SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1477%/8h= −161.8% APRnext payment −$1.85 per $10,000 · paid last 24h −0.774%

Price spread now: Lighter against Kraken Futures+0.017%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$44 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SYRUPUSD	0.2297	0.1573	pay 0.0197% / 1h	2m 16s	$41K	$23K	10x
Short	Lighter SYRUP	0.2298	0.0096	get 0.0012% / 1h	2m 16s	$209K	$217K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$310.25
Price spread: +0.017% → 0.000%: $1.71
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$318.54
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Lighter: live order book, 53 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Lighter live order book, 53 min ago	17.09 bp	36.1 bp −$36	629.8 bp −$6,298	doesn't fit	doesn't fit

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
Lighter SYRUPshort	+0.0096%	1h	0.2298	+0.017%	$209K	$217K	5x
Aster SYRUPUSDT	+0.0100%	4h	0.2293	−0.200%	$14K	$64K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2291	−0.266%	$9.5M	$6.7M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2292	−0.218%	$2.3M	$2.0M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2290	−0.309%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2294	−0.140%	$427K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2291	−0.266%	$3.0M	$582K	100x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2290	−0.309%	$664K	$445K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2292	−0.222%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2293	−0.173%	$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	+0.0102%	4h	0.2294	−0.148%	$456K	$130K	50x	as long as short
KuCoin SYRUPUSDTM	+0.0126%	4h	0.2301	+0.174%	$2.0M	$112K	25x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2291	−0.249%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0331% / S −0.1447%	1h	0.2293	−0.197%	$3K	—	50x	as long as short
Hyperliquid SYRUP	+0.1003%	1h	0.2293	−0.166%	$5.9M	$1.7M	3x	as long as short
Kraken Futures PF_SYRUPUSDlong	+0.1573%	1h	0.2297	long leg	$41K	$23K	10x