Settings8H · net · $10k
Funding arb · Price arb /

SYN

all SYN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h −0.171%
Price spread now: Kraken Futures against Aster−0.039%7-day average −0.162% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1521.521% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−1.505%−$151 on $10k
Price spread, last 4 days (all we have)+0.496%+$50 · spread now −0.039%, 7d avg −0.162%
Together, before fees−1.009%+ Points / potential airdropAster: Stage 5 · farm board−$101 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.123% dearer against Aster than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.162%. Mind the row above: over the last 6 days funding on this pair cost −1.505%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SYNUSDT0.24630.0726pay 0.0363% / 4h49m 38s$2.9M$1.0M5x
ShortKraken Futures PF_SYNUSD0.24620.0766get 0.0096% / 1h49m 38s$157K$852K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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

Funding earned
$8.56
Price spread: −0.039% → −0.162%
$12.3
Slippage, 4 orders
−$134.09
Fee Aster: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$131.22
Costs to cover
1.521%
Break-even
114.3 days
Slippage from Aster: live order book, 2 min ago; Kraken Futures: live order book, 57 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 2 min ago8.12 bp65.7 bp −$66711.0 bp −$7,110doesn't fitdoesn't fit
Sell Kraken Futures live order book, 57 min ago12.85 bp25.2 bp −$25doesn't fitdoesn't fitdoesn't fit

SYN on 8 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SYNUSDT+0.0100%4h0.2459−0.182%$1.4M$3.0M10xas long as short
Orderly PERP_SYN_USDC_mythos+0.0100%4h0.2463−0.019%$2K$31K10xas long as short
Phemex SYNUSDT+0.0100%4h0.2463+0.001%$1.6M$1.9M50xas long as short
Binance SYNUSDT+0.0104%4h0.2460−0.129%$12.3M$42.1M10xas long as short
MEXC SYN_USDT+0.0104%4h0.2460−0.125%$2.9M$7.3M50xas long as short
BingX SYN-USDT+0.0120%4h0.2461−0.080%$3.2Mas long as short
Aster SYNUSDTlong+0.0726%4h0.2463long leg$2.9M$1.0M5x
Kraken Futures PF_SYNUSDshort+0.0766%1h0.2462−0.039%$157K$852K10x