Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.064%

Price spread now: Aster against Lighter−0.113%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 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 · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.113% cheaper against Lighter than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SYRUP	0.2243	0.0096	pay 0.0012% / 1h	8m 04s	$207K	$218K	5x
Short	Aster SYRUPUSDT	0.2240	0.0100	get 0.0050% / 4h	2h 08m	$14K	$66K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 LighterbpFee AsterbpOrdersPrice spread, now −0.113%Rate

Funding earned: $0.84
Price spread: −0.113% → 0.000%: −$11.26
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$18.42
Costs to cover: 0.080%
Break-even: 160.5 days

Slippage unknown: Lighter: live order book, 42 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 42 min ago	16.22 bp	16.6 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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 15 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 SYRUPlong	+0.0096%	1h	0.2243	long leg	$207K	$218K	5x
Aster SYRUPUSDTshort	+0.0100%	4h	0.2240	−0.113%	$14K	$66K	10x
Binance SYRUPUSDT	+0.0100%	4h	0.2240	−0.134%	$9.2M	$7.0M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2240	−0.129%	$2.2M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2240	−0.129%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2238	−0.218%	$416K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2239	−0.174%	$2.9M	$433K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2241	−0.085%	$2.0M	$121K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2241	−0.085%	$650K	$455K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2239	−0.183%	—	$6.5M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SYRUP	+0.0100%	4h	0.2243	−0.015%	$161K	$37K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2241	−0.102%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0314%	1h	0.2245	+0.085%	$5.6M	$1.8M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0328% / S −0.1447%	1h	0.2241	−0.106%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1026%	1h	0.2239	−0.162%	$41K	$25K	10x	as long as short