Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.064%
Price spread now: Binance against Lighter−0.179%7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1081.084% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.179%, 7d avg −0.116%
=Together, before fees−0.066%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.062% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.116%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SYRUP | 0.2240 | 0.0096 | pay 0.0012% / 1h | 9m 40s | $207K | $218K | 5x |
| Short | Binance SYRUPUSDT | 0.2236 | 0.0100 | get 0.0050% / 4h | 1h 09m | $9.2M | $7.0M | 25x |
Lighter SYRUP
Binance SYRUPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: −0.179% → −0.116%
- −$6.24
- Slippage, 4 orders
- −$98.41
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$113.81
- Costs to cover
- 1.084%
- Break-even
- 955.4 days
Slippage from Lighter: live order book, 35 min ago; Binance: live order book, 15 min ago.
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 Lighter live order book, 35 min ago | 10.52 bp | 20.8 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.67 bp | 24.5 bp −$25 | 101.0 bp −$1,010 | doesn't fit | doesn't fit |
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 | +0.0094% | 4h | 0.2237 | −0.170% | $438K | $126K | 50x | as long as short |
| Lighter SYRUPlong | +0.0096% | 1h | 0.2240 | long leg | $207K | $218K | 5x | |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2238 | −0.102% | $14K | $66K | 10x | as long as short |
| Binance SYRUPUSDTshort | +0.0100% | 4h | 0.2236 | −0.179% | $9.2M | $7.0M | 25x | |
| Bybit SYRUPUSDT | +0.0100% | 4h | 0.2238 | −0.125% | $2.2M | $2.1M | 25x | as long as short |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2237 | −0.156% | $1.1M | $1.1M | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2237 | −0.138% | $415K | $71K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2237 | −0.156% | $2.9M | $425K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2244 | +0.161% | $1.9M | $151K | 25x | as long as short |
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2239 | −0.067% | $703K | $500K | 20x | as long as short |
BloFin SYRUP-USDT
Aster SYRUPUSDT
Bybit SYRUPUSDT
OKX SYRUP-USDT-SWAP
Gate SYRUP_USDT
MEXC SYRUP_USDT
KuCoin SYRUPUSDTM
Bitget SYRUPUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2237 | −0.143% | — | $6.5M | — | as long as short |
| Variational Omni SYRUP | +0.0100% | 4h | 0.2238 | −0.109% | $161K | $32K | — | as long as short |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2240 | −0.022% | — | — | 5x | as long as short |
| Hyperliquid SYRUP | +0.0160% | 1h | 0.2241 | +0.004% | $5.6M | $1.8M | 3x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0330% / S −0.1447% | 1h | 0.2240 | −0.009% | $3K | — | 50x | as long as short |
| Kraken Futures PF_SYRUPUSD | +0.0827% | 1h | 0.2240 | −0.013% | $41K | $24K | 10x | as long as short |
BingX SYRUP-USDT
Variational Omni SYRUP
Reya SYRUPRUSDPERP
Hyperliquid SYRUP
GMX SYRUP/USD [ETH-USDC]
Kraken Futures PF_SYRUPUSD