Funding you earn now, next payment 08:00 UTC+0.0239%/8h= +26.2% APRnext payment +$2.39 per $10,000 · paid last 24h +0.070%
Price spread now: KuCoin against Gate−0.235%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$712as in the Funding arb table
Net, price: spread back to 7d avg − costs−$749as in the Price arb table
costs, in and out, $10k−$7237.226% of the position
Funding, last 7 days+0.104%+$10 on $10k
+Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.235%, 7d avg +0.029%
=Funding pays, the price is against you. KuCoin is 0.264% cheaper against Gate than usual: you would sell low and buy high (spread −0.235% now, against its 7-day average of +0.029%). If the spread goes back, that is −$26 on $10k: about 3.7 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.104% in total) that is about 18 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.104% in total (about 5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CIEN_USDT | 370.10 | 0 | get 0.0000% / 8h | 5h 59m | $303K | $36K | 20x |
| Short | KuCoin CIENUSDTM | 369.23 | 0.0239 | get 0.0239% / 8h | 5h 59m | $100K | $189K | 20x |
Gate CIEN_USDT
KuCoin CIENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $50.19
- Price spread: −0.235% → +0.029%
- −$26.42
- Slippage, 4 orders
- −$695.59
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$698.82
- Costs to cover
- 7.226%
- Break-even
- 104.5 days
Slippage from Gate: live order book, 1 min ago; KuCoin: live order book, 30 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, 1 min ago | 24.34 bp | 33.0 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 30 min ago | 7.67 bp | 262.4 bp −$262 | 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 CIENUSDT | 0.0000% | 8h | 369.89 | −0.057% | $178K | $560K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 369.12 | −0.265% | $132K | $191K | 20x | as long as short |
| Gate CIEN_USDTlong | 0.0000% | 8h | 370.10 | long leg | $303K | $36K | 20x | |
| Bitget CIENUSDT | 0.0000% | 8h | 370.26 | +0.043% | $92K | $186K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 370.20 | +0.027% | $49K | $55K | — | as long as short |
| QFEX CIEN-USD | +0.0018% | 1h | 370.01 | −0.024% | $1.1M | $4.5M | 10x | as long as short |
| Binance CIENUSDT | +0.0083% | 8h | 369.90 | −0.054% | $533K | $1.2M | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 369.98 | −0.032% | $1K | $897K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 373.40 | +0.892% | $9K | $41K | 10x | as long as short |
| KuCoin CIENUSDTMshort | +0.0239% | 8h | 369.23 | −0.235% | $100K | $189K | 20x |
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Bitget CIENUSDT
Variational Omni CIEN
QFEX CIEN-USD
Binance CIENUSDT
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 | +0.2731% | 1h | 370.87 | +0.208% | $69K | $114K | 10x | as long as short |
Paragon para:CIEN