SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0178%/8h= −19.5% APRnext payment −$0.22 per $10,000 · paid last 24h −0.134%

Price spread now: Lighter against Hyperliquid+0.036%7-day average −0.128% · you sell dearer than you buy

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

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.415%−$41 on $10k

Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.036%, 7d avg −0.128%

Together, before fees−0.573%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$57 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.164% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of −0.128%): +$16 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SYRUP	0.2198	0.0274	pay 0.0034% / 1h	40m 53s	$5.4M	$1.9M	3x
Short	Lighter SYRUP	0.2199	0.0096	get 0.0012% / 1h	40m 53s	$204K	$219K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$37.37
Price spread: +0.036% → −0.128%: $16.41
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$29.95
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 11 min ago; Lighter: live order book, 54 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 Hyperliquid live order book, 11 min ago	1.36 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 54 min ago	8.82 bp	32.8 bp −$33	594.4 bp −$5,944	doesn't fit	doesn't fit

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	−0.0417%	1h	0.2198	+0.005%	$39K	$24K	10x	as long as short
BloFin SYRUP-USDT	+0.0089%	4h	0.2197	−0.055%	$423K	$126K	50x	as long as short
Lighter SYRUPshort	+0.0096%	1h	0.2199	+0.036%	$204K	$219K	5x
Aster SYRUPUSDT	+0.0100%	4h	0.2195	−0.140%	$14K	$68K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2195	−0.168%	$8.9M	$7.6M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2197	−0.064%	$2.2M	$2.4M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2194	−0.191%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2193	−0.259%	$404K	$65K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2194	−0.191%	$2.8M	$423K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2201	+0.123%	$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	0.2196	−0.100%	$692K	$514K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2195	−0.132%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2197	−0.046%	$157K	$27K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2196	−0.115%	—	—	5x	as long as short
Hyperliquid SYRUPlong	+0.0274%	1h	0.2198	long leg	$5.4M	$1.9M	3x
GMX SYRUP/USD [ETH-USDC]	L +0.0314% / S −0.1301%	1h	0.2196	−0.079%	$2K	—	50x	as long as short