Funding arb · Price arb /

SIREN

all SIREN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.087%

Price spread now: SunX against Bybit−1.246%7-day average −0.526% · you buy dearer than you sell

Net, funding: paid 7d − costs−$379as in the Funding arb table

Net, price: spread back to 7d avg − costs−$377as in the Price arb table

costs, in and out, $10k−$3053.048% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.744%−$74 on $10k

Price spread, last 4 days (all we have)+0.928%+$93 · spread now −1.246%, 7d avg −0.526%

Together, before fees+0.184%+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.720% cheaper against Bybit than usual: you would sell low and buy high, −$72 on $10k if it goes back to its 7-day average of −0.526%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SIRENUSDT	0.02487	0.0100	pay 0.0050% / 4h	3h 03m	$1.9M	$2.9M	5x
Short	SunX SIREN-USDT	0.02456	0.0100	get 0.0050% / 4h	3h 03m	$2K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee SunXbpOrdersPrice spread, now −1.246%Rate

Funding earned: $0
Price spread: −1.246% → −0.526%: −$72.02
Slippage, 4 orders: −$285.81
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$376.84
Costs to cover: 3.048%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; SunX: live order book, 9 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, 3 min ago	2.01 bp	32.4 bp −$32	154.2 bp −$1,542	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	32.55 bp	139.2 bp −$139	doesn't fit	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
Bybit SIRENUSDTlong	+0.0100%	4h	0.02487	long leg	$1.9M	$2.9M	5x
SunX SIREN-USDTshort	+0.0100%	4h	0.02456	−1.246%	$2K	$1.1M	20x
Bitget SIRENUSDT	+0.0572%	4h	0.02471	−0.643%	$2.8M	$1.6M	10x	as long as short
KuCoin SIRENUSDTM	+0.1332%	4h	0.02457	−1.206%	$1.0M	$432K	10x	as long as short
Aster SIRENUSDT	+0.1373%	4h	0.02453	−1.364%	$218K	$66K	5x	as long as short
MEXC SIREN_USDT	+0.1598%	4h	0.02454	−1.327%	$700K	$131K	100x	as long as short
BingX SIREN-USDT	+0.1600%	4h	0.02458	−1.166%	—	$2.3M	—	as long as short
Binance SIRENUSDT	+0.1614%	4h	0.02455	−1.303%	$8.6M	$3.4M	10x	as long as short
Gate SIREN_USDT	+0.2696%	4h	0.02448	−1.568%	$580K	$199K	10x	as long as short