Funding you earn now, next payment 16:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.54 per $10,000 · paid last 24h +0.070%
Price spread now: KuCoin against Bybit−0.181%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$837as in the Funding arb table
Net, price: spread back to 7d avg − costs−$866as in the Price arb table
costs, in and out, $10k−$8458.448% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 4 days (all we have)+0.440%+$44 · spread now −0.181%, 7d avg +0.036%
=Funding pays, the price is against you. KuCoin is 0.217% cheaper against Bybit than usual: you would sell low and buy high (spread −0.181% now, against its 7-day average of +0.036%). If the spread goes back, that is −$22 on $10k: about 13 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CIENUSDT | 359.99 | 0 | get 0.0000% / 8h | 7h 24m | $172K | $191K | 25x |
| Short | KuCoin CIENUSDTM | 359.34 | 0.0054 | get 0.0054% / 8h | 7h 24m | $98K | $261K | 20x |
Bybit CIENUSDT
KuCoin CIENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $11.34
- Price spread: −0.181% → +0.036%
- −$21.65
- Slippage, 4 orders
- −$821.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$855.11
- Costs to cover
- 8.448%
- Break-even
- 534.8 days
Slippage from Bybit: live order book, 41 min ago; KuCoin: live order book, 66 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, 41 min ago | 15.80 bp | 96.6 bp −$97 | 224.5 bp −$2,245 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 66 min ago | 10.31 bp | 269.8 bp −$270 | 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 CIENUSDT | −0.0368% | 8h | 359.88 | −0.031% | $102K | $239K | 20x | as long as short |
| Binance CIENUSDT | 0.0000% | 8h | 359.83 | −0.044% | $497K | $1.4M | 20x | as long as short |
| Bybit CIENUSDTlong | 0.0000% | 8h | 359.99 | long leg | $172K | $191K | 25x | |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 358.96 | −0.286% | $127K | $194K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 359.80 | −0.053% | $291K | $40K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 359.72 | −0.074% | $48K | $55K | — | as long as short |
| QFEX CIEN-USD | +0.0033% | 1h | 359.69 | −0.083% | $1.1M | $3.3M | 10x | as long as short |
| KuCoin CIENUSDTMshort | +0.0054% | 8h | 359.34 | −0.181% | $98K | $261K | 20x | |
| SunX CIEN-USDT | +0.0100% | 8h | 359.84 | −0.042% | $1K | $851K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 363.42 | +0.953% | $9K | $42K | 10x | as long as short |
Bitget CIENUSDT
Binance CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Variational Omni CIEN
QFEX CIEN-USD
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 | +0.1886% | 1h | 360.20 | +0.059% | $65K | $139K | 10x | as long as short |
Paragon para:CIEN