SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.133%

Price spread now: Hyperliquid against Lighter−0.071%7-day average +0.133% · you buy dearer than you sell

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

Long on Lighter Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.397%+$40 on $10k

Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.071%, 7d avg +0.133%

Together, before fees+0.594%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$59 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: Hyperliquid is 0.203% cheaper against Lighter than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.133%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SYRUP	0.2265	0.0096	pay 0.0012% / 1h	55m 48s	$206K	$215K	5x
Short	Hyperliquid SYRUP	0.2264	0.0100	get 0.0013% / 1h	55m 48s	$5.7M	$1.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.071%Rate

Funding earned: $0.84
Price spread: −0.071% → +0.133%: −$20.31
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$28.47
Costs to cover: 0.090%
Break-even: 244.3 days

Slippage unknown: Lighter: live order book, 60 min ago; Hyperliquid: live order book, 6 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 Lighter live order book, 60 min ago	17.09 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.75 bp	doesn't fit	doesn't fit	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	+0.0058%	4h	0.2265	−0.004%	$453K	$127K	50x	as long as short
Lighter SYRUPlong	+0.0096%	1h	0.2265	long leg	$206K	$215K	5x
Hyperliquid SYRUPshort	+0.0100%	1h	0.2264	−0.071%	$5.7M	$1.8M	3x
Aster SYRUPUSDT	+0.0100%	4h	0.2262	−0.129%	$15K	$65K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2262	−0.163%	$9.4M	$6.9M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2263	−0.097%	$2.3M	$2.0M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2263	−0.097%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2262	−0.141%	$420K	$67K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2263	−0.097%	$3.0M	$420K	100x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2263	−0.097%	$656K	$453K	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	0.2261	−0.199%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2262	−0.146%	$162K	$47K	—	as long as short
KuCoin SYRUPUSDTM	+0.0116%	4h	0.2270	+0.207%	$2.0M	$112K	25x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2261	−0.190%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0330% / S −0.1447%	1h	0.2261	−0.172%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1011%	1h	0.2272	+0.290%	$41K	$23K	10x	as long as short