Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1347%/8h= +147.5% APRpaid last 24h +0.414%

Price spread now: GMX against Aster+0.074%7-day average — · you sell dearer than you buy

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and GMX is 0.074% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SYRUPUSDT	0.2202	0.0100	pay 0.0050% / 4h	3h 28m	$14K	$68K	10x
Short	GMX SYRUP/USD [ETH-USDC]	0.2204	L +0.0328% / S −0.1447%	get 0.0181% / 1h	28m 35s	$3K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee AsterbpFee GMXbpOrdersPrice spread, now +0.074%Rate

Funding earned: $282.92
Price spread: +0.074% → 0.000%: $7.44
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $270.36
Costs to cover: 0.200%
Break-even: 0.3 days

Slippage unknown: Aster: no order-book sample; GMX: 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 Aster no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Aster and GMX: 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_SYRUPUSD	−0.0049%	1h	0.2208	+0.234%	$40K	$22K	10x	as long as short
BloFin SYRUP-USDT	+0.0042%	4h	0.2203	+0.013%	$425K	$128K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2204	+0.063%	$203K	$218K	5x	as long as short
Aster SYRUPUSDTlong	+0.0100%	4h	0.2202	long leg	$14K	$68K	10x
Binance SYRUPUSDT	+0.0100%	4h	0.2200	−0.090%	$9.0M	$7.4M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2202	−0.037%	$2.1M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2201	−0.065%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2203	+0.008%	$405K	$65K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2201	−0.065%	$2.8M	$421K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2203	+0.013%	$1.8M	$151K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDT	+0.0100%	4h	0.2203	+0.026%	$694K	$500K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2201	−0.060%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2203	+0.013%	$157K	$26K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2203	+0.032%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0287%	1h	0.2205	+0.122%	$5.4M	$1.9M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]short	L +0.0328% / S −0.1447%	1h	0.2204	+0.074%	$3K	—	50x