Funding you earn now, next payment 04:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.010%
Price spread now: QFEX against Bybit+0.019%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$251as in the Price arb table
costs, in and out, $10k−$2452.452% of the position
Funding, last 4 days (all we have)−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)+0.124%+$12 · spread now +0.019%, 7d avg +0.082%
=Funding pays, the price is against you. QFEX is 0.063% cheaper against Bybit than usual: you would sell low and buy high (spread +0.019% now, against its 7-day average of +0.082%). If the spread goes back, that is −$6 on $10k: about 2.6 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 | 372.13 | 0 | get 0.0000% / 8h | 4h 41m | $176K | $405K | 25x |
| Short | QFEX CIEN-USD | 372.20 | 0.0080 | get 0.0010% / 1h | 41m 34s | $1.1M | $4.2M | 10x |
Bybit CIENUSDT
QFEX CIEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $16.8
- Price spread: +0.019% → +0.082%
- −$6.32
- Slippage, 4 orders
- −$224.16
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$234.68
- Costs to cover
- 2.452%
- Break-even
- 104.8 days
Slippage from Bybit: live order book, 49 min ago; QFEX: live order book, 7 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, 49 min ago | 12.65 bp | 63.2 bp −$63 | 216.2 bp −$2,162 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 2.15 bp | 12.6 bp −$13 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CIENUSDTlong | 0.0000% | 8h | 372.13 | long leg | $176K | $405K | 25x | |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 371.93 | −0.054% | $132K | $185K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 372.40 | +0.073% | $300K | $37K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 371.90 | −0.062% | $95K | $189K | 20x | as long as short |
| Variational Omni CIEN | +0.0018% | 8h | 372.18 | +0.015% | $49K | $55K | — | as long as short |
| QFEX CIEN-USDshort | +0.0080% | 1h | 372.20 | +0.019% | $1.1M | $4.2M | 10x | |
| Binance CIENUSDT | +0.0099% | 8h | 372.35 | +0.058% | $531K | $1.2M | 20x | as long as short |
| KuCoin CIENUSDTM | +0.0100% | 8h | 372.07 | −0.016% | $100K | $188K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 372.13 | 0.000% | $949 | $898K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 375.18 | +0.820% | $9K | $42K | 10x | as long as short |
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
Variational Omni CIEN
Binance CIENUSDT
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 | +0.0171% | 1h | 371.98 | −0.040% | $69K | $114K | 10x | as long as short |
Paragon para:CIEN