SIREN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0688%/8h= +75.3% APRnext payment +$3.44 per $10,000 · paid last 24h −0.052%

Price spread now: BingX against KuCoin+0.041%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,021as in the Funding arb table

Net, price: spread back to 7d avg − costs−$975as in the Price arb table

costs, in and out, $10k−$9779.772% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.435%−$43 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.041%, 7d avg +0.019%

Together, before fees−0.496%−$50 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 BingX is 0.022% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.019%. Mind the row above: over the last 7 days funding on this pair cost −0.435%, 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 -0.435% in total (about -22.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.44 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SIRENUSDTM	0.02433	0.0254	pay 0.0127% / 4h	8m 41s	$997K	$408K	10x
Short	BingX SIREN-USDT	0.02434	0.0942	get 0.0471% / 4h	8m 41s	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee KuCoinbpFee BingXbpOrdersPrice spread, now +0.041%Rate

Funding earned: $144.48
Price spread: +0.041% → +0.019%: $2.2
Slippage, 4 orders: −$955.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$830.57
Costs to cover: 9.772%
Break-even: 47.2 days

Slippage from KuCoin: live order book, 9 min ago; BingX: 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 KuCoin live order book, 9 min ago	8.21 bp	359.8 bp −$360	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	8.22 bp	36.3 bp −$36	106.7 bp −$1,067	764.3 bp −$76.4K	1185.5 bp −$592.7K

SIREN on 9 exchanges

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	+0.0100%	4h	0.02463	+1.233%	$1.9M	$2.6M	5x	as long as short
SunX SIREN-USDT	+0.0100%	4h	0.02433	0.000%	$1K	$1.1M	20x	as long as short
Bitget SIRENUSDT	+0.0106%	4h	0.02448	+0.617%	$2.8M	$1.6M	10x	as long as short
KuCoin SIRENUSDTMlong	+0.0254%	4h	0.02433	long leg	$997K	$408K	10x
Aster SIRENUSDT	+0.0652%	4h	0.02426	−0.291%	$216K	$65K	5x	as long as short
MEXC SIREN_USDT	+0.0888%	4h	0.02430	−0.123%	$692K	$126K	100x	as long as short
Binance SIRENUSDT	+0.0890%	4h	0.02431	−0.102%	$8.5M	$3.0M	10x	as long as short
BingX SIREN-USDTshort	+0.0942%	4h	0.02434	+0.041%	—	$2.3M	—
Gate SIREN_USDT	+0.1468%	4h	0.02425	−0.329%	$576K	$197K	10x	as long as short