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

SIREN

all SIREN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0613%/8h= +67.1% APRnext payment +$3.06 per $10,000 · paid last 24h −0.010%
Price spread now: Binance against KuCoin−0.165%7-day average −0.159% · you buy dearer than you sell
Net, funding: paid 7d − costs−$811as in the Funding arb table
Net, price: spread back to 7d avg − costs−$769as in the Price arb table
costs, in and out, $10k−$7697.689% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.417%−$42 on $10k
Price spread, last 4 days (all we have)−0.025%−$3 · spread now −0.165%, 7d avg −0.159%
Together, before fees−0.442%−$44 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.159%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.417%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.417% in total (about -21.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.06 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
LongKuCoin SIRENUSDTM0.024310.1720pay 0.0860% / 4h2h 22m$987K$388K10x
ShortBinance SIRENUSDT0.024270.2333get 0.1166% / 4h2h 22m$8.4M$3.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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
$128.65
Price spread: −0.165% → −0.159%
−$0.57
Slippage, 4 orders
−$746.92
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$640.83
Costs to cover
7.689%
Break-even
41.9 days
Slippage from KuCoin: live order book, 37 min ago; Binance: 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 KuCoin live order book, 37 min ago10.29 bp306.9 bp −$307doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 2 min ago4.12 bp33.3 bp −$33168.6 bp −$1,686doesn'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
SunX SIREN-USDT+0.0100%4h0.02429−0.082%$2K$1.0M20xas long as short
Bitget SIRENUSDT+0.1002%4h0.02441+0.411%$2.8M$1.2M10xas long as short
KuCoin SIRENUSDTMlong+0.1720%4h0.02431long leg$987K$388K10x
Aster SIRENUSDT+0.2306%4h0.02424−0.302%$213K$81K5xas long as short
MEXC SIREN_USDT+0.2332%4h0.02428−0.123%$694K$129K100xas long as short
Binance SIRENUSDTshort+0.2333%4h0.02427−0.165%$8.4M$3.3M10x
BingX SIREN-USDT+0.2369%4h0.02430−0.041%$2.3Mas long as short
Gate SIREN_USDT+0.2808%4h0.02423−0.329%$585K$191K10xas long as short
Bybit SIRENUSDT+1.2975%4h0.02447+0.658%$1.9M$2.3M5xas long as short