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+0.4863%/8h= +532.5% APRnext payment +$24.32 per $10,000 · paid last 24h −0.317%
Price spread now: Bybit against Aster+0.614%7-day average +0.620% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1111.111% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.077%−$8 on $10k
Price spread, last 4 days (all we have)−0.240%−$24 · spread now +0.614%, 7d avg +0.620%
Together, before fees−0.317%+ Points / potential airdropAster: Stage 5 · farm board−$32 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.620%, so right now this pair is about funding alone: +$146 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.077% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$24.32 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 SIRENUSDT0.024050.1689pay 0.0845% / 4h53m 38s$212K$80K5x
ShortBybit SIRENUSDT0.024200.6552get 0.3276% / 4h53m 38s$1.9M$2.4M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$1,021.23
Price spread: +0.614% → +0.620%
−$0.64
Slippage, 4 orders
−$92.08
Fee Aster: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$909.51
Costs to cover
1.111%
Break-even
0.8 days
Slippage from Aster: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago8.30 bp18.6 bp −$19165.2 bp −$1,652doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago4.13 bp33.5 bp −$34150.6 bp −$1,506doesn'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%4h0.02411+0.239%$2K$1.0M20xas long as short
Bitget SIRENUSDT+0.1028%4h0.02419+0.572%$2.8M$1.3M10xas long as short
MEXC SIREN_USDT+0.1638%4h0.02408+0.115%$690K$127K100xas long as short
Binance SIRENUSDT+0.1640%4h0.02408+0.115%$8.3M$3.3M10xas long as short
KuCoin SIRENUSDTM+0.1664%4h0.02410+0.198%$992K$401K10xas long as short
Aster SIRENUSDTlong+0.1689%4h0.02405long leg$212K$80K5x
BingX SIREN-USDT+0.1730%4h0.02412+0.281%$2.3Mas long as short
Gate SIREN_USDT+0.2006%4h0.02401−0.176%$569K$195K10xas long as short
Bybit SIRENUSDTshort+0.6552%4h0.02420+0.614%$1.9M$2.4M5x