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

SYRUP

all SYRUP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.053%
Price spread now: Lighter against Bitget+0.082%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1111.109% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.082%, 7d avg +0.078%
Together, before fees+0.081%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SYRUPUSDT0.22010.0100pay 0.0050% / 4h3h 45m$703K$479K20x
ShortLighter SYRUP0.22030.0096get 0.0012% / 1h45m 30s$201K$220K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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: +0.082% → +0.078%
$0.38
Slippage, 4 orders
−$98.87
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$111.33
Costs to cover
1.109%
Break-even
never at this rate
Slippage from Bitget: live order book, 50 min ago; Lighter: live order book, 34 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 Bitget live order book, 50 min ago11.40 bp27.7 bp −$2894.3 bp −$943doesn't fitdoesn't fit
Sell Lighter live order book, 34 min ago18.69 bp34.9 bp −$35549.6 bp −$5,496doesn't fitdoesn't fit

SYRUP on 16 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
Lighter SYRUPshort+0.0096%1h0.2203+0.082%$201K$220K5x
Aster SYRUPUSDT+0.0100%4h0.2199−0.108%$14K$73K10xas long as short
Binance SYRUPUSDT+0.0100%4h0.2199−0.091%$8.9M$7.2M25xas long as short
Bybit SYRUPUSDT+0.0100%4h0.2201−0.009%$2.1M$2.4M25xas long as short
OKX SYRUP-USDT-SWAP+0.0100%4h0.22010.000%$1.1M$1.1M20xas long as short
Gate SYRUP_USDT+0.0100%8h0.2197−0.177%$404K$60K25xas long as short
MEXC SYRUP_USDT+0.0100%4h0.2199−0.091%$2.9M$414K100xas long as short
KuCoin SYRUPUSDTM+0.0100%4h0.2202+0.027%$1.9M$152K25xas long as short
Bitget SYRUPUSDTlong+0.0100%4h0.2201long leg$703K$479K20x
BingX SYRUP-USDT+0.0100%4h0.2200−0.032%$6.5Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SYRUP+0.0100%4h0.2201−0.001%$157K$24Kas long as short
BloFin SYRUP-USDT+0.0137%4h0.2200−0.036%$416K$135K50xas long as short
Reya SYRUPRUSDPERP+0.0149%1h0.2199−0.084%5xas long as short
Hyperliquid SYRUP+0.0210%1h0.2203+0.095%$5.4M$1.8M3xas long as short
GMX SYRUP/USD [ETH-USDC]L +0.0313% / S −0.1301%1h0.2200−0.068%$2K50xas long as short
Kraken Futures PF_SYRUPUSD+1.4465%1h0.2195−0.269%$40K$21K10xas long as short