SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.134%

Price spread now: Hyperliquid against Lighter+0.045%7-day average +0.128% · you sell dearer than you buy

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

Long on Lighter Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.415%+$41 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now +0.045%, 7d avg +0.128%

Together, before fees+0.492%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$49 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: Hyperliquid is 0.083% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SYRUP	0.2200	0.0096	pay 0.0012% / 1h	15m 42s	$205K	$220K	5x
Short	Hyperliquid SYRUP	0.2201	0.0100	get 0.0013% / 1h	15m 42s	$5.4M	$1.9M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0.84
Price spread: +0.045% → +0.128%: −$8.32
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$16.48
Costs to cover: 0.090%
Break-even: 144.3 days

Slippage unknown: Lighter: live order book, 14 min ago; Hyperliquid: live order book, 6 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 Lighter live order book, 14 min ago	11.62 bp	11.9 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	2.05 bp	doesn't fit	doesn't fit	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
Kraken Futures PF_SYRUPUSD	−0.0417%	1h	0.2197	−0.144%	$39K	$24K	10x	as long as short
Lighter SYRUPlong	+0.0096%	1h	0.2200	long leg	$205K	$220K	5x
Hyperliquid SYRUPshort	+0.0100%	1h	0.2201	+0.045%	$5.4M	$1.9M	3x
Aster SYRUPUSDT	+0.0100%	4h	0.2196	−0.171%	$14K	$69K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2197	−0.154%	$8.9M	$7.6M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2198	−0.100%	$2.2M	$2.6M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2196	−0.191%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2195	−0.218%	$404K	$66K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2196	−0.191%	$2.8M	$426K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2198	−0.105%	$1.9M	$157K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDT	+0.0100%	4h	0.2199	−0.055%	$692K	$511K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2197	−0.164%	—	$6.6M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2199	−0.048%	$157K	$27K	—	as long as short
BloFin SYRUP-USDT	+0.0120%	4h	0.2199	−0.055%	$417K	$125K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2199	−0.077%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0313% / S −0.1301%	1h	0.2198	−0.095%	$2K	—	50x	as long as short