Funding you earn now, next payment 00:00 UTC−0.0262%/8h= −28.7% APRnext payment −$2.62 per $10,000 · paid last 24h +0.235%
Price spread now: Bitget against Binance+0.123%7-day average −0.105% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$1000.997% of the position
Funding, last 7 days+0.244%+$24 on $10k
+Price spread, last 2 days (all we have)−0.199%−$20 · spread now +0.123%, 7d avg −0.105%
=The price spread pays, funding is against you. Bitget is 0.229% dearer against Binance than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of −0.105%): +$23 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.244%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CIENUSDT | 371.26 | 0.0262 | pay 0.0262% / 8h | 2m 46s | $530K | $1.2M | 20x |
| Short | Bitget CIENUSDT | 371.72 | 0 | get 0.0000% / 8h | 2m 46s | $89K | $224K | 20x |
Binance CIENUSDT
Bitget CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$55.07
- Price spread: +0.123% → −0.105%
- $22.85
- Slippage, 4 orders
- −$77.68
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$131.9
- Costs to cover
- 0.997%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 15 min ago | 1.61 bp | 10.8 bp −$11 | 67.7 bp −$677 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 12.22 bp | 41.3 bp −$41 | 69.3 bp −$693 | doesn't fit | doesn't fit |
CIEN on 11 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 CIENUSDT | 0.0000% | 8h | 371.28 | +0.005% | $177K | $1.5M | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 371.97 | +0.190% | $135K | $214K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 371.80 | +0.145% | $305K | $40K | 20x | as long as short |
| Bitget CIENUSDTshort | 0.0000% | 8h | 371.72 | +0.123% | $89K | $224K | 20x | |
| Paragon para:CIEN | +0.0060% | 1h | 370.73 | −0.145% | $91K | $90K | 10x | as long as short |
| QFEX CIEN-USD | +0.0060% | 1h | 372.15 | +0.239% | $1.1M | $4.8M | 10x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 372.16 | +0.242% | $424 | $1.0M | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 376.49 | +1.408% | $9K | $40K | 10x | as long as short |
| Variational Omni CIEN | +0.0156% | 8h | 372.61 | +0.363% | $50K | $54K | — | as long as short |
| Binance CIENUSDTlong | +0.0262% | 8h | 371.26 | long leg | $530K | $1.2M | 20x |
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Paragon para:CIEN
QFEX CIEN-USD
SunX CIEN-USDT
HTX CIEN-USDT
Variational Omni CIENShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CIENUSDTM | +0.0492% | 8h | 372.35 | +0.293% | $101K | $144K | 20x | as long as short |
KuCoin CIENUSDTM