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

SIREN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.1616%/8h= +177.0% APRnext payment +$8.08 per $10,000 · paid last 24h +0.060%
Price spread now: Gate against KuCoin−0.286%7-day average −0.335% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,065as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,034as in the Price arb table
costs, in and out, $10k−$1,03910.389% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.263%−$26 on $10k
Price spread, last 4 days (all we have)−0.095%−$10 · spread now −0.286%, 7d avg −0.335%
Together, before fees−0.358%−$36 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$48 a day on $10k at the current rate, and Gate is 0.049% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.335%. Mind the row above: over the last 7 days funding on this pair cost −0.263%, 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 -0.263% in total (about -13.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.08 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SIRENUSDTM0.024500.1174pay 0.0587% / 4h2h 20m$1.0M$426K10x
ShortGate SIREN_USDT0.024430.2790get 0.1395% / 4h2h 20m$581K$192K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$339.36
Price spread: −0.286% → −0.335%
$4.88
Slippage, 4 orders
−$1,011.94
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$694.7
Costs to cover
10.389%
Break-even
21.3 days
Slippage from KuCoin: live order book, 2 min ago; Gate: live order book, 28 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, 2 min ago6.11 bp187.4 bp −$187doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 28 min ago8.21 bp186.2 bp −$186doesn't fitdoesn't fitdoesn't fit

SIREN on 9 exchanges

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%4h0.024500.000%$2K$1.1M20xas long as short
Bitget SIRENUSDT+0.0446%4h0.02465+0.612%$2.8M$1.5M10xas long as short
Bybit SIRENUSDT+0.0543%4h0.02479+1.184%$1.9M$2.8M5xas long as short
KuCoin SIRENUSDTMlong+0.1174%4h0.02450long leg$1.0M$426K10x
Aster SIRENUSDT+0.1420%4h0.02448−0.083%$218K$66K5xas long as short
Binance SIRENUSDT+0.1599%4h0.02448−0.090%$8.6M$3.3M10xas long as short
BingX SIREN-USDT+0.1600%4h0.02452+0.082%$2.3Mas long as short
MEXC SIREN_USDT+0.1604%4h0.02448−0.082%$701K$127K100xas long as short
Gate SIREN_USDTshort+0.2790%4h0.02443−0.286%$581K$192K10x