Funding you earn now, next payment 04:00 UTC−0.4795%/8h= −525.0% APRnext payment −$23.97 per $10,000 · paid last 24h +0.336%
Price spread now: BingX against Bybit−0.332%7-day average −0.502% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1401.401% of the position
Funding, last 7 days+0.728%+$73 on $10k
+Price spread, last 7 days+0.007%+$1 · spread now −0.332%, 7d avg −0.502%
=The price spread pays, funding is against you. BingX is 0.170% dearer against Bybit than usual: you sell high and buy low (spread −0.332% now, against its 7-day average of −0.502%): +$17 on $10k if it goes back. Holding the pair costs −$144 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 7 days funding on this pair paid +0.728%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.728% in total (about 37.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$23.97 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 | Bybit SIRENUSDT | 0.02412 | 0.6435 | pay 0.3217% / 4h | 50m 02s | $1.9M | $2.4M | 5x |
| Short | BingX SIREN-USDT | 0.02404 | 0.1640 | get 0.0820% / 4h | 50m 02s | — | $2.3M | — |
Bybit SIRENUSDT
BingX SIREN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- −$1,006.88
- Price spread: −0.332% → −0.502%
- $17.05
- Slippage, 4 orders
- −$119.07
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,129.9
- Costs to cover
- 1.401%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 14 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 Bybit live order book, 2 min ago | 6.21 bp | 29.6 bp −$30 | 154.3 bp −$1,543 | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 6.24 bp | 49.2 bp −$49 | 118.6 bp −$1,186 | 714.5 bp −$71.5K | 1124.6 bp −$562.3K |
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 | 0.02404 | −0.332% | $1K | $1.0M | 20x | as long as short |
| Bitget SIRENUSDT | +0.1016% | 4h | 0.02417 | +0.207% | $2.8M | $1.3M | 10x | as long as short |
| MEXC SIREN_USDT | +0.1632% | 4h | 0.02403 | −0.373% | $686K | $127K | 100x | as long as short |
| Binance SIRENUSDT | +0.1633% | 4h | 0.02401 | −0.456% | $8.3M | $3.3M | 10x | as long as short |
| BingX SIREN-USDTshort | +0.1640% | 4h | 0.02404 | −0.332% | — | $2.3M | — | |
| KuCoin SIRENUSDTM | +0.1644% | 4h | 0.02404 | −0.332% | $981K | $402K | 10x | as long as short |
| Aster SIRENUSDT | +0.1681% | 4h | 0.02404 | −0.317% | $212K | $80K | 5x | as long as short |
| Gate SIREN_USDT | +0.1990% | 4h | 0.02397 | −0.622% | $569K | $197K | 10x | as long as short |
| Bybit SIRENUSDTlong | +0.6435% | 4h | 0.02412 | long leg | $1.9M | $2.4M | 5x |
SunX SIREN-USDT
Bitget SIRENUSDT
MEXC SIREN_USDT
Binance SIRENUSDT
KuCoin SIRENUSDTM
Aster SIRENUSDT
Gate SIREN_USDT