Settings8H · net · $10k
Funding arb · Price arb /

SYRUP

all SYRUP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0582%/8h= −63.7% APRpaid last 24h −1.014%
Price spread now: Aster against Kraken Futures−0.122%54s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Aster is 0.122% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_SYRUPUSD0.23110.0682pay 0.0085% / 1h2m 25s$42K$23K10x
ShortAster SYRUPUSDT0.23080.0100get 0.0050% / 4h2m 25s$14K$63K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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

Funding earned
−$122.24
Price spread: −0.122% → 0.000%
−$12.23
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$152.48
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample
Sell Aster no order-book sample
Kraken Futures and Aster: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SYRUP-USDT+0.0042%4h0.2307−0.172%$457K$135K50xas long as short
Lighter SYRUP+0.0096%1h0.2312+0.058%$210K$220K5xas long as short
Aster SYRUPUSDTshort+0.0100%4h0.2308−0.122%$14K$63K10x
Binance SYRUPUSDT+0.0100%4h0.2307−0.155%$9.6M$6.7M25xas long as short
Bybit SYRUPUSDT+0.0100%4h0.2309−0.081%$2.3M$2.0M25xas long as short
OKX SYRUP-USDT-SWAP+0.0100%4h0.2307−0.154%$1.2M$1.1M20xas long as short
Gate SYRUP_USDT+0.0100%8h0.2306−0.193%$429K$69K25xas long as short
MEXC SYRUP_USDT+0.0100%4h0.2307−0.154%$3.0M$583K100xas long as short
KuCoin SYRUPUSDTM+0.0100%4h0.2311+0.002%$2.0M$110K25xas long as short
Bitget SYRUPUSDT+0.0100%4h0.2308−0.111%$680K$454K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SYRUP-USDT+0.0100%4h0.2309−0.085%$6.5Mas long as short
Variational Omni SYRUP+0.0100%4h0.2305−0.224%$166K$46Kas long as short
Reya SYRUPRUSDPERP+0.0149%1h0.2308−0.103%5xas long as short
GMX SYRUP/USD [ETH-USDC]L +0.0331% / S −0.1447%1h0.2307−0.143%$3K50xas long as short
Kraken Futures PF_SYRUPUSDlong+0.0682%1h0.2311long leg$42K$23K10x
Hyperliquid SYRUP+0.1058%1h0.2312+0.045%$5.9M$1.6M3xas long as short