Funding you earn now, next payment 08:00 UTC−0.0056%/8h= −6.2% APRpaid last 24h −0.017%
Price spread now: QFEX against Binance+0.061%7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$217as in the Price arb table
costs, in and out, $10k−$2282.284% of the position
Funding, last 4 days (all we have)−0.024%−$2 on $10k
+Price spread, last 7 days−0.106%−$11 · spread now +0.061%, 7d avg −0.048%
=The price spread pays, funding is against you. QFEX is 0.110% dearer against Binance than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of −0.048%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.5 days. At the pace of the last 4 days (−0.024% in total) that is about 17 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CIENUSDT | 364.53 | 0 | get 0.0000% / 8h | 38m 49s | $504K | $1.3M | 20x |
| Short | QFEX CIEN-USD | 364.75 | −0.0056 | pay 0.0007% / 1h | 38m 49s | $1.1M | $3.3M | 10x |
Binance CIENUSDT
QFEX CIEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$11.83
- Price spread: +0.061% → −0.048%
- $10.96
- Slippage, 4 orders
- −$208.42
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$229.3
- Costs to cover
- 2.284%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; QFEX: 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, 9 min ago | 3.84 bp | 18.7 bp −$19 | 87.8 bp −$878 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 77.11 bp | 91.8 bp −$92 | 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 | −0.0185% | 8h | 364.16 | −0.101% | $96K | $191K | 20x | as long as short |
| QFEX CIEN-USDshort | −0.0056% | 1h | 364.75 | +0.061% | $1.1M | $3.3M | 10x | |
| Binance CIENUSDTlong | 0.0000% | 8h | 364.53 | long leg | $504K | $1.3M | 20x | |
| Bybit CIENUSDT | 0.0000% | 8h | 364.79 | +0.072% | $174K | $188K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 364.81 | +0.078% | $131K | $192K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 365.30 | +0.212% | $295K | $40K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 364.42 | −0.030% | $48K | $55K | — | as long as short |
| Paragon para:CIEN | +0.0060% | 1h | 364.77 | +0.067% | $66K | $139K | 10x | as long as short |
| KuCoin CIENUSDTM | +0.0100% | 8h | 364.11 | −0.114% | $104K | $189K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 364.38 | −0.040% | $791 | $868K | 10x | as long as short |
Bitget CIENUSDT
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Variational Omni CIEN
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 | 367.14 | +0.717% | $9K | $42K | 10x | as long as short |
HTX CIEN-USDT