Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.248%
Price spread now: Bitget against Gate−0.038%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1581.580% of the position
Funding, last 7 days+0.257%+$26 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.038%, 7d avg +0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.039% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CIEN_USDT | 372.70 | 0 | get 0.0000% / 8h | 29m 44s | $306K | $40K | 20x |
| Short | Bitget CIENUSDT | 372.56 | 0 | get 0.0000% / 8h | 29m 44s | $87K | $228K | 20x |
Gate CIEN_USDT
Bitget CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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: −0.038% → +0.002%
- −$3.95
- Slippage, 4 orders
- −$131
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$161.94
- Costs to cover
- 1.580%
- Break-even
- never at this rate
Slippage from Gate: live order book, 45 min ago; Bitget: live order book, 40 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 Gate live order book, 45 min ago | 20.19 bp | 44.9 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 40 min ago | 3.36 bp | 49.3 bp −$49 | 79.5 bp −$795 | 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 CIENUSDT | 0.0000% | 8h | 372.63 | −0.019% | $174K | $1.5M | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 372.44 | −0.070% | $135K | $213K | 20x | as long as short |
| Gate CIEN_USDTlong | 0.0000% | 8h | 372.70 | long leg | $306K | $40K | 20x | |
| Bitget CIENUSDTshort | 0.0000% | 8h | 372.56 | −0.038% | $87K | $228K | 20x | |
| Variational Omni CIEN | +0.0029% | 8h | 373.01 | +0.084% | $50K | $54K | — | as long as short |
| Paragon para:CIEN | +0.0060% | 1h | 371.89 | −0.219% | $91K | $90K | 10x | as long as short |
| QFEX CIEN-USD | +0.0060% | 1h | 372.10 | −0.161% | $1.1M | $4.7M | 10x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 372.40 | −0.080% | $1K | $1.0M | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 376.65 | +1.060% | $9K | $40K | 10x | as long as short |
| Binance CIENUSDT | +0.0131% | 8h | 372.90 | +0.055% | $538K | $1.2M | 20x | as long as short |
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Variational Omni CIEN
Paragon para:CIEN
QFEX CIEN-USD
SunX CIEN-USDT
HTX CIEN-USDT
Binance CIENUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CIENUSDTM | +0.0356% | 8h | 372.76 | +0.016% | $102K | $131K | 20x | as long as short |
KuCoin CIENUSDTM