SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0230%/8h= −25.1% APRnext payment −$0.29 per $10,000 · paid last 24h +0.133%

Price spread now: Hyperliquid against GMX+0.169%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Hyperliquid

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 airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.169% dearer against GMX than usual: you sell high and buy low (spread +0.169% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SYRUP/USD [ETH-USDC]	0.2236	L +0.0330% / S −0.1447%	pay 0.0041% / 1h	37m 16s	$3K	—	50x
Short	Hyperliquid SYRUP	0.2239	0.0100	get 0.0013% / 1h	37m 16s	$5.6M	$1.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against GMX. 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 GMXbpFee HyperliquidbpOrdersPrice spread, now +0.169%Rate

Funding earned: −$48.21
Price spread: +0.169% → 0.000%: $16.86
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$52.35
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 5 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 5 min ago	2.23 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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
Lighter SYRUP	+0.0096%	1h	0.2237	+0.052%	$206K	$218K	5x	as long as short
Hyperliquid SYRUPshort	+0.0100%	1h	0.2239	+0.169%	$5.6M	$1.8M	3x
Aster SYRUPUSDT	+0.0100%	4h	0.2232	−0.155%	$14K	$66K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2235	−0.037%	$9.2M	$7.0M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2235	−0.015%	$2.2M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2234	−0.073%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2232	−0.144%	$413K	$69K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2234	−0.073%	$2.9M	$422K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2240	+0.213%	$1.9M	$151K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2237	+0.061%	$699K	$498K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SYRUP-USDT	+0.0100%	4h	0.2236	+0.017%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2236	+0.017%	$161K	$37K	—	as long as short
BloFin SYRUP-USDT	+0.0104%	4h	0.2233	−0.127%	$439K	$126K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2236	+0.014%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]long	L +0.0330% / S −0.1447%	1h	0.2236	long leg	$3K	—	50x
Kraken Futures PF_SYRUPUSD	+0.0829%	1h	0.2233	−0.111%	$40K	$25K	10x	as long as short