Funding you earn now, next payment 04:00 UTC−0.0754%/8h= −82.6% APRnext payment −$3.77 per $10,000 · paid last 24h −0.011%
Price spread now: BingX against Gate+0.331%7-day average +0.352% · you sell dearer than you buy
Net, funding: paid 7d − costs−$530as in the Funding arb table
Net, price: spread back to 7d avg − costs−$519as in the Price arb table
costs, in and out, $10k−$5175.171% of the position
Funding, last 7 days−0.125%−$13 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.331%, 7d avg +0.352%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and BingX is 0.022% cheaper against Gate than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.352%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.125% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.77 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 | 0.02420 | 0.3122 | pay 0.1561% / 4h | 2h 30m | $584K | $191K | 10x |
| Short | BingX SIREN-USDT | 0.02428 | 0.2368 | get 0.1184% / 4h | 2h 30m | — | $2.3M | — |
Gate SIREN_USDT
BingX SIREN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$158.34
- Price spread: +0.331% → +0.352%
- −$2.15
- Slippage, 4 orders
- −$492.13
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$677.62
- Costs to cover
- 5.171%
- Break-even
- never at this rate
Slippage from Gate: live order book, 36 min ago; BingX: live order book, 8 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, 36 min ago | 8.20 bp | 257.0 bp −$257 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 8.26 bp | 35.9 bp −$36 | 115.7 bp −$1,157 | 777.3 bp −$77.7K | 1111.2 bp −$555.6K |
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 | 0.02424 | +0.165% | $1K | $1.0M | 20x | as long as short |
| Bitget SIRENUSDT | +0.1002% | 4h | 0.02437 | +0.702% | $2.8M | $1.2M | 10x | as long as short |
| KuCoin SIRENUSDTM | +0.1718% | 4h | 0.02424 | +0.165% | $984K | $388K | 10x | as long as short |
| Aster SIRENUSDT | +0.2353% | 4h | 0.02420 | 0.000% | $212K | $81K | 5x | as long as short |
| BingX SIREN-USDTshort | +0.2368% | 4h | 0.02428 | +0.331% | — | $2.3M | — | |
| MEXC SIREN_USDT | +0.2376% | 4h | 0.02422 | +0.083% | $692K | $129K | 100x | as long as short |
| Binance SIRENUSDT | +0.2379% | 4h | 0.02423 | +0.125% | $8.4M | $3.3M | 10x | as long as short |
| Gate SIREN_USDTlong | +0.3122% | 4h | 0.02420 | long leg | $584K | $191K | 10x | |
| Bybit SIRENUSDT | +1.2956% | 4h | 0.02445 | +1.033% | $1.9M | $2.3M | 5x | as long as short |
SunX SIREN-USDT
Bitget SIRENUSDT
KuCoin SIRENUSDTM
Aster SIRENUSDT
MEXC SIREN_USDT
Binance SIRENUSDT
Bybit SIRENUSDT