Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.053%
Price spread now: Lighter against Binance+0.164%7-day average +0.119% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1001.004% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.164%, 7d avg +0.119%
=Together, before fees+0.074%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.045% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.119%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SYRUPUSDT | 0.2191 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $8.9M | $7.2M | 25x |
| Short | Lighter SYRUP | 0.2195 | 0.0096 | get 0.0012% / 1h | 31m 53s | $200K | $220K | 5x |
Binance SYRUPUSDT
Lighter SYRUPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: +0.164% → +0.119%
- $4.54
- Slippage, 4 orders
- −$90.44
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$96.74
- Costs to cover
- 1.004%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; Lighter: live order book, 48 min ago.
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 Binance live order book, 8 min ago | 1.14 bp | 20.0 bp −$20 | 85.1 bp −$851 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 48 min ago | 18.69 bp | 34.9 bp −$35 | 549.6 bp −$5,496 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SYRUP-USDT | +0.0057% | 4h | 0.2193 | +0.068% | $414K | $134K | 50x | as long as short |
| Lighter SYRUPshort | +0.0096% | 1h | 0.2195 | +0.164% | $200K | $220K | 5x | |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2193 | +0.094% | $14K | $73K | 10x | as long as short |
| Binance SYRUPUSDTlong | +0.0100% | 4h | 0.2191 | long leg | $8.9M | $7.2M | 25x | |
| Bybit SYRUPUSDT | +0.0100% | 4h | 0.2194 | +0.110% | $2.1M | $2.4M | 25x | as long as short |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2192 | +0.037% | $1.0M | $1.1M | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2194 | +0.123% | $403K | $60K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2190 | −0.055% | $2.9M | $415K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2197 | +0.246% | $1.9M | $152K | 25x | as long as short |
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2194 | +0.128% | $699K | $479K | 20x | as long as short |
BloFin SYRUP-USDT
Aster SYRUPUSDT
Bybit SYRUPUSDT
OKX SYRUP-USDT-SWAP
Gate SYRUP_USDT
MEXC SYRUP_USDT
KuCoin SYRUPUSDTM
Bitget SYRUPUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2193 | +0.064% | — | $6.5M | — | as long as short |
| Variational Omni SYRUP | +0.0100% | 4h | 0.2198 | +0.310% | $157K | $24K | — | as long as short |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2191 | +0.012% | — | — | 5x | as long as short |
| Hyperliquid SYRUP | +0.0235% | 1h | 0.2195 | +0.188% | $5.4M | $1.8M | 3x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0313% / S −0.1301% | 1h | 0.2192 | +0.034% | $2K | — | 50x | as long as short |
| Kraken Futures PF_SYRUPUSD | +1.4515% | 1h | 0.2188 | −0.164% | $40K | $21K | 10x | as long as short |
BingX SYRUP-USDT
Variational Omni SYRUP
Reya SYRUPRUSDPERP
Hyperliquid SYRUP
GMX SYRUP/USD [ETH-USDC]
Kraken Futures PF_SYRUPUSD