SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h +0.318%

Price spread now: GMX against Hyperliquid−0.280%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on GMX

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

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and GMX is 0.280% cheaper against Hyperliquid than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SYRUP	0.2306	0.1462	pay 0.0183% / 1h	59m 27s	$5.9M	$1.5M	3x
Short	GMX SYRUP/USD [ETH-USDC]	0.2300	L +0.0330% / S −0.1447%	get 0.0181% / 1h	59m 27s	$3K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −0.280%Rate

Funding earned: −$3.01
Price spread: −0.280% → 0.000%: −$28.01
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$52.03
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 3 min ago; GMX: 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 Hyperliquid live order book, 3 min ago	1.96 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Lighter SYRUP	+0.0096%	1h	0.2301	−0.195%	$209K	$220K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2298	−0.335%	$13K	$61K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2300	−0.252%	$9.6M	$6.5M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2301	−0.208%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2300	−0.260%	$1.2M	$1.0M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2298	−0.360%	$429K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2300	−0.260%	$3.0M	$580K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2307	+0.026%	$2.0M	$108K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2299	−0.304%	$670K	$439K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2301	−0.217%	—	$6.5M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SYRUP	+0.0100%	4h	0.2296	−0.434%	$165K	$51K	—	as long as short
BloFin SYRUP-USDT	+0.0140%	4h	0.2297	−0.403%	$460K	$132K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2301	−0.223%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]short	L +0.0330% / S −0.1447%	1h	0.2300	−0.280%	$3K	—	50x
Kraken Futures PF_SYRUPUSD	+0.1425%	1h	0.2300	−0.281%	$41K	$23K	10x	as long as short
Hyperliquid SYRUPlong	+0.1462%	1h	0.2306	long leg	$5.9M	$1.5M	3x