SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1205%/8h= +131.9% APRnext payment +$1.51 per $10,000 · paid last 24h +0.343%

Price spread now: GMX against Lighter−0.318%99s7-day average — · you buy dearer than you sell

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

Long on Lighter 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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.318% cheaper against Lighter than usual: you would sell low and buy high (spread −0.318% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$32 on $10k: about 21 hours of funding at the current rate (+$36 a day). The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SYRUP	0.2196	0.0096	pay 0.0012% / 1h	13m 42s	$200K	$220K	5x
Short	GMX SYRUP/USD [ETH-USDC]	0.2189	L +0.0313% / S −0.1301%	get 0.0163% / 1h	13m 42s	$2K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. 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 LighterbpFee GMXbpOrdersPrice spread, now −0.318%Rate

Funding earned: $253.02
Price spread: −0.318% → 0.000%: −$31.83
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $209.19
Costs to cover: 0.120%
Break-even: 1.2 days

Slippage unknown: Lighter: live order book, 6 min ago; 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 Lighter live order book, 6 min ago	18.69 bp	19.1 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 SYRUPlong	+0.0096%	1h	0.2196	long leg	$200K	$220K	5x
Aster SYRUPUSDT	+0.0100%	4h	0.2186	−0.446%	$14K	$73K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2193	−0.114%	$8.9M	$7.2M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2194	−0.087%	$2.1M	$2.4M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2193	−0.132%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2188	−0.351%	$402K	$62K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2193	−0.132%	$2.9M	$413K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2191	−0.228%	$1.8M	$152K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2194	−0.087%	$701K	$481K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2192	−0.178%	—	$6.6M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SYRUP	+0.0100%	4h	0.2189	−0.323%	$156K	$24K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2189	−0.320%	—	—	5x	as long as short
BloFin SYRUP-USDT	+0.0155%	4h	0.2188	−0.369%	$416K	$134K	50x	as long as short
Hyperliquid SYRUP	+0.0175%	1h	0.2197	+0.027%	$5.4M	$1.8M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]short	L +0.0313% / S −0.1301%	1h	0.2189	−0.318%	$2K	—	50x
Kraken Futures PF_SYRUPUSD	+0.1627%	1h	0.2194	−0.087%	$40K	$21K	10x	as long as short