Settings8H · net · $10k
Funding arb · Price arb /

SIREN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.1348%/8h= −147.7% APRnext payment $6.74 per $10,000 · paid last 24h −0.038%
Price spread now: Bitget against Aster+0.579%7-day average +0.615% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1011.014% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.023%−$2 on $10k
Price spread, last 4 days (all we have)+0.053%+$5 · spread now +0.579%, 7d avg +0.615%
Together, before fees+0.030%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Bitget is 0.037% cheaper against Aster than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.615%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.023% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about $6.74 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SIRENUSDT0.024200.2352pay 0.1176% / 4h2h 33m$212K$81K5x
ShortBitget SIRENUSDT0.024340.1004get 0.0502% / 4h2h 33m$2.8M$1.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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

Funding earned
−$283.19
Price spread: +0.579% → +0.615%
−$3.68
Slippage, 4 orders
−$81.37
Fee Aster: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$388.24
Costs to cover
1.014%
Break-even
never at this rate
Slippage from Aster: live order book, 34 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 34 min ago8.20 bp24.9 bp −$25249.9 bp −$2,499doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago6.16 bp25.6 bp −$26425.3 bp −$4,253doesn't fitdoesn't fit

SIREN on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SIREN-USDT+0.0100%4h0.02421+0.041%$1K$1.0M20xas long as short
Bitget SIRENUSDTshort+0.1004%4h0.02434+0.579%$2.8M$1.2M10x
KuCoin SIRENUSDTM+0.1706%4h0.02427+0.289%$986K$389K10xas long as short
BingX SIREN-USDT+0.2344%4h0.02424+0.165%$2.3Mas long as short
Aster SIRENUSDTlong+0.2352%4h0.02420long leg$212K$81K5x
MEXC SIREN_USDT+0.2366%4h0.02421+0.041%$692K$129K100xas long as short
Binance SIRENUSDT+0.2379%4h0.02421+0.047%$8.4M$3.3M10xas long as short
Gate SIREN_USDT+0.3180%4h0.02415−0.207%$585K$189K10xas long as short
Bybit SIRENUSDT+1.2904%4h0.02443+0.950%$1.9M$2.3M5xas long as short