SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0323%/8h= −35.3% APRnext payment −$0.40 per $10,000 · paid last 24h −0.003%

Price spread now: GMX against Kraken Futures+0.178%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures 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—needs both histories

The price spread pays, funding is against you. GMX is 0.178% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.178% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SYRUPUSD	0.2198	0.1624	pay 0.0203% / 1h	39m 50s	$40K	$23K	10x
Short	GMX SYRUP/USD [ETH-USDC]	0.2202	L +0.0314% / S −0.1301%	get 0.0163% / 1h	39m 50s	$2K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee GMXbpOrdersPrice spread, now +0.178%Rate

Funding earned: −$67.78
Price spread: +0.178% → 0.000%: $17.77
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$72.01
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Kraken Futures and 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
BloFin SYRUP-USDT	+0.0044%	4h	0.2201	+0.144%	$418K	$138K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2202	+0.199%	$201K	$220K	5x	as long as short
Hyperliquid SYRUP	+0.0100%	1h	0.2206	+0.362%	$5.5M	$1.9M	3x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2200	+0.109%	$14K	$73K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2200	+0.094%	$8.9M	$7.3M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2202	+0.167%	$2.1M	$2.5M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2200	+0.089%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2203	+0.212%	$405K	$62K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2199	+0.044%	$2.9M	$411K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2203	+0.212%	$1.9M	$154K	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	0.2204	+0.271%	$698K	$484K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2201	+0.144%	—	$6.6M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2202	+0.191%	$157K	$24K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2200	+0.080%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]short	L +0.0314% / S −0.1301%	1h	0.2202	+0.178%	$2K	—	50x
Kraken Futures PF_SYRUPUSDlong	+0.1624%	1h	0.2198	long leg	$40K	$23K	10x