SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0587%/8h= +64.3% APRnext payment +$0.73 per $10,000 · paid last 24h +0.949%

Price spread now: Kraken Futures against Lighter−0.199%7-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 Kraken Futures

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

Funding pays, the price is against you. Kraken Futures is 0.199% cheaper against Lighter than usual: you would sell low and buy high (spread −0.199% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 27 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SYRUP	0.2312	0.0096	pay 0.0012% / 1h	44m 26s	$210K	$220K	5x
Short	Kraken Futures PF_SYRUPUSD	0.2308	0.0683	get 0.0085% / 1h	44m 26s	$41K	$23K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.199%Rate

Funding earned: $123.25
Price spread: −0.199% → 0.000%: −$19.85
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $93.4
Costs to cover: 0.100%
Break-even: 1.7 days

Slippage unknown: Lighter: live order book, 16 min ago; Kraken Futures: 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, 16 min ago	13.89 bp	19.4 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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 SYRUPlong	+0.0096%	1h	0.2312	long leg	$210K	$220K	5x
Aster SYRUPUSDT	+0.0100%	4h	0.2307	−0.236%	$13K	$62K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2307	−0.220%	$9.6M	$6.6M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2309	−0.138%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2308	−0.190%	$1.2M	$1.0M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2308	−0.190%	$430K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2306	−0.277%	$3.0M	$581K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2315	+0.130%	$2.0M	$108K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2309	−0.147%	$671K	$440K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2308	−0.177%	—	$6.5M	—	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	0.2310	−0.118%	$166K	$46K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2309	−0.133%	—	—	5x	as long as short
BloFin SYRUP-USDT	+0.0150%	4h	0.2307	−0.234%	$459K	$133K	50x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0330% / S −0.1447%	1h	0.2307	−0.225%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSDshort	+0.0683%	1h	0.2308	−0.199%	$41K	$23K	10x
Hyperliquid SYRUP	+0.1074%	1h	0.2314	+0.069%	$5.9M	$1.5M	3x	as long as short