SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0234%/8h= −25.6% APRnext payment −$0.29 per $10,000 · paid last 24h −0.009%

Price spread now: Lighter against GMX+0.164%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 Lighter

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 airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.164% dearer against GMX than usual: you sell high and buy low (spread +0.164% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SYRUP/USD [ETH-USDC]	0.2296	L +0.0330% / S −0.1447%	pay 0.0041% / 1h	5m 37s	$3K	—	50x
Short	Lighter SYRUP	0.2300	0.0096	get 0.0012% / 1h	5m 37s	$209K	$225K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.164%Rate

Funding earned: −$49.16
Price spread: +0.164% → 0.000%: $16.42
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$44.74
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 68 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 Lighter live order book, 68 min ago	15.18 bp	36.7 bp −$37	638.6 bp −$6,386	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
BloFin SYRUP-USDT	+0.0053%	4h	0.2294	−0.088%	$462K	$132K	50x	as long as short
Lighter SYRUPshort	+0.0096%	1h	0.2300	+0.164%	$209K	$225K	5x
Aster SYRUPUSDT	+0.0100%	4h	0.2297	+0.047%	$13K	$61K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2296	−0.017%	$9.6M	$6.5M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2297	+0.029%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2296	−0.006%	$1.2M	$999K	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2297	+0.055%	$429K	$67K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2296	−0.006%	$3.0M	$588K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2305	+0.399%	$2.0M	$108K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2297	+0.038%	$670K	$439K	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	0.2297	+0.020%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2296	−0.021%	$165K	$51K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2297	+0.033%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]long	L +0.0330% / S −0.1447%	1h	0.2296	long leg	$3K	—	50x
Hyperliquid SYRUP	+0.1094%	1h	0.2302	+0.260%	$5.9M	$1.5M	3x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1425%	1h	0.2300	+0.170%	$41K	$23K	10x	as long as short