Funding you earn now, next payment 04:00 UTC+1.0588%/8h= +1159.3% APRnext payment +$52.94 per $10,000 · paid last 24h −0.333%
Price spread now: Bybit against BingX+0.700%7-day average +0.501% · you sell dearer than you buy
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1291.288% of the position
Funding, last 7 days−0.725%−$73 on $10k
+Price spread, last 7 days−0.554%−$55 · spread now +0.700%, 7d avg +0.501%
=Both sides work for this trade now. Funding pays +$318 a day on $10k at the current rate, and Bybit is 0.199% dearer against BingX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.501%. Mind the row above: over the last 7 days funding on this pair cost −0.725%, 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 7 days it paid -0.725% in total (about -37.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$52.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SIREN-USDT | 0.02428 | 0.2368 | pay 0.1184% / 4h | 2h 30m | — | $2.3M | — |
| Short | Bybit SIRENUSDT | 0.02445 | 1.2956 | get 0.6478% / 4h | 2h 30m | $1.9M | $2.3M | 5x |
BingX SIREN-USDT
Bybit SIRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $2,223.4
- Price spread: +0.700% → +0.501%
- $19.88
- Slippage, 4 orders
- −$107.83
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $2,114.45
- Costs to cover
- 1.288%
- Break-even
- 0.3 days
Slippage from BingX: live order book, 9 min ago; Bybit: live order book, 2 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 BingX live order book, 9 min ago | 8.26 bp | 35.5 bp −$36 | 126.3 bp −$1,263 | 801.3 bp −$80.1K | 1157.5 bp −$578.7K |
| Sell Bybit live order book, 2 min ago | 6.13 bp | 28.1 bp −$28 | 144.7 bp −$1,447 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX SIREN-USDT | +0.0100% | 4h | 0.02424 | −0.165% | $1K | $1.0M | 20x | as long as short |
| Bitget SIRENUSDT | +0.1002% | 4h | 0.02438 | +0.412% | $2.8M | $1.2M | 10x | as long as short |
| KuCoin SIRENUSDTM | +0.1718% | 4h | 0.02430 | +0.082% | $987K | $388K | 10x | as long as short |
| Aster SIRENUSDT | +0.2353% | 4h | 0.02420 | −0.329% | $212K | $81K | 5x | as long as short |
| BingX SIREN-USDTlong | +0.2368% | 4h | 0.02428 | long leg | — | $2.3M | — | |
| MEXC SIREN_USDT | +0.2376% | 4h | 0.02425 | −0.124% | $693K | $129K | 100x | as long as short |
| Binance SIRENUSDT | +0.2379% | 4h | 0.02426 | −0.082% | $8.4M | $3.3M | 10x | as long as short |
| Gate SIREN_USDT | +0.3122% | 4h | 0.02420 | −0.329% | $584K | $191K | 10x | as long as short |
| Bybit SIRENUSDTshort | +1.2956% | 4h | 0.02445 | +0.700% | $1.9M | $2.3M | 5x |
SunX SIREN-USDT
Bitget SIRENUSDT
KuCoin SIRENUSDTM
Aster SIRENUSDT
MEXC SIREN_USDT
Binance SIRENUSDT
Gate SIREN_USDT