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

SYN

all SYN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.1619%/8h= −177.3% APRpaid last 24h +0.047%
Price spread now: Kraken Futures against Aster+0.040%7-day average −0.139% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$2332.332% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−1.397%−$140 on $10k
Price spread, last 3 days (all we have)+0.417%+$42 · spread now +0.040%, 7d avg −0.139%
Together, before fees−0.980%+ Points / potential airdropAster: Stage 5 · farm board−$98 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.179% dearer against Aster than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of −0.139%): +$18 on $10k if it goes back. Holding the pair costs −$49 a day in funding at the current rate, which eats that in about 9 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SYNUSDT0.26480.1524pay 0.0762% / 4h1h 28m$3.0M$812K5x
ShortKraken Futures PF_SYNUSD0.2649−0.0095pay 0.0012% / 1h28m 45s$211K$490K10x

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
−$340.01
Price spread: +0.040% → −0.139%
$17.9
Slippage, 4 orders
−$215.19
Fee Aster: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$555.3
Costs to cover
2.332%
Break-even
never at this rate
Slippage from Aster: live order book, 5 min ago; Kraken Futures: live order book, 54 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, 5 min ago15.02 bp90.8 bp −$91doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 54 min ago43.50 bp59.8 bp −$60doesn't fitdoesn'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_SYNUSDshort−0.0095%1h0.2649+0.040%$211K$490K10x
Bitget SYNUSDT+0.0100%4h0.2651+0.094%$1.6M$3.1M10xas long as short
Orderly PERP_SYN_USDC_mythos+0.0100%4h0.2647−0.034%$4K$42K10xas long as short
Phemex SYNUSDT+0.0100%4h0.2646−0.083%$1.7M$1.7M50xas long as short
Binance SYNUSDT+0.0153%4h0.2648+0.008%$13.6M$39.4M10xas long as short
BingX SYN-USDT+0.0158%4h0.2649+0.026%$3.1Mas long as short
MEXC SYN_USDT+0.0160%4h0.2650+0.076%$3.3M$7.0M50xas long as short
Aster SYNUSDTlong+0.1524%4h0.2648long leg$3.0M$812K5x