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Funding arb · Price arb /

SIREN

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.8542%/8h= +935.4% APRnext payment +$42.71 per $10,000 · paid last 24h −0.338%
Price spread now: Bybit against MEXC+1.652%7-day average +0.571% · you sell dearer than you buy
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs+$22as in the Price arb table
costs, in and out, $10k−$860.865% of the position
Long on MEXCShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.725%−$72 on $10k
Price spread, last 4 days (all we have)−1.215%−$122 · spread now +1.652%, 7d avg +0.571%
Together, before fees−1.940%−$194 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$256 a day on $10k at the current rate, and Bybit is 1.081% dearer against MEXC than usual: you sell high and buy low: +$108 more if the spread goes back to its 7-day average of +0.571%. Mind the row above: over the last 7 days funding on this pair cost −0.725%, 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 -0.725% in total (about -37.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$42.71 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
LongMEXC SIREN_USDT0.024210.1098pay 0.0549% / 4h3h 56m$689K$127K100x
ShortBybit SIRENUSDT0.024610.9640get 0.4820% / 4h3h 56m$1.9M$2.6M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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
$1,793.92
Price spread: +1.652% → +0.571%
$108.14
Slippage, 4 orders
−$75.47
Fee MEXC: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$1,815.6
Costs to cover
0.865%
Break-even
from the start
Slippage from MEXC: live order book, 54 min ago; Bybit: live order book, 1 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 MEXC live order book, 54 min ago2.08 bp14.2 bp −$1484.7 bp −$847825.2 bp −$82.5Kdoesn't fit
Sell Bybit live order book, 1 min ago8.20 bp27.4 bp −$27154.1 bp −$1,541doesn'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%4h0.02419−0.083%$1K$1.1M20xas long as short
Gate SIREN_USDT+0.0512%4h0.02415−0.248%$570K$200K10xas long as short
Bitget SIRENUSDT+0.0838%4h0.02437+0.661%$2.8M$1.4M10xas long as short
Binance SIRENUSDT+0.1078%4h0.02420−0.041%$8.4M$3.4M10xas long as short
Aster SIRENUSDT+0.1079%4h0.02418−0.117%$213K$81K5xas long as short
MEXC SIREN_USDTlong+0.1098%4h0.02421long leg$689K$127K100x
BingX SIREN-USDT+0.1150%4h0.02425+0.165%—$2.3M—as long as short
KuCoin SIRENUSDTM+0.1354%4h0.02423+0.083%$997K$419K10xas long as short
Bybit SIRENUSDTshort+0.9640%4h0.02461+1.652%$1.9M$2.6M5x