Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%
Price spread now: Bybit against Binance−0.127%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1371.373% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 2 days (all we have)+0.044%+$4 · spread now −0.127%, 7d avg −0.062%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.066% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CIENUSDT | 368.84 | 0 | get 0.0000% / 8h | 2h 32m | $492K | $1.2M | 20x |
| Short | Bybit CIENUSDT | 368.37 | 0 | get 0.0000% / 8h | 2h 32m | $169K | $1.5M | 25x |
Binance CIENUSDT
Bybit CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.127% → −0.062%
- −$6.57
- Slippage, 4 orders
- −$116.26
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$143.83
- Costs to cover
- 1.373%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 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 Binance live order book, 1 min ago | 3.79 bp | 21.3 bp −$21 | 77.6 bp −$776 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 10.72 bp | 45.9 bp −$46 | 197.5 bp −$1,975 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance CIENUSDTlong | 0.0000% | 8h | 368.84 | long leg | $492K | $1.2M | 20x | |
| Bybit CIENUSDTshort | 0.0000% | 8h | 368.37 | −0.127% | $169K | $1.5M | 25x | |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 368.53 | −0.084% | $133K | $227K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 368.40 | −0.119% | $303K | $40K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 368.60 | −0.065% | $85K | $345K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 368.41 | −0.116% | $9K | $13K | — | as long as short |
| QFEX CIEN-USD | +0.0056% | 1h | 368.87 | +0.008% | $1.1M | $4.6M | 10x | as long as short |
| Paragon para:CIEN | +0.0060% | 1h | 368.40 | −0.119% | $90K | $99K | 10x | as long as short |
| KuCoin CIENUSDTM | +0.0100% | 8h | 368.67 | −0.046% | $101K | $109K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 369.01 | +0.046% | $993 | $1.1M | 10x | as long as short |
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
Variational Omni CIEN
QFEX CIEN-USD
Paragon para:CIEN
KuCoin CIENUSDTM
SunX CIEN-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CIEN-USDT | +0.0100% | 8h | 372.44 | +0.976% | $9K | $39K | 10x | as long as short |
HTX CIEN-USDT