Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.219%
Price spread now: Bitget against Bybit−0.008%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$303as in the Funding arb table
Net, price: spread back to 7d avg − costs−$329as in the Price arb table
costs, in and out, $10k−$3263.257% of the position
Funding, last 7 days+0.231%+$23 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.008%, 7d avg +0.026%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.034% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CIENUSDT | 371.54 | 0 | get 0.0000% / 8h | 6h 26m | $175K | $813K | 25x |
| Short | Bitget CIENUSDT | 371.51 | 0 | get 0.0000% / 8h | 6h 26m | $93K | $221K | 20x |
Bybit CIENUSDT
Bitget CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $0
- Price spread: −0.008% → +0.026%
- −$3.44
- Slippage, 4 orders
- −$302.65
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$329.09
- Costs to cover
- 3.257%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 9 min ago; Bitget: live order book, 33 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, 9 min ago | 5.25 bp | 113.7 bp −$114 | 217.9 bp −$2,179 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 33 min ago | 7.24 bp | 48.6 bp −$49 | 69.7 bp −$697 | 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 | 371.54 | long leg | $175K | $813K | 25x | |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 371.24 | −0.081% | $133K | $222K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 371.50 | −0.011% | $304K | $37K | 20x | as long as short |
| Bitget CIENUSDTshort | 0.0000% | 8h | 371.51 | −0.008% | $93K | $221K | 20x | |
| QFEX CIEN-USD | +0.0018% | 1h | 371.27 | −0.073% | $1.1M | $4.6M | 10x | as long as short |
| Variational Omni CIEN | +0.0053% | 8h | 371.58 | +0.011% | $49K | $55K | — | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 371.34 | −0.054% | $1K | $909K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 375.35 | +1.025% | $9K | $41K | 10x | as long as short |
| Binance CIENUSDT | +0.0132% | 8h | 371.55 | +0.002% | $536K | $1.2M | 20x | as long as short |
| KuCoin CIENUSDTM | +0.0362% | 8h | 371.59 | +0.013% | $99K | $179K | 20x | as long as short |
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
QFEX CIEN-USD
Variational Omni CIEN
SunX CIEN-USDT
HTX CIEN-USDT
Binance CIENUSDT
KuCoin CIENUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIEN | +0.2227% | 1h | 371.78 | +0.065% | $91K | $85K | 10x | as long as short |
Paragon para:CIEN