Funding you earn now, next payment 09:00 UTC+0.4454%/8h= +487.7% APRpaid last 24h −0.076%
Price spread now: Paragon against Bitget−0.052%7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1951.950% of the position
Funding, last 7 days+0.479%+$48 on $10k
+Price spread, last 4 days (all we have)−0.329%−$33 · spread now −0.052%, 7d avg −0.108%
=Both sides work for this trade now. Funding pays +$134 a day on $10k at the current rate, and Paragon is 0.055% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.108%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.479% in total (about 25.0% 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 | Bitget CIENUSDT | 362.51 | −0.0340 | get 0.0340% / 8h | 7h 50m | $102K | $240K | 20x |
| Short | Paragon para:CIEN | 362.32 | 0.4114 | get 0.0514% / 1h | 50m 16s | $65K | $139K | 10x |
Bitget CIENUSDT
Paragon para:CIENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon 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
- $935.4
- Price spread: −0.052% → −0.108%
- $5.53
- Slippage, 4 orders
- −$173.01
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- $745.92
- Costs to cover
- 1.950%
- Break-even
- 1.4 days
Slippage from Bitget: live order book, 39 min ago; Paragon: live order book, 27 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, 39 min ago | 11.30 bp | 46.5 bp −$46 | 102.7 bp −$1,027 | doesn't fit | doesn't fit |
| Sell Paragon live order book, 27 min ago | 29.59 bp | 63.8 bp −$64 | 172.2 bp −$1,722 | 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 | −0.0340% | 8h | 362.51 | long leg | $102K | $240K | 20x | |
| Binance CIENUSDT | 0.0000% | 8h | 362.59 | +0.022% | $504K | $1.3M | 20x | as long as short |
| Bybit CIENUSDT | 0.0000% | 8h | 362.25 | −0.072% | $173K | $189K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 361.91 | −0.166% | $129K | $195K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 362.40 | −0.030% | $293K | $40K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 362.10 | −0.114% | $48K | $55K | — | as long as short |
| QFEX CIEN-USD | +0.0033% | 1h | 363.05 | +0.149% | $1.1M | $3.3M | 10x | as long as short |
| KuCoin CIENUSDTM | +0.0100% | 8h | 361.90 | −0.168% | $98K | $234K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 361.82 | −0.190% | $984 | $870K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 364.48 | +0.543% | $9K | $42K | 10x | as long as short |
Binance 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 | +0.4114% | 1h | 362.32 | −0.052% | $65K | $139K | 10x |