Settings8H · net · $10k
Funding arb · Price arb /

SIREN

all SIREN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0386%/8h= +42.3% APRnext payment +$1.93 per $10,000 · paid last 24h +0.097%
Price spread now: KuCoin against Bitget−0.490%7-day average −0.404% · you buy dearer than you sell
Net, funding: paid 7d − costs−$713as in the Funding arb table
Net, price: spread back to 7d avg − costs−$795as in the Price arb table
costs, in and out, $10k−$7867.859% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.728%+$73 on $10k
Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.490%, 7d avg −0.404%
Together, before fees+0.849%+$85 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.086% cheaper against Bitget than usual: you would sell low and buy high (spread −0.490% now, against its 7-day average of −0.404%). If the spread goes back, that is −$9 on $10k: about 18 hours of funding at the current rate (+$12 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SIRENUSDT0.024480.0934pay 0.0467% / 4h2h 16m$2.8M$1.5M10x
ShortKuCoin SIRENUSDTM0.024360.1320get 0.0660% / 4h2h 16m$995K$435K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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
$81.06
Price spread: −0.490% → −0.404%
−$8.63
Slippage, 4 orders
−$761.9
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$713.47
Costs to cover
7.859%
Break-even
68.6 days
Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 13 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 Bitget live order book, 1 min ago10.21 bp26.4 bp −$26303.3 bp −$3,033doesn't fitdoesn't fit
Sell KuCoin live order book, 13 min ago14.42 bp368.5 bp −$368doesn't fitdoesn'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
Bybit SIRENUSDT−0.2646%4h0.02463+0.613%$1.9M$2.8M5xas long as short
SunX SIREN-USDT+0.0100%4h0.02438−0.408%$1K$1.1M20xas long as short
Bitget SIRENUSDTlong+0.0934%4h0.02448long leg$2.8M$1.5M10x
Aster SIRENUSDT+0.1169%4h0.02432−0.638%$214K$81K5xas long as short
KuCoin SIRENUSDTMshort+0.1320%4h0.02436−0.490%$995K$435K10x
BingX SIREN-USDT+0.1342%4h0.02439−0.368%$2.3Mas long as short
MEXC SIREN_USDT+0.1358%4h0.02436−0.490%$697K$130K100xas long as short
Binance SIRENUSDT+0.1368%4h0.02436−0.490%$8.4M$3.5M10xas long as short
Gate SIREN_USDT+0.2188%4h0.02430−0.735%$570K$202K10xas long as short