Funding arb · Price arb /

SIREN

all SIREN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.091%

Price spread now: Bybit against SunX+0.906%7-day average +0.490% · you sell dearer than you buy

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2632.625% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.893%+$89 on $10k

Price spread, last 3 days (all we have)−0.641%−$64 · spread now +0.906%, 7d avg +0.490%

Together, before fees+0.252%+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.416% dearer against SunX than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of +0.490%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SIREN-USDT	0.02429	0.0100	pay 0.0050% / 4h	58m 01s	$1K	$975K	20x
Short	Bybit SIRENUSDT	0.02451	0.0100	get 0.0050% / 4h	58m 01s	$1.9M	$2.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now +0.906%Rate

Funding earned: $0
Price spread: +0.906% → +0.490%: $41.59
Slippage, 4 orders: −$243.54
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$220.94
Costs to cover: 2.625%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Bybit: live order book, 4 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 SunX live order book, 5 min ago	32.99 bp	97.5 bp −$98	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	8.16 bp	32.2 bp −$32	193.1 bp −$1,931	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	+0.0100%	4h	0.02451	+0.906%	$1.9M	$2.0M	5x
SunX SIREN-USDTlong	+0.0100%	4h	0.02429	long leg	$1K	$975K	20x
Bitget SIRENUSDT	+0.0698%	4h	0.02440	+0.453%	$2.8M	$977K	10x	as long as short
Aster SIRENUSDT	+0.0752%	4h	0.02425	−0.165%	$213K	$79K	5x	as long as short
BingX SIREN-USDT	+0.0900%	4h	0.02430	+0.041%	—	$2.3M	—	as long as short
MEXC SIREN_USDT	+0.0970%	4h	0.02427	−0.082%	$694K	$124K	100x	as long as short
Binance SIRENUSDT	+0.0971%	4h	0.02427	−0.079%	$8.4M	$3.2M	10x	as long as short
KuCoin SIRENUSDTM	+0.1108%	4h	0.02429	0.000%	$976K	$362K	10x	as long as short
Gate SIREN_USDT	+0.1494%	4h	0.02421	−0.329%	$591K	$184K	10x	as long as short