SYRUP arbitrage between HyperLiquid and Astar DEX: we compare the price of SYRUP on HyperLiquid (futures) and Astar DEX (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Maple Finance

- Maple is 'DeFi's Institutional Lender'. Maple Finance lending engine powers institutional yield for both Maple and Syrup; providing lenders with institutional quality yield overcollateralized by digital assets. The protocol combines the best of institutional lending and DeFi. Syrup is the team's newest product, offering permissionless access to Maple's lending engine whilst also integrated with the broader DeFi ecosystem including Balancer and Pendle Finance.

Decentralized Finance (DeFi), Yield Farming, Lending/Borrowing Protocols, Ethereum Ecosystem

Open interest in SYRUP right now — $18.5M: Binance $5.6M, BingX $5.5M, KuCoin $2.6M, HyperLiquid $2.0M, Bybit $1.3M. See OI SYRUP.

News about SYRUP

Maple Finance selects Ethena’s USDtb as core liquidity buffer asset

About SYRUP arbitrage

How do I read the SYRUP spread?

The spread is how many percent higher SYRUP trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and Astar DEX. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get SYRUP alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.