Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.065%

Price spread now: Bitget against Lighter−0.134%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1081.085% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 4 days (all we have)−0.184%−$18 · spread now −0.134%, 7d avg −0.078%

Together, before fees−0.253%+ Points / potential airdropLighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.056% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SYRUP	0.2311	0.0096	pay 0.0012% / 1h	9m 01s	$210K	$220K	5x
Short	Bitget SYRUPUSDT	0.2308	0.0100	get 0.0050% / 4h	9m 01s	$680K	$454K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter. 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 LighterbpFee BitgetbpOrdersPrice spread, now −0.134%Rate

Funding earned: $0.84
Price spread: −0.134% → −0.078%: −$5.64
Slippage, 4 orders: −$96.47
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$113.27
Costs to cover: 1.085%
Break-even: 950.9 days

Slippage from Lighter: live order book, 51 min ago; Bitget: live order book, 1 min ago.

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, 51 min ago	13.89 bp	19.4 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	12.99 bp	25.8 bp −$26	107.5 bp −$1,075	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
BloFin SYRUP-USDT	+0.0053%	4h	0.2306	−0.199%	$457K	$135K	50x	as long as short
Lighter SYRUPlong	+0.0096%	1h	0.2311	long leg	$210K	$220K	5x
Aster SYRUPUSDT	+0.0100%	4h	0.2307	−0.198%	$14K	$63K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2306	−0.212%	$9.6M	$6.7M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2308	−0.143%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2306	−0.221%	$1.2M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2306	−0.225%	$429K	$69K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2306	−0.221%	$3.0M	$583K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2316	+0.199%	$2.0M	$109K	25x	as long as short
Bitget SYRUPUSDTshort	+0.0100%	4h	0.2308	−0.134%	$680K	$454K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SYRUP-USDT	+0.0100%	4h	0.2308	−0.134%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2307	−0.172%	$166K	$46K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2306	−0.221%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0331% / S −0.1447%	1h	0.2306	−0.208%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.0682%	1h	0.2309	−0.077%	$42K	$23K	10x	as long as short
Hyperliquid SYRUP	+0.1156%	1h	0.2310	−0.035%	$5.9M	$1.5M	3x	as long as short