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

SYN

all SYN markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.1601%/8h= +175.3% APRpaid last 24h +0.135%
Price spread now: Aster against Kraken Futures−0.012%7-day average +0.160% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$288as in the Price arb table
costs, in and out, $10k−$2712.713% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+1.496%+$150 on $10k
Price spread, last 4 days (all we have)+0.662%+$66 · spread now −0.012%, 7d avg +0.160%
Together, before fees+2.158%+ Points / potential airdropAster: Stage 5 · farm board+$216 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.172% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.160%). If the spread goes back, that is −$17 on $10k: about 9 hours of funding at the current rate (+$48 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_SYNUSD0.2436−0.0388get 0.0049% / 1h47m 31s$153K$850K10x
ShortAster SYNUSDT0.24360.1213get 0.0606% / 4h3h 47m$2.8M$993K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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
$336.21
Price spread: −0.012% → +0.160%
−$17.19
Slippage, 4 orders
−$253.28
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
$47.73
Costs to cover
2.713%
Break-even
6.0 days
Slippage from Kraken Futures: live order book, 51 min ago; Aster: live order book, 1 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 Kraken Futures live order book, 51 min ago64.57 bp71.1 bp −$71274.0 bp −$2,740doesn't fitdoesn't fit
Sell Aster live order book, 1 min ago10.23 bp28.2 bp −$28221.9 bp −$2,219doesn't fitdoesn't fit

SYN on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SYNUSDlong−0.0388%1h0.2436long leg$153K$850K10x
Bitget SYNUSDT+0.0100%4h0.2435−0.053%$1.4M$3.2M10xas long as short
Orderly PERP_SYN_USDC_mythos+0.0100%4h0.2440+0.148%$3K$35K10xas long as short
Phemex SYNUSDT+0.0100%4h0.2439+0.095%$1.6M$1.9M50xas long as short
BingX SYN-USDT+0.0226%4h0.2436−0.016%$3.3Mas long as short
MEXC SYN_USDT+0.0230%4h0.2433−0.135%$3.1M$8.1M50xas long as short
Binance SYNUSDT+0.0233%4h0.2434−0.088%$12.1M$43.2M10xas long as short
Aster SYNUSDTshort+0.1213%4h0.2436−0.012%$2.8M$993K5x