Funding you earn now, next payment 04:00 UTC−0.1375%/8h= −150.5% APRnext payment −$6.87 per $10,000 · paid last 24h −0.006%
Price spread now: Binance against Gate+0.085%7-day average +0.174% · you sell dearer than you buy
Net, funding: paid 7d − costs−$388as in the Funding arb table
Net, price: spread back to 7d avg − costs−$384as in the Price arb table
costs, in and out, $10k−$3763.756% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 4 days (all we have)+0.199%+$20 · spread now +0.085%, 7d avg +0.174%
=Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Binance is 0.089% cheaper against Gate than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.174%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.87 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 | Gate SIREN_USDT | 0.02433 | 0.3416 | pay 0.1708% / 4h | 3h 18m | $594K | $189K | 10x |
| Short | Binance SIRENUSDT | 0.02435 | 0.2041 | get 0.1021% / 4h | 3h 18m | $8.5M | $3.2M | 10x |
Gate SIREN_USDT
Binance SIRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- −$288.66
- Price spread: +0.085% → +0.174%
- −$8.88
- Slippage, 4 orders
- −$350.58
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$673.12
- Costs to cover
- 3.756%
- Break-even
- never at this rate
Slippage from Gate: live order book, 53 min ago; Binance: live order book, 6 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 Gate live order book, 53 min ago | 8.26 bp | 107.9 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 2.05 bp | 34.4 bp −$34 | 162.5 bp −$1,625 | 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 SIRENUSDT | −0.1214% | 4h | 0.02447 | +0.575% | $1.9M | $2.2M | 5x | as long as short |
| SunX SIREN-USDT | +0.0100% | 4h | 0.02436 | +0.123% | $2K | $997K | 20x | as long as short |
| Bitget SIRENUSDT | +0.0714% | 4h | 0.02451 | +0.740% | $2.8M | $1.1M | 10x | as long as short |
| KuCoin SIRENUSDTM | +0.1466% | 4h | 0.02439 | +0.247% | $978K | $372K | 10x | as long as short |
| Aster SIRENUSDT | +0.1943% | 4h | 0.02437 | +0.181% | $214K | $81K | 5x | as long as short |
| BingX SIREN-USDT | +0.1986% | 4h | 0.02440 | +0.288% | — | $2.3M | — | as long as short |
| MEXC SIREN_USDT | +0.2022% | 4h | 0.02435 | +0.082% | $696K | $129K | 100x | as long as short |
| Binance SIRENUSDTshort | +0.2041% | 4h | 0.02435 | +0.085% | $8.5M | $3.2M | 10x | |
| Gate SIREN_USDTlong | +0.3416% | 4h | 0.02433 | long leg | $594K | $189K | 10x |
Bybit SIRENUSDT
SunX SIREN-USDT
Bitget SIRENUSDT
KuCoin SIRENUSDTM
Aster SIRENUSDT
BingX SIREN-USDT
MEXC SIREN_USDT