SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0232%/8h= −25.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.004%

Price spread now: Lighter against GMX+0.023%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 Lighter

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 airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.023% dearer against GMX than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SYRUP/USD [ETH-USDC]	0.2210	L +0.0328% / S −0.1447%	pay 0.0041% / 1h	56m 42s	$3K	—	50x
Short	Lighter SYRUP	0.2210	0.0096	get 0.0012% / 1h	56m 42s	$204K	$218K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$48.72
Price spread: +0.023% → 0.000%: $2.26
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$58.45
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 43 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 Lighter live order book, 43 min ago	13.28 bp	31.6 bp −$32	496.2 bp −$4,962	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
Kraken Futures PF_SYRUPUSD	−0.0049%	1h	0.2209	−0.012%	$40K	$22K	10x	as long as short
Lighter SYRUPshort	+0.0096%	1h	0.2210	+0.023%	$204K	$218K	5x
Aster SYRUPUSDT	+0.0100%	4h	0.2209	−0.016%	$14K	$69K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2206	−0.158%	$9.0M	$7.4M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2208	−0.059%	$2.1M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2208	−0.077%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2210	+0.032%	$408K	$64K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2207	−0.122%	$2.8M	$419K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2213	+0.158%	$1.9M	$151K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2210	+0.014%	$697K	$508K	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	0.2207	−0.104%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2212	+0.089%	$158K	$27K	—	as long as short
BloFin SYRUP-USDT	+0.0113%	4h	0.2209	−0.036%	$427K	$128K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2209	−0.031%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0234%	1h	0.2212	+0.100%	$5.4M	$1.9M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]long	L +0.0328% / S −0.1447%	1h	0.2210	long leg	$3K	—	50x