SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1528%/8h= −167.3% APRnext payment −$1.91 per $10,000 · paid last 24h −0.346%

Price spread now: Lighter against Kraken Futures+0.235%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 Lighter

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 airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.235% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.235% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$46 a day in funding at the current rate, which eats that in about 12 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	38m 56s	$40K	$23K	10x
Short	Lighter SYRUP	0.2203	0.0096	get 0.0012% / 1h	38m 56s	$201K	$220K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.235%Rate

Funding earned: −$320.78
Price spread: +0.235% → 0.000%: $23.46
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$307.31
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; Lighter: live order book, 46 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Lighter live order book, 46 min ago	16.32 bp	31.8 bp −$32	556.4 bp −$5,564	doesn't fit	doesn't fit

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
BloFin SYRUP-USDT	+0.0050%	4h	0.2200	+0.057%	$418K	$138K	50x	as long as short
Lighter SYRUPshort	+0.0096%	1h	0.2203	+0.235%	$201K	$220K	5x
Aster SYRUPUSDT	+0.0100%	4h	0.2200	+0.079%	$14K	$73K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2200	+0.076%	$8.9M	$7.3M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2200	+0.071%	$2.1M	$2.5M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2198	−0.011%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2202	+0.185%	$405K	$62K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2200	+0.080%	$2.9M	$411K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2203	+0.203%	$1.9M	$154K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2202	+0.171%	$697K	$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	0.2201	+0.116%	—	$6.6M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2202	+0.181%	$157K	$24K	—	as long as short
Hyperliquid SYRUP	+0.0114%	1h	0.2206	+0.353%	$5.5M	$1.9M	3x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2200	+0.059%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0314% / S −0.1301%	1h	0.2200	+0.094%	$2K	—	50x	as long as short
Kraken Futures PF_SYRUPUSDlong	+0.1624%	1h	0.2198	long leg	$40K	$23K	10x