Funding you earn now, next payment 00:00 UTC−0.1076%/8h= −117.8% APRnext payment −$5.38 per $10,000 · paid last 24h −0.211%
Price spread now: Bybit against Gate+1.072%7-day average +0.731% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,383as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,279as in the Price arb table
costs, in and out, $10k−$1,31313.135% of the position
Funding, last 7 days−0.692%−$69 on $10k
+Price spread, last 4 days (all we have)−0.289%−$29 · spread now +1.072%, 7d avg +0.731%
=The price spread pays, funding is against you. Bybit is 0.340% dearer against Gate than usual: you sell high and buy low (spread +1.072% now, against its 7-day average of +0.731%): +$34 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.692% in total) that is about 3.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.692% in total (about -36.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.38 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 | 0.02426 | 0.1176 | pay 0.0588% / 4h | 1h 39m | $592K | $186K | 10x |
| Short | Bybit SIRENUSDT | 0.02452 | 0.0100 | get 0.0050% / 4h | 1h 39m | $1.9M | $2.0M | 5x |
Gate SIREN_USDT
Bybit SIRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$225.96
- Price spread: +1.072% → +0.731%
- $34.04
- Slippage, 4 orders
- −$1,287.5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,505.42
- Costs to cover
- 13.135%
- Break-even
- never at this rate
Slippage from Gate: live order book, 42 min ago; Bybit: live order book, 2 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, 42 min ago | 6.18 bp | 1138.3 bp −$1,138 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 6.12 bp | 31.8 bp −$32 | 191.1 bp −$1,911 | 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 SIRENUSDTshort | +0.0100% | 4h | 0.02452 | +1.072% | $1.9M | $2.0M | 5x | |
| SunX SIREN-USDT | +0.0100% | 4h | 0.02428 | +0.082% | $1K | $970K | 20x | as long as short |
| Aster SIRENUSDT | +0.0474% | 4h | 0.02425 | −0.041% | $213K | $78K | 5x | as long as short |
| Binance SIRENUSDT | +0.0712% | 4h | 0.02429 | +0.114% | $8.4M | $3.2M | 10x | as long as short |
| BingX SIREN-USDT | +0.0716% | 4h | 0.02432 | +0.247% | — | $2.3M | — | as long as short |
| MEXC SIREN_USDT | +0.0718% | 4h | 0.02427 | +0.041% | $700K | $125K | 100x | as long as short |
| Bitget SIRENUSDT | +0.0828% | 4h | 0.02441 | +0.618% | $2.8M | $955K | 10x | as long as short |
| KuCoin SIRENUSDTM | +0.0998% | 4h | 0.02432 | +0.247% | $988K | $356K | 10x | as long as short |
| Gate SIREN_USDTlong | +0.1176% | 4h | 0.02426 | long leg | $592K | $186K | 10x |
SunX SIREN-USDT
Aster SIRENUSDT
Binance SIRENUSDT
BingX SIREN-USDT
MEXC SIREN_USDT
Bitget SIRENUSDT
KuCoin SIRENUSDTM