Funding you earn now, next payment 06:00 UTC−0.0513%/8h= −56.1% APRnext payment −$0.64 per $10,000 · paid last 24h +0.343%
Price spread now: Kraken Futures against Lighter−0.139%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Kraken Futures is 0.139% cheaper against Lighter than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SYRUP | 0.2201 | 0.0096 | pay 0.0012% / 1h | 14m 23s | $205K | $220K | 5x |
| Short | Kraken Futures PF_SYRUPUSD | 0.2198 | −0.0417 | pay 0.0052% / 1h | 14m 23s | $39K | $24K | 10x |
Lighter SYRUP
Kraken Futures PF_SYRUPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$107.68
- Price spread: −0.139% → 0.000%
- −$13.94
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$131.62
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 16 min ago; Kraken Futures: 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, 16 min ago | 11.62 bp | 11.9 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SYRUPUSDshort | −0.0417% | 1h | 0.2198 | −0.139% | $39K | $24K | 10x | |
| Lighter SYRUPlong | +0.0096% | 1h | 0.2201 | long leg | $205K | $220K | 5x | |
| Hyperliquid SYRUP | +0.0100% | 1h | 0.2203 | +0.082% | $5.4M | $1.9M | 3x | as long as short |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2199 | −0.090% | $14K | $69K | 10x | as long as short |
| Binance SYRUPUSDT | +0.0100% | 4h | 0.2201 | −0.038% | $8.9M | $7.6M | 25x | as long as short |
| Bybit SYRUPUSDT | +0.0100% | 4h | 0.2200 | −0.059% | $2.2M | $2.6M | 25x | as long as short |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2198 | −0.154% | $1.0M | $1.1M | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2199 | −0.127% | $405K | $66K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2200 | −0.064% | $2.8M | $426K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2200 | −0.068% | $1.9M | $157K | 25x | as long as short |
Hyperliquid SYRUP
Aster SYRUPUSDT
Binance SYRUPUSDT
Bybit SYRUPUSDT
OKX SYRUP-USDT-SWAP
Gate SYRUP_USDT
MEXC SYRUP_USDT
KuCoin SYRUPUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2201 | −0.018% | $692K | $511K | 20x | as long as short |
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2198 | −0.132% | — | $6.6M | — | as long as short |
| Variational Omni SYRUP | +0.0100% | 4h | 0.2199 | −0.103% | $157K | $27K | — | as long as short |
| BloFin SYRUP-USDT | +0.0112% | 4h | 0.2199 | −0.127% | $417K | $125K | 50x | as long as short |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2200 | −0.046% | — | — | 5x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0313% / S −0.1301% | 1h | 0.2199 | −0.121% | $2K | — | 50x | as long as short |
Bitget SYRUPUSDT
BingX SYRUP-USDT
Variational Omni SYRUP
BloFin SYRUP-USDT
Reya SYRUPRUSDPERP
GMX SYRUP/USD [ETH-USDC]