Settings8H · net · $10k
Funding arb · Price arb /

SIREN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0698%/8h= +76.4% APRnext payment +$3.49 per $10,000 · paid last 24h −0.060%
Price spread now: KuCoin against Gate+0.369%7-day average +0.333% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,142as in the Price arb table
costs, in and out, $10k−$1,14611.457% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.263%+$26 on $10k
Price spread, last 4 days (all we have)+0.070%+$7 · spread now +0.369%, 7d avg +0.333%
Together, before fees+0.333%+$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and KuCoin is 0.035% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.333%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.263% in total (about 13.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.49 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate SIREN_USDT0.024410.0924pay 0.0462% / 4h3h 52m$580K$191K10x
ShortKuCoin SIRENUSDTM0.024500.1622get 0.0811% / 4h3h 52m$1.0M$427K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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

Funding earned
$146.58
Price spread: +0.369% → +0.333%
$3.54
Slippage, 4 orders
−$1,118.71
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$995.59
Costs to cover
11.457%
Break-even
54.5 days
Slippage from Gate: live order book, 44 min ago; KuCoin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 44 min ago8.21 bp88.7 bp −$89doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago10.19 bp418.8 bp −$419doesn't fitdoesn't fitdoesn't fit

SIREN on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SIRENUSDT+0.0100%4h0.02478+1.516%$1.9M$2.9M5xas long as short
SunX SIREN-USDT+0.0100%4h0.02448+0.287%$2K$1.2M20xas long as short
Bitget SIRENUSDT+0.0750%4h0.02462+0.860%$2.8M$1.6M10xas long as short
Gate SIREN_USDTlong+0.0924%4h0.02441long leg$580K$191K10x
Aster SIRENUSDT+0.1549%4h0.02445+0.155%$218K$71K5xas long as short
KuCoin SIRENUSDTMshort+0.1622%4h0.02450+0.369%$1.0M$427K10x
Binance SIRENUSDT+0.1697%4h0.02445+0.164%$8.5M$3.5M10xas long as short
MEXC SIREN_USDT+0.1714%4h0.02446+0.205%$702K$126K100xas long as short
BingX SIREN-USDT+0.1772%4h0.02449+0.328%$2.3Mas long as short