Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.043%
Price spread now: KuCoin against Binance−0.262%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$680as in the Funding arb table
Net, price: spread back to 7d avg − costs−$706as in the Price arb table
costs, in and out, $10k−$6876.869% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.262%, 7d avg −0.070%
=Funding pays, the price is against you. KuCoin is 0.192% cheaper against Binance than usual: you would sell low and buy high (spread −0.262% now, against its 7-day average of −0.070%). If the spread goes back, that is −$19 on $10k: about 6.4 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.064% in total) that is about 21 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CIENUSDT | 362.95 | 0 | get 0.0000% / 8h | 7h 43m | $503K | $1.4M | 20x |
| Short | KuCoin CIENUSDTM | 362.00 | 0.0100 | get 0.0100% / 8h | 7h 43m | $99K | $240K | 20x |
Binance CIENUSDT
KuCoin CIENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.262% → −0.070%
- −$19.21
- Slippage, 4 orders
- −$664.9
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$685.11
- Costs to cover
- 6.869%
- Break-even
- 235.4 days
Slippage from Binance: live order book, 4 min ago; KuCoin: live order book, 47 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, 4 min ago | 3.04 bp | 32.3 bp −$32 | 100.3 bp −$1,003 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 47 min ago | 10.31 bp | 269.8 bp −$270 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CIENUSDT | −0.0325% | 8h | 363.28 | +0.091% | $102K | $240K | 20x | as long as short |
| Binance CIENUSDTlong | 0.0000% | 8h | 362.95 | long leg | $503K | $1.4M | 20x | |
| Bybit CIENUSDT | 0.0000% | 8h | 362.55 | −0.110% | $173K | $189K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 362.98 | +0.008% | $129K | $196K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 362.70 | −0.069% | $293K | $40K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 362.22 | −0.202% | $48K | $55K | — | as long as short |
| QFEX CIEN-USD | +0.0033% | 1h | 363.60 | +0.179% | $1.1M | $3.3M | 10x | as long as short |
| KuCoin CIENUSDTMshort | +0.0100% | 8h | 362.00 | −0.262% | $99K | $240K | 20x | |
| SunX CIEN-USDT | +0.0100% | 8h | 362.68 | −0.074% | $1K | $869K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 363.76 | +0.223% | $9K | $42K | 10x | as long as short |
Bitget CIENUSDT
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Variational Omni CIEN
QFEX CIEN-USD
SunX CIEN-USDT
HTX CIEN-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIEN | +0.3280% | 1h | 363.10 | +0.042% | $65K | $139K | 10x | as long as short |
Paragon para:CIEN