Funding you earn now, next payment 04:00 UTC+1.1913%/8h= +1304.5% APRnext payment +$59.57 per $10,000 · paid last 24h −0.277%
Price spread now: Bybit against Bitget+0.328%7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$1091.090% of the position
Funding, last 7 days−0.392%−$39 on $10k
+Price spread, last 7 days−0.514%−$51 · spread now +0.328%, 7d avg +0.135%
=Both sides work for this trade now. Funding pays +$357 a day on $10k at the current rate, and Bybit is 0.193% dearer against Bitget than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.135%. Mind the row above: over the last 7 days funding on this pair cost −0.392%, 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 -0.392% in total (about -20.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$59.57 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 | 0.02437 | 0.1000 | pay 0.0500% / 4h | 2h 31m | $2.8M | $1.2M | 10x |
| Short | Bybit SIRENUSDT | 0.02445 | 1.2913 | get 0.6457% / 4h | 2h 31m | $1.9M | $2.3M | 5x |
Bitget SIRENUSDT
Bybit SIRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $2,501.78
- Price spread: +0.328% → +0.135%
- $19.34
- Slippage, 4 orders
- −$86.04
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $2,412.08
- Costs to cover
- 1.090%
- Break-even
- 0.3 days
Slippage from Bitget: live order book, 6 min ago; Bybit: live order book, 5 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, 6 min ago | 6.16 bp | 25.3 bp −$25 | 316.4 bp −$3,164 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 6.14 bp | 29.5 bp −$30 | 149.0 bp −$1,490 | 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 | 0.02427 | −0.410% | $2K | $1.0M | 20x | as long as short |
| Bitget SIRENUSDTlong | +0.1000% | 4h | 0.02437 | long leg | $2.8M | $1.2M | 10x | |
| KuCoin SIRENUSDTM | +0.1710% | 4h | 0.02428 | −0.369% | $986K | $389K | 10x | as long as short |
| Aster SIRENUSDT | +0.2351% | 4h | 0.02420 | −0.698% | $212K | $81K | 5x | as long as short |
| BingX SIREN-USDT | +0.2368% | 4h | 0.02426 | −0.451% | — | $2.3M | — | as long as short |
| MEXC SIREN_USDT | +0.2378% | 4h | 0.02422 | −0.616% | $692K | $129K | 100x | as long as short |
| Binance SIRENUSDT | +0.2379% | 4h | 0.02423 | −0.574% | $8.4M | $3.3M | 10x | as long as short |
| Gate SIREN_USDT | +0.3172% | 4h | 0.02422 | −0.616% | $585K | $190K | 10x | as long as short |
| Bybit SIRENUSDTshort | +1.2913% | 4h | 0.02445 | +0.328% | $1.9M | $2.3M | 5x |
SunX SIREN-USDT
KuCoin SIRENUSDTM
Aster SIRENUSDT
BingX SIREN-USDT
MEXC SIREN_USDT
Binance SIRENUSDT
Gate SIREN_USDT