Funding you earn now, next payment 04:00 UTC−0.2742%/8h= −300.2% APRnext payment −$13.71 per $10,000 · paid last 24h −0.067%
Price spread now: Bitget against Gate+0.903%7-day average +0.731% · you sell dearer than you buy
Net, funding: paid 7d − costs−$407as in the Funding arb table
Net, price: spread back to 7d avg − costs−$344as in the Price arb table
costs, in and out, $10k−$3613.607% of the position
Funding, last 7 days−0.459%−$46 on $10k
+Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.903%, 7d avg +0.731%
=The price spread pays, funding is against you. Bitget is 0.172% dearer against Gate than usual: you sell high and buy low (spread +0.903% now, against its 7-day average of +0.731%): +$17 on $10k if it goes back. Holding the pair costs −$82 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.459% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.459% in total (about -23.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$13.71 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 | 0.02436 | 0.3458 | pay 0.1729% / 4h | 3h 19m | $594K | $189K | 10x |
| Short | Bitget SIRENUSDT | 0.02458 | 0.0716 | get 0.0358% / 4h | 3h 19m | $2.8M | $1.1M | 10x |
Gate SIREN_USDT
Bitget SIRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$575.82
- Price spread: +0.903% → +0.731%
- $17.17
- Slippage, 4 orders
- −$333.7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$919.35
- Costs to cover
- 3.607%
- Break-even
- never at this rate
Slippage from Gate: live order book, 52 min ago; Bitget: live order book, 3 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, 52 min ago | 8.26 bp | 107.9 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 8.14 bp | 25.8 bp −$26 | 532.2 bp −$5,322 | 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 | −0.1188% | 4h | 0.02474 | +1.560% | $1.9M | $2.2M | 5x | as long as short |
| SunX SIREN-USDT | +0.0100% | 4h | 0.02440 | +0.164% | $2K | $995K | 20x | as long as short |
| Bitget SIRENUSDTshort | +0.0716% | 4h | 0.02458 | +0.903% | $2.8M | $1.1M | 10x | |
| KuCoin SIRENUSDTM | +0.1470% | 4h | 0.02442 | +0.246% | $980K | $372K | 10x | as long as short |
| Aster SIRENUSDT | +0.1924% | 4h | 0.02440 | +0.164% | $214K | $81K | 5x | as long as short |
| BingX SIREN-USDT | +0.1962% | 4h | 0.02443 | +0.287% | — | $2.3M | — | as long as short |
| MEXC SIREN_USDT | +0.2022% | 4h | 0.02440 | +0.164% | $698K | $129K | 100x | as long as short |
| Binance SIRENUSDT | +0.2022% | 4h | 0.02439 | +0.123% | $8.5M | $3.2M | 10x | as long as short |
| Gate SIREN_USDTlong | +0.3458% | 4h | 0.02436 | long leg | $594K | $189K | 10x |
Bybit SIRENUSDT
SunX SIREN-USDT
KuCoin SIRENUSDTM
Aster SIRENUSDT
BingX SIREN-USDT
MEXC SIREN_USDT
Binance SIRENUSDT