SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0754%/8h= +82.5% APRnext payment +$0.94 per $10,000 · paid last 24h +1.203%

Price spread now: Kraken Futures against GMX+0.063%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 Kraken Futures

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—needs both histories

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Kraken Futures is 0.063% dearer against GMX than usual: you sell high and buy low: +$6 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	GMX SYRUP/USD [ETH-USDC]	0.2336	L +0.0331% / S −0.1447%	pay 0.0041% / 1h	30m 54s	$3K	—	50x
Short	Kraken Futures PF_SYRUPUSD	0.2338	0.1085	get 0.0136% / 1h	30m 54s	$42K	$25K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.063%Rate

Funding earned: $158.29
Price spread: +0.063% → 0.000%: $6.29
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $142.58
Costs to cover: 0.220%
Break-even: 0.7 days

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

GMX and Kraken Futures: 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
BloFin SYRUP-USDT	+0.0084%	4h	0.2335	−0.047%	$476K	$132K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2338	+0.069%	$165K	$179K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2335	−0.033%	$11K	$62K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2335	−0.059%	$9.8M	$5.9M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2338	+0.082%	$2.3M	$1.7M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2337	+0.035%	$1.2M	$961K	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2333	−0.119%	$436K	$64K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2336	−0.008%	$3.2M	$575K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2338	+0.060%	$2.0M	$109K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2335	−0.051%	$675K	$405K	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	0.2336	0.000%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2324	−0.505%	$166K	$49K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2337	+0.034%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]long	L +0.0331% / S −0.1447%	1h	0.2336	long leg	$3K	—	50x
Hyperliquid SYRUP	+0.1050%	1h	0.2344	+0.321%	$5.8M	$1.3M	3x	as long as short
Kraken Futures PF_SYRUPUSDshort	+0.1085%	1h	0.2338	+0.063%	$42K	$25K	10x