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

CIEN

RWAall CIEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0179%/8h= −19.6% APRnext payment $1.79 per $10,000 · paid last 24h +0.003%
Price spread now: HTX against Binance+0.264%53s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. HTX is 0.264% dearer against Binance than usual: you sell high and buy low (spread +0.264% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.9 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance CIENUSDT374.720.0279pay 0.0279% / 8h7h 53m$538K$1.2M20x
ShortHTX CIEN-USDT375.710.0100get 0.0100% / 8h7h 53m$9K$40K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Binance. 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
−$37.61
Price spread: +0.264% → 0.000%
$26.42
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$33.19
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: Binance: live order book, 9 min ago; HTX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 9 min ago4.03 bp25.1 bp −$2588.8 bp −$888doesn't fitdoesn't fit
Sell HTX no order-book sample
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CIEN on 11 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
OKX CIEN-USDT-SWAP0.0000%8h374.34−0.101%$134K$214K20xas long as short
Gate CIEN_USDT0.0000%8h373.00−0.459%$306K$38K20xas long as short
Bitget CIENUSDT0.0000%8h371.81−0.777%$89K$222K20xas long as short
QFEX CIEN-USD+0.0080%1h374.38−0.091%$1.1M$4.8M10xas long as short
SunX CIEN-USDT+0.0100%8h374.30−0.112%$808$961K10xas long as short
HTX CIEN-USDTshort+0.0100%8h375.71+0.264%$9K$40K10x
Variational Omni CIEN+0.0183%8h373.03−0.450%$50K$54Kas long as short
Bybit CIENUSDT+0.0184%8h374.44−0.075%$178K$1.4M25xas long as short
Binance CIENUSDTlong+0.0279%8h374.72long leg$538K$1.2M20x
KuCoin CIENUSDTM+0.0493%8h374.00−0.192%$100K$146K20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paragon para:CIEN+0.2308%1h373.72−0.267%$92K$90K10xas long as short