Funding you earn now, next payment 08:00 UTC−0.4098%/8h= −448.7% APRnext payment −$20.49 per $10,000 · paid last 24h −0.259%
Price spread now: Bybit against KuCoin+1.025%7-day average +0.416% · you sell dearer than you buy
Net, funding: paid 7d − costs−$912as in the Funding arb table
Net, price: spread back to 7d avg − costs−$730as in the Price arb table
costs, in and out, $10k−$7917.911% of the position
Funding, last 7 days−1.207%−$121 on $10k
+Price spread, last 4 days (all we have)−0.647%−$65 · spread now +1.025%, 7d avg +0.416%
=The price spread pays, funding is against you. Bybit is 0.609% dearer against KuCoin than usual: you sell high and buy low (spread +1.025% now, against its 7-day average of +0.416%): +$61 on $10k if it goes back. Holding the pair costs −$123 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−1.207% in total) that is about 3.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.207% in total (about -62.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$20.49 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SIRENUSDTM | 0.02439 | 0.1310 | pay 0.0655% / 4h | 2h 14m | $997K | $435K | 10x |
| Short | Bybit SIRENUSDT | 0.02464 | −0.2788 | pay 0.1394% / 4h | 2h 14m | $1.9M | $2.8M | 5x |
KuCoin SIRENUSDTM
Bybit SIRENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$860.54
- Price spread: +1.025% → +0.416%
- $60.94
- Slippage, 4 orders
- −$768.07
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,590.67
- Costs to cover
- 7.911%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 15 min ago; Bybit: 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, 15 min ago | 14.42 bp | 366.3 bp −$366 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.03 bp | 26.1 bp −$26 | 174.6 bp −$1,746 | doesn't fit | doesn't fit |
SIREN on 9 venues
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 SIRENUSDTshort | −0.2788% | 4h | 0.02464 | +1.025% | $1.9M | $2.8M | 5x | |
| SunX SIREN-USDT | +0.0100% | 4h | 0.02442 | +0.123% | $1K | $1.1M | 20x | as long as short |
| Bitget SIRENUSDT | +0.0934% | 4h | 0.02448 | +0.369% | $2.8M | $1.5M | 10x | as long as short |
| Aster SIRENUSDT | +0.1171% | 4h | 0.02437 | −0.088% | $214K | $77K | 5x | as long as short |
| KuCoin SIRENUSDTMlong | +0.1310% | 4h | 0.02439 | long leg | $997K | $435K | 10x | |
| BingX SIREN-USDT | +0.1342% | 4h | 0.02442 | +0.123% | — | $2.3M | — | as long as short |
| MEXC SIREN_USDT | +0.1376% | 4h | 0.02438 | −0.041% | $697K | $130K | 100x | as long as short |
| Binance SIRENUSDT | +0.1386% | 4h | 0.02439 | −0.003% | $8.5M | $3.5M | 10x | as long as short |
| Gate SIREN_USDT | +0.2166% | 4h | 0.02430 | −0.369% | $570K | $202K | 10x | as long as short |
SunX SIREN-USDT
Bitget SIRENUSDT
Aster SIRENUSDT
BingX SIREN-USDT
MEXC SIREN_USDT
Binance SIRENUSDT
Gate SIREN_USDT