Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.248%
Price spread now: OKX against Bitget−0.137%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$237as in the Funding arb table
Net, price: spread back to 7d avg − costs−$228as in the Price arb table
costs, in and out, $10k−$2122.115% of the position
Funding, last 7 days−0.257%−$26 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.137%, 7d avg +0.027%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.164% cheaper against Bitget than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CIENUSDT | 371.37 | 0 | get 0.0000% / 8h | 7h 59m | $89K | $223K | 20x |
| Short | OKX CIEN-USDT-SWAP | 370.86 | 0 | get 0.0000% / 8h | 7h 59m | $135K | $212K | 20x |
Bitget CIENUSDT
OKX CIEN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0
- Price spread: −0.137% → +0.027%
- −$16.4
- Slippage, 4 orders
- −$189.54
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$227.93
- Costs to cover
- 2.115%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; OKX: live order book, 10 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, 5 min ago | 12.22 bp | 29.1 bp −$29 | 56.6 bp −$566 | doesn't fit | doesn't fit |
| Sell OKX live order book, 10 min ago | 5.64 bp | 62.8 bp −$63 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CIENUSDT | 0.0000% | 8h | 369.16 | −0.595% | $175K | $1.5M | 25x | as long as short |
| OKX CIEN-USDT-SWAPshort | 0.0000% | 8h | 370.86 | −0.137% | $135K | $212K | 20x | |
| Gate CIEN_USDT | 0.0000% | 8h | 371.80 | +0.116% | $305K | $38K | 20x | as long as short |
| Bitget CIENUSDTlong | 0.0000% | 8h | 371.37 | long leg | $89K | $223K | 20x | |
| QFEX CIEN-USD | +0.0060% | 1h | 371.22 | −0.040% | $1.1M | $4.8M | 10x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 371.80 | +0.116% | $647 | $1.0M | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 375.16 | +1.021% | $9K | $40K | 10x | as long as short |
| Variational Omni CIEN | +0.0169% | 8h | 371.65 | +0.077% | $50K | $54K | — | as long as short |
| Binance CIENUSDT | +0.0269% | 8h | 371.37 | 0.000% | $531K | $1.2M | 20x | as long as short |
| KuCoin CIENUSDTM | +0.0493% | 8h | 371.67 | +0.081% | $101K | $145K | 20x | as long as short |
Bybit CIENUSDT
Gate CIEN_USDT
QFEX CIEN-USD
SunX CIEN-USDT
HTX CIEN-USDT
Variational Omni CIEN
Binance CIENUSDT
KuCoin CIENUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIEN | +0.0540% | 1h | 371.25 | −0.032% | $91K | $90K | 10x | as long as short |
Paragon para:CIEN