: Hyperliquid against GMX+0.101%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.101% dearer against GMX than usual: you sell high and buy low (spread +0.101% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SYRUP/USD [ETH-USDC]	0.2261	L +0.0330% / S −0.1447%	pay 0.0041% / 1h	55m 40s	$3K	—	50x
Short	Hyperliquid SYRUP	0.2264	0.0100	get 0.0013% / 1h	55m 40s	$5.7M	$1.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against GMX. 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 GMXbpFee HyperliquidbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$48.21
Price spread: +0.101% → 0.000%: $10.13
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$59.09
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 6 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 6 min ago	1.75 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

GMX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SYRUP-USDT	+0.0058%	4h	0.2265	+0.168%	$453K	$127K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2265	+0.172%	$206K	$215K	5x	as long as short
Hyperliquid SYRUPshort	+0.0100%	1h	0.2264	+0.101%	$5.7M	$1.8M	3x
Aster SYRUPUSDT	+0.0100%	4h	0.2262	+0.043%	$15K	$65K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2262	+0.008%	$9.4M	$6.9M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2263	+0.075%	$2.3M	$2.0M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2263	+0.075%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2262	+0.031%	$420K	$67K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2263	+0.075%	$3.0M	$420K	100x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2263	+0.075%	$656K	$453K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SYRUP-USDT	+0.0100%	4h	0.2261	−0.027%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2262	+0.026%	$162K	$47K	—	as long as short
KuCoin SYRUPUSDTM	+0.0116%	4h	0.2270	+0.380%	$2.0M	$112K	25x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2261	−0.018%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]long	L +0.0330% / S −0.1447%	1h	0.2261	long leg	$3K	—	50x
Kraken Futures PF_SYRUPUSD	+0.1011%	1h	0.2272	+0.462%	$41K	$23K	10x	as long as short