SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1523%/8h= +166.8% APRnext payment +$1.90 per $10,000 · paid last 24h +0.213%

Price spread now: Kraken Futures against Hyperliquid−0.117%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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Kraken Futures is 0.117% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 6 hours of funding at the current rate (+$46 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SYRUP	0.2201	0.0100	pay 0.0013% / 1h	58m 39s	$5.4M	$1.9M	3x
Short	Kraken Futures PF_SYRUPUSD	0.2199	0.1623	get 0.0203% / 1h	58m 39s	$40K	$23K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.117%Rate

Funding earned: $319.86
Price spread: −0.117% → 0.000%: −$11.68
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $289.19
Costs to cover: 0.190%
Break-even: 0.7 days

Slippage unknown: Hyperliquid: live order book, 3 min ago; 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 Hyperliquid live order book, 3 min ago	1.14 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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
Lighter SYRUP	+0.0096%	1h	0.2200	−0.053%	$200K	$220K	5x	as long as short
Hyperliquid SYRUPlong	+0.0100%	1h	0.2201	long leg	$5.4M	$1.9M	3x
Aster SYRUPUSDT	+0.0100%	4h	0.2196	−0.226%	$14K	$73K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2197	−0.215%	$8.9M	$7.4M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2198	−0.171%	$2.1M	$2.5M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2196	−0.239%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2195	−0.280%	$403K	$62K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2197	−0.194%	$2.9M	$409K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2205	+0.169%	$1.9M	$156K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2198	−0.149%	$696K	$484K	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	0.2197	−0.176%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2195	−0.277%	$157K	$25K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2198	−0.147%	—	—	5x	as long as short
BloFin SYRUP-USDT	+0.0160%	4h	0.2196	−0.253%	$418K	$116K	50x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0313% / S −0.1301%	1h	0.2197	−0.187%	$2K	—	50x	as long as short
Kraken Futures PF_SYRUPUSDshort	+0.1623%	1h	0.2199	−0.117%	$40K	$23K	10x