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

SYRUP

all SYRUP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.051%
Price spread now: Lighter against Aster+0.271%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.271% dearer against Aster than usual: you sell high and buy low, +$27 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SYRUPUSDT0.21960.0100pay 0.0050% / 4h2h 18m$16K$75K10x
ShortLighter SYRUP0.22020.0096get 0.0012% / 1h18m 56s$201K$198K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
−$0.84
Price spread: +0.271% → 0.000%
$27.1
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$18.26
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; Lighter: live order book, 26 min ago. Net counts fees only.

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 no order-book sample
Sell Lighter live order book, 26 min ago11.12 bp35.7 bp −$36464.0 bp −$4,640doesn't fitdoesn't fit
Aster: 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 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
Lighter SYRUPshort+0.0096%1h0.2202+0.271%$201K$198K5x
Aster SYRUPUSDTlong+0.0100%4h0.2196long leg$16K$75K10x
Binance SYRUPUSDT+0.0100%4h0.2199+0.144%$8.9M$7.0M25xas long as short
Bybit SYRUPUSDT+0.0100%4h0.2199+0.134%$2.1M$2.4M25xas long as short
OKX SYRUP-USDT-SWAP+0.0100%4h0.2200+0.180%$1.1M$1.1M20xas long as short
Gate SYRUP_USDT+0.0100%8h0.2199+0.139%$404K$55K25xas long as short
MEXC SYRUP_USDT+0.0100%4h0.2200+0.180%$2.9M$415K100xas long as short
KuCoin SYRUPUSDTM+0.0100%4h0.2206+0.440%$1.9M$149K25xas long as short
Bitget SYRUPUSDT+0.0100%4h0.2199+0.134%$697K$474K20xas long as short
BingX SYRUP-USDT+0.0100%4h0.2199+0.139%$6.6Mas long as short
Show all 16 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SYRUP+0.0100%4h0.2198+0.089%$158K$25Kas long as short
Reya SYRUPRUSDPERP+0.0149%1h0.2199+0.124%5xas long as short
BloFin SYRUP-USDT+0.0150%4h0.2198+0.084%$414K$155K50xas long as short
GMX SYRUP/USD [ETH-USDC]L +0.0313% / S −0.1301%1h0.2200+0.180%$2K50xas long as short
Hyperliquid SYRUP+0.0495%1h0.2204+0.348%$5.5M$1.8M3xas long as short
Kraken Futures PF_SYRUPUSD+1.4046%1h0.2196+0.003%$42K$19K10xas long as short