Funding you earn now, next payment 08:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.34 per $10,000 · paid last 24h +0.027%
Price spread now: Binance against Bybit+0.178%7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$264as in the Funding arb table
Net, price: spread back to 7d avg − costs−$259as in the Price arb table
costs, in and out, $10k−$2652.654% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.239%+$24 · spread now +0.178%, 7d avg +0.112%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.066% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.112%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CIENUSDT | 370.79 | 0 | get 0.0000% / 8h | 5h 34m | $176K | $458K | 25x |
| Short | Binance CIENUSDT | 371.45 | 0.0034 | get 0.0034% / 8h | 5h 34m | $534K | $1.2M | 20x |
Bybit CIENUSDT
Binance CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $7.19
- Price spread: +0.178% → +0.112%
- $6.62
- Slippage, 4 orders
- −$244.37
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$251.56
- Costs to cover
- 2.654%
- Break-even
- 252.0 days
Slippage from Bybit: live order book, 61 min ago; Binance: live order book, 13 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 Bybit live order book, 61 min ago | 5.25 bp | 113.7 bp −$114 | 217.9 bp −$2,179 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.67 bp | 30.2 bp −$30 | 79.1 bp −$791 | 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 CIENUSDTlong | 0.0000% | 8h | 370.79 | long leg | $176K | $458K | 25x | |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 371.11 | +0.086% | $132K | $186K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 371.10 | +0.084% | $299K | $38K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 371.07 | +0.076% | $94K | $187K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 371.35 | +0.152% | $49K | $55K | — | as long as short |
| QFEX CIEN-USD | +0.0007% | 1h | 371.38 | +0.159% | $1.1M | $4.4M | 10x | as long as short |
| Binance CIENUSDTshort | +0.0034% | 8h | 371.45 | +0.178% | $534K | $1.2M | 20x | |
| SunX CIEN-USDT | +0.0100% | 8h | 370.60 | −0.051% | $1K | $896K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 373.87 | +0.831% | $9K | $41K | 10x | as long as short |
| KuCoin CIENUSDTM | +0.0144% | 8h | 370.54 | −0.067% | $100K | $188K | 20x | as long as short |
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
Variational Omni CIEN
QFEX CIEN-USD
SunX CIEN-USDT
HTX CIEN-USDT
KuCoin CIENUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIEN | +0.2831% | 1h | 370.87 | +0.022% | $69K | $114K | 10x | as long as short |
Paragon para:CIEN