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Funding arb · Price arb /

SIREN

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0480%/8h= −52.6% APRnext payment −$2.40 per $10,000 · paid last 24h −0.074%
Price spread now: MEXC against Gate+0.289%7-day average +0.166% · you sell dearer than you buy
Net, funding: paid 7d − costs−$547as in the Funding arb table
Net, price: spread back to 7d avg − costs−$520as in the Price arb table
costs, in and out, $10k−$5335.326% of the position
Long on GateShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days−0.143%−$14 on $10k
Price spread, last 4 days (all we have)+0.015%+$2 · spread now +0.289%, 7d avg +0.166%
Together, before fees−0.128%−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.123% dearer against Gate than usual: you sell high and buy low (spread +0.289% now, against its 7-day average of +0.166%): +$12 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.143% in total) that is about 6.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.143% in total (about -7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.40 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_USDT0.024250.2256pay 0.1128% / 4h1h 35m$570K$198K10x
ShortMEXC SIREN_USDT0.024320.1776get 0.0888% / 4h1h 35m$691K$129K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
−$100.8
Price spread: +0.289% → +0.166%
$12.27
Slippage, 4 orders
−$517.57
Fee Gate: 7.5 bp × 2 orders
−$15
Fee MEXC: 0 bp × 2 orders
$0
Net
−$621.1
Costs to cover
5.326%
Break-even
never at this rate
Slippage from Gate: live order book, 5 min ago; MEXC: live order book, 64 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, 5 min ago8.23 bp150.2 bp −$150doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 64 min ago2.06 bp26.4 bp −$26113.9 bp −$1,139652.6 bp −$65.3Kdoesn'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−0.2091%4h0.02460+1.443%$1.9M$2.8M5xas long as short
SunX SIREN-USDT+0.0100%4h0.02434+0.371%$1K$1.1M20xas long as short
Bitget SIRENUSDT+0.0898%4h0.02446+0.866%$2.8M$1.5M10xas long as short
KuCoin SIRENUSDTM+0.1222%4h0.02433+0.330%$1.0M$437K10xas long as short
Aster SIRENUSDT+0.1466%4h0.02431+0.252%$214K$73K5xas long as short
BingX SIREN-USDT+0.1770%4h0.02434+0.371%—$2.3M—as long as short
MEXC SIREN_USDTshort+0.1776%4h0.02432+0.289%$691K$129K100x
Binance SIRENUSDT+0.1776%4h0.02432+0.289%$8.4M$3.5M10xas long as short
Gate SIREN_USDTlong+0.2256%4h0.02425long leg$570K$198K10x