SIREN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.26 per $10,000 · paid last 24h +0.056%

Price spread now: KuCoin against Binance+0.164%7-day average +0.158% · you sell dearer than you buy

Net, funding: paid 7d − costs−$786as in the Funding arb table

Net, price: spread back to 7d avg − costs−$829as in the Price arb table

costs, in and out, $10k−$8308.300% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.439%+$44 on $10k

Price spread, last 4 days (all we have)+0.015%+$1 · spread now +0.164%, 7d avg +0.158%

Together, before fees+0.454%+$45 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.158%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.439%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SIRENUSDT	0.02444	0.1546	pay 0.0773% / 4h	3h 38m	$8.5M	$3.5M	10x
Short	KuCoin SIRENUSDTM	0.02448	0.1494	get 0.0747% / 4h	3h 38m	$1.0M	$430K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.164%Rate

Funding earned: −$10.97
Price spread: +0.164% → +0.158%: $0.58
Slippage, 4 orders: −$807.96
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$840.35
Costs to cover: 8.300%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 6 min ago.

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 Binance live order book, 15 min ago	2.04 bp	37.4 bp −$37	195.9 bp −$1,959	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	8.16 bp	501.5 bp −$502	doesn't fit	doesn't fit	doesn't fit

SIREN on 9 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
Bybit SIRENUSDT	+0.0100%	4h	0.02476	+1.309%	$1.9M	$2.9M	5x	as long as short
SunX SIREN-USDT	+0.0100%	4h	0.02446	+0.082%	$2K	$1.1M	20x	as long as short
Bitget SIRENUSDT	+0.0660%	4h	0.02460	+0.655%	$2.8M	$1.6M	10x	as long as short
Gate SIREN_USDT	+0.1142%	4h	0.02439	−0.205%	$580K	$191K	10x	as long as short
Aster SIRENUSDT	+0.1355%	4h	0.02444	−0.018%	$218K	$69K	5x	as long as short
KuCoin SIRENUSDTMshort	+0.1494%	4h	0.02448	+0.164%	$1.0M	$430K	10x
Binance SIRENUSDTlong	+0.1546%	4h	0.02444	long leg	$8.5M	$3.5M	10x
MEXC SIREN_USDT	+0.1570%	4h	0.02445	+0.041%	$704K	$127K	100x	as long as short
BingX SIREN-USDT	+0.1622%	4h	0.02448	+0.164%	—	$2.3M	—	as long as short