Funding you earn now, next payment 04:00 UTC+0.0607%/8h= +66.5% APRnext payment +$3.03 per $10,000 · paid last 24h +0.061%
Price spread now: Binance against Bitget−0.620%7-day average −0.539% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1271.274% of the position
Funding, last 7 days+0.336%+$34 on $10k
+Price spread, last 7 days+0.080%+$8 · spread now −0.620%, 7d avg −0.539%
=Funding pays, the price is against you. Binance is 0.081% cheaper against Bitget than usual: you would sell low and buy high (spread −0.620% now, against its 7-day average of −0.539%). If the spread goes back, that is −$8 on $10k: about 11 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.336% in total) that is about 41 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.336% in total (about 17.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.03 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 | Bitget SIRENUSDT | 0.02419 | 0.1034 | pay 0.0517% / 4h | 52m 26s | $2.8M | $1.3M | 10x |
| Short | Binance SIRENUSDT | 0.02404 | 0.1641 | get 0.0820% / 4h | 52m 26s | $8.3M | $3.3M | 10x |
Bitget SIRENUSDT
Binance SIRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $127.45
- Price spread: −0.620% → −0.539%
- −$8.1
- Slippage, 4 orders
- −$105.41
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$8.06
- Costs to cover
- 1.274%
- Break-even
- 7.4 days
Slippage from Bitget: live order book, 5 min ago; Binance: 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 Bitget live order book, 5 min ago | 6.20 bp | 32.9 bp −$33 | 381.9 bp −$3,819 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 2.08 bp | 37.5 bp −$37 | 170.3 bp −$1,703 | 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 | 0.02411 | −0.331% | $1K | $1.0M | 20x | as long as short |
| Bitget SIRENUSDTlong | +0.1034% | 4h | 0.02419 | long leg | $2.8M | $1.3M | 10x | |
| MEXC SIREN_USDT | +0.1638% | 4h | 0.02403 | −0.661% | $688K | $127K | 100x | as long as short |
| BingX SIREN-USDT | +0.1640% | 4h | 0.02408 | −0.455% | — | $2.3M | — | as long as short |
| Binance SIRENUSDTshort | +0.1641% | 4h | 0.02404 | −0.620% | $8.3M | $3.3M | 10x | |
| KuCoin SIRENUSDTM | +0.1662% | 4h | 0.02408 | −0.455% | $983K | $402K | 10x | as long as short |
| Aster SIRENUSDT | +0.1690% | 4h | 0.02404 | −0.627% | $212K | $80K | 5x | as long as short |
| Gate SIREN_USDT | +0.2006% | 4h | 0.02398 | −0.868% | $568K | $195K | 10x | as long as short |
| Bybit SIRENUSDT | +0.6531% | 4h | 0.02418 | −0.041% | $1.9M | $2.4M | 5x | as long as short |
SunX SIREN-USDT
MEXC SIREN_USDT
BingX SIREN-USDT
KuCoin SIRENUSDTM
Aster SIRENUSDT
Gate SIREN_USDT
Bybit SIRENUSDT