SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0129%/8h= −14.1% APRnext payment −$0.16 per $10,000 · paid last 24h −0.364%

Price spread now: GMX against Kraken Futures−0.232%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on GMX

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 against this trade now: funding costs −$4 a day on $10k at the current rate, and GMX is 0.232% cheaper against Kraken Futures than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SYRUPUSD	0.2293	0.1576	pay 0.0197% / 1h	1m 09s	$41K	$23K	10x
Short	GMX SYRUP/USD [ETH-USDC]	0.2288	L +0.0331% / S −0.1447%	get 0.0181% / 1h	1m 09s	$3K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.232%Rate

Funding earned: −$27.09
Price spread: −0.232% → 0.000%: −$23.25
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$72.34
Costs to cover: 0.220%
Break-even: never at this rate

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

Kraken Futures and 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	0.2287	−0.249%	$208K	$217K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2286	−0.315%	$14K	$64K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2282	−0.463%	$9.5M	$6.8M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2283	−0.432%	$2.3M	$2.0M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2283	−0.432%	$1.1M	$1.0M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2285	−0.354%	$425K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2284	−0.389%	$3.0M	$582K	100x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2284	−0.389%	$662K	$451K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2284	−0.389%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2286	−0.308%	$166K	$45K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SYRUP-USDT	+0.0119%	4h	0.2286	−0.297%	$454K	$128K	50x	as long as short
KuCoin SYRUPUSDTM	+0.0122%	4h	0.2294	+0.052%	$2.0M	$112K	25x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2287	−0.252%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]short	L +0.0331% / S −0.1447%	1h	0.2288	−0.232%	$3K	—	50x
Hyperliquid SYRUP	+0.0969%	1h	0.2286	−0.301%	$5.8M	$1.7M	3x	as long as short
Kraken Futures PF_SYRUPUSDlong	+0.1576%	1h	0.2293	long leg	$41K	$23K	10x