SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1351%/8h= +148.0% APRnext payment +$1.69 per $10,000 · paid last 24h +0.381%

Price spread now: GMX against Lighter−0.146%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 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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.146% cheaper against Lighter than usual: you would sell low and buy high (spread −0.146% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 9 hours of funding at the current rate (+$41 a day).

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	13m 20s	$207K	$218K	5x
Short	GMX SYRUP/USD [ETH-USDC]	0.2240	L +0.0330% / S −0.1447%	get 0.0181% / 1h	13m 20s	$3K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.146%Rate

Funding earned: $283.76
Price spread: −0.146% → 0.000%: −$14.58
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $257.19
Costs to cover: 0.120%
Break-even: 0.7 days

Slippage unknown: Lighter: live order book, 32 min ago; 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 Lighter live order book, 32 min ago	10.52 bp	20.8 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Lighter SYRUPlong	+0.0096%	1h	0.2243	long leg	$207K	$218K	5x
BloFin SYRUP-USDT	+0.0096%	4h	0.2242	−0.049%	$440K	$126K	50x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2240	−0.148%	$14K	$66K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2239	−0.183%	$9.2M	$7.0M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2241	−0.125%	$2.2M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2239	−0.196%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2238	−0.218%	$415K	$71K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2239	−0.196%	$2.9M	$423K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2242	−0.076%	$1.9M	$151K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2241	−0.107%	$704K	$500K	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	0.2240	−0.138%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2242	−0.064%	$161K	$32K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2240	−0.139%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0152%	1h	0.2244	+0.045%	$5.6M	$1.8M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]short	L +0.0330% / S −0.1447%	1h	0.2240	−0.146%	$3K	—	50x
Kraken Futures PF_SYRUPUSD	+0.0827%	1h	0.2240	−0.139%	$41K	$25K	10x	as long as short