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−0.0710%/8h= −77.7% APRnext payment $3.55 per $10,000 · paid last 24h −0.071%
Price spread now: Bitget against KuCoin+0.370%7-day average +0.401% · you sell dearer than you buy
Net, funding: paid 7d − costs−$836as in the Funding arb table
Net, price: spread back to 7d avg − costs−$764as in the Price arb table
costs, in and out, $10k−$7617.605% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.752%−$75 on $10k
Price spread, last 4 days (all we have)−0.005%$0 · spread now +0.370%, 7d avg +0.401%
Together, before fees−0.757%−$76 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Bitget is 0.031% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.401%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SIRENUSDTM0.024350.1730pay 0.0865% / 4h2h 25m$989K$387K10x
ShortBitget SIRENUSDT0.024440.1020get 0.0510% / 4h2h 25m$2.8M$1.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
−$149.1
Price spread: +0.370% → +0.401%
−$3.15
Slippage, 4 orders
−$736.51
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$912.76
Costs to cover
7.605%
Break-even
never at this rate
Slippage from KuCoin: live order book, 34 min ago; Bitget: 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, 34 min ago10.29 bp306.9 bp −$307doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago6.14 bp23.8 bp −$24431.1 bp −$4,311doesn'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%4h0.02431−0.164%$2K$1.0M20xas long as short
Bitget SIRENUSDTshort+0.1020%4h0.02444+0.370%$2.8M$1.2M10x
KuCoin SIRENUSDTMlong+0.1730%4h0.02435long leg$989K$387K10x
Aster SIRENUSDT+0.2345%4h0.02425−0.402%$213K$81K5xas long as short
MEXC SIREN_USDT+0.2354%4h0.02429−0.246%$694K$129K100xas long as short
Binance SIRENUSDT+0.2354%4h0.02429−0.246%$8.4M$3.3M10xas long as short
BingX SIREN-USDT+0.2374%4h0.02432−0.123%$2.3Mas long as short
Gate SIREN_USDT+0.2938%4h0.02425−0.411%$585K$191K10xas long as short
Bybit SIRENUSDT+1.3116%4h0.02451+0.657%$1.9M$2.3M5xas long as short