Funding you earn now, next payment 06:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.208%
Price spread now: QFEX against Bitget−0.183%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1251.246% of the position
Funding, last 4 days (all we have)−0.231%−$23 on $10k
+Price spread, last 4 days (all we have)+0.200%+$20 · spread now −0.183%, 7d avg +0.053%
=Funding pays, the price is against you. QFEX is 0.236% cheaper against Bitget than usual: you would sell low and buy high (spread −0.183% now, against its 7-day average of +0.053%). If the spread goes back, that is −$24 on $10k: about 2 months of funding at the current rate ($0 a day). Mind the row above: over the last 4 days funding on this pair cost −0.231%, 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 | 366.13 | −0.0011 | get 0.0011% / 8h | 2h 57m | $97K | $195K | 20x |
| Short | QFEX CIEN-USD | 365.46 | 0.0002 | get 0.0000% / 1h | 57m 16s | $1.1M | $4.0M | 10x |
Bitget CIENUSDT
QFEX CIEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $2.71
- Price spread: −0.183% → +0.053%
- −$23.57
- Slippage, 4 orders
- −$102.63
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$145.49
- Costs to cover
- 1.246%
- Break-even
- 382.4 days
Slippage from Bitget: live order book, 47 min ago; QFEX: live order book, 6 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, 47 min ago | 11.63 bp | 48.3 bp −$48 | 77.3 bp −$773 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.09 bp | 12.1 bp −$12 | 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 | −0.0011% | 8h | 366.13 | long leg | $97K | $195K | 20x | |
| Binance CIENUSDT | 0.0000% | 8h | 364.89 | −0.339% | $520K | $1.3M | 20x | as long as short |
| Bybit CIENUSDT | 0.0000% | 8h | 364.89 | −0.339% | $174K | $395K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 365.30 | −0.227% | $132K | $186K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 366.10 | −0.008% | $286K | $40K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 366.19 | +0.017% | $48K | $55K | — | as long as short |
| QFEX CIEN-USDshort | +0.0002% | 1h | 365.46 | −0.183% | $1.1M | $4.0M | 10x | |
| KuCoin CIENUSDTM | +0.0100% | 8h | 364.54 | −0.434% | $102K | $189K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 366.21 | +0.022% | $1K | $875K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 368.09 | +0.535% | $9K | $42K | 10x | as long as short |
Binance CIENUSDT
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Variational Omni CIEN
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:CIEN | +0.0481% | 1h | 366.21 | +0.022% | $66K | $132K | 10x | as long as short |
Paragon para:CIEN