Funding you earn now, next payment 23:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h +0.076%
Price spread now: Paragon against Bybit−0.105%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.741%+$74 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Paragon is 0.105% cheaper against Bybit than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.741%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CIENUSDT | 371.34 | 0 | get 0.0000% / 8h | 1h 15m | $170K | $1.5M | 25x |
| Short | Paragon para:CIEN | 370.95 | −0.0105 | pay 0.0013% / 1h | 15m 46s | $91K | $95K | 10x |
Bybit CIENUSDT
Paragon para:CIENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon 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
- −$21.96
- Price spread: −0.105% → 0.000%
- −$10.5
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$53.46
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, just now; Paragon: no order-book sample. Net counts fees only.
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, just now | 4.17 bp | 106.0 bp −$106 | 209.1 bp −$2,091 | doesn't fit | doesn't fit |
| Sell Paragon no order-book sample | — | — | — | — | — |
Paragon: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIENshort | −0.0105% | 1h | 370.95 | −0.105% | $91K | $95K | 10x | |
| Binance CIENUSDT | 0.0000% | 8h | 371.91 | +0.154% | $495K | $1.2M | 20x | as long as short |
| Bybit CIENUSDTlong | 0.0000% | 8h | 371.34 | long leg | $170K | $1.5M | 25x | |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 371.22 | −0.032% | $134K | $216K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 370.90 | −0.118% | $304K | $40K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 371.46 | +0.032% | $87K | $300K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 371.80 | +0.123% | $9K | $13K | — | as long as short |
| QFEX CIEN-USD | +0.0041% | 1h | 371.37 | +0.008% | $1.1M | $4.7M | 10x | as long as short |
| KuCoin CIENUSDTM | +0.0100% | 8h | 371.71 | +0.100% | $103K | $115K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 371.69 | +0.094% | $758 | $1.1M | 10x | as long as short |
Binance CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
Variational Omni CIEN
QFEX CIEN-USD
KuCoin CIENUSDTM
SunX CIEN-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CIEN-USDT | +0.0100% | 8h | 374.16 | +0.759% | $9K | $39K | 10x | as long as short |
HTX CIEN-USDT