Funding you earn now, next payment 08:00 UTC+0.0112%/8h= +12.3% APRnext payment +$1.12 per $10,000 · paid last 24h −0.150%
Price spread now: KuCoin against Bitget−0.566%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$788as in the Funding arb table
Net, price: spread back to 7d avg − costs−$831as in the Price arb table
costs, in and out, $10k−$7727.722% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 4 days (all we have)+0.541%+$54 · spread now −0.566%, 7d avg +0.018%
=Funding pays, the price is against you. KuCoin is 0.583% cheaper against Bitget than usual: you would sell low and buy high (spread −0.566% now, against its 7-day average of +0.018%). If the spread goes back, that is −$58 on $10k: about 17 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.153%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CIENUSDT | 367.76 | −0.0012 | get 0.0012% / 8h | 2h 52m | $97K | $195K | 20x |
| Short | KuCoin CIENUSDTM | 365.68 | 0.0100 | get 0.0100% / 8h | 2h 52m | $103K | $189K | 20x |
Bitget CIENUSDT
KuCoin CIENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- $23.52
- Price spread: −0.566% → +0.018%
- −$58.31
- Slippage, 4 orders
- −$748.25
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$807.04
- Costs to cover
- 7.722%
- Break-even
- 247.2 days
Slippage from Bitget: live order book, 52 min ago; KuCoin: live order book, 3 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 Bitget live order book, 52 min ago | 11.63 bp | 48.3 bp −$48 | 77.3 bp −$773 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 12.04 bp | 279.5 bp −$280 | 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 CIENUSDTlong | −0.0012% | 8h | 367.76 | long leg | $97K | $195K | 20x | |
| Binance CIENUSDT | 0.0000% | 8h | 366.17 | −0.432% | $522K | $1.3M | 20x | as long as short |
| Bybit CIENUSDT | 0.0000% | 8h | 365.66 | −0.571% | $175K | $387K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 364.85 | −0.791% | $132K | $185K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 366.30 | −0.397% | $287K | $40K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 365.58 | −0.592% | $48K | $55K | — | as long as short |
| QFEX CIEN-USD | +0.0002% | 1h | 366.53 | −0.334% | $1.1M | $4.0M | 10x | as long as short |
| KuCoin CIENUSDTMshort | +0.0100% | 8h | 365.68 | −0.566% | $103K | $189K | 20x | |
| SunX CIEN-USDT | +0.0100% | 8h | 366.01 | −0.476% | $1K | $875K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 369.26 | +0.408% | $9K | $42K | 10x | as long as short |
Binance 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 | +0.1251% | 1h | 366.45 | −0.357% | $66K | $132K | 10x | as long as short |
Paragon para:CIEN