SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0729%/8h= −79.8% APRnext payment −$0.91 per $10,000 · paid last 24h +0.336%

Price spread now: Kraken Futures against GMX+0.081%54s7-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 Kraken Futures

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—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.081% dearer against GMX than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SYRUP/USD [ETH-USDC]	0.2205	L +0.0314% / S −0.1301%	pay 0.0039% / 1h	53m 28s	$2K	—	50x
Short	Kraken Futures PF_SYRUPUSD	0.2207	−0.0415	pay 0.0052% / 1h	53m 28s	$39K	$23K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$153.12
Price spread: +0.081% → 0.000%: $8.13
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$166.99
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: 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 GMX no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

GMX 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 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
Kraken Futures PF_SYRUPUSDshort	−0.0415%	1h	0.2207	+0.081%	$39K	$23K	10x
BloFin SYRUP-USDT	+0.0041%	4h	0.2209	+0.169%	$425K	$128K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2209	+0.169%	$205K	$219K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2208	+0.105%	$14K	$68K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2206	+0.049%	$9.0M	$7.5M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2209	+0.155%	$2.2M	$2.2M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2203	−0.099%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2205	−0.026%	$406K	$64K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2205	−0.008%	$2.8M	$423K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2207	+0.101%	$1.8M	$151K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDT	+0.0100%	4h	0.2205	−0.008%	$696K	$511K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2207	+0.069%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2210	+0.231%	$157K	$27K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2205	+0.007%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]long	L +0.0314% / S −0.1301%	1h	0.2205	long leg	$2K	—	50x
Hyperliquid SYRUP	+0.0336%	1h	0.2210	+0.200%	$5.4M	$1.9M	3x	as long as short