Funding you earn now, next payment 06:00 UTC+0.1316%/8h= +144.2% APRpaid last 24h +0.081%
Price spread now: Paragon against Binance+0.182%7-day average −0.200% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$950.945% of the position
Funding, last 7 days+0.710%+$71 on $10k
+Price spread, last 4 days (all we have)−0.263%−$26 · spread now +0.182%, 7d avg −0.200%
=Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and Paragon is 0.382% dearer against Binance than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of −0.200%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.710% in total (about 37.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CIENUSDT | 365.81 | 0 | get 0.0000% / 8h | 2h 50m | $527K | $1.3M | 20x |
| Short | Paragon para:CIEN | 366.48 | 0.1316 | get 0.0165% / 1h | 50m 56s | $66K | $132K | 10x |
Binance CIENUSDT
Paragon para:CIENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon 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
- $276.46
- Price spread: +0.182% → −0.200%
- $38.15
- Slippage, 4 orders
- −$74.52
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- $220.09
- Costs to cover
- 0.945%
- Break-even
- 1.4 days
Slippage from Binance: live order book, 12 min ago; Paragon: live order book, 56 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, 12 min ago | 3.55 bp | 20.7 bp −$21 | 72.5 bp −$725 | doesn't fit | doesn't fit |
| Sell Paragon live order book, 56 min ago | 19.69 bp | 24.7 bp −$25 | 135.6 bp −$1,356 | 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 | −0.0011% | 8h | 367.29 | +0.404% | $97K | $195K | 20x | as long as short |
| Binance CIENUSDTlong | 0.0000% | 8h | 365.81 | long leg | $527K | $1.3M | 20x | |
| Bybit CIENUSDT | 0.0000% | 8h | 365.62 | −0.052% | $175K | $382K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 364.85 | −0.263% | $132K | $185K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 366.30 | +0.134% | $287K | $40K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 365.96 | +0.040% | $48K | $55K | — | as long as short |
| QFEX CIEN-USD | +0.0002% | 1h | 366.41 | +0.164% | $1.1M | $4.0M | 10x | as long as short |
| KuCoin CIENUSDTM | +0.0100% | 8h | 365.43 | −0.104% | $102K | $189K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 366.01 | +0.055% | $1K | $875K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 369.49 | +1.006% | $9K | $42K | 10x | as long as short |
Bitget CIENUSDT
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Variational Omni CIEN
QFEX CIEN-USD
KuCoin CIENUSDTM
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:CIENshort | +0.1316% | 1h | 366.48 | +0.182% | $66K | $132K | 10x |