Funding you earn now, next payment 04:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.010%
Price spread now: QFEX against Gate−0.078%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$252as in the Price arb table
costs, in and out, $10k−$2382.385% of the position
Funding, last 4 days (all we have)+0.016%+$2 on $10k
+Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.078%, 7d avg +0.059%
=Funding pays, the price is against you. QFEX is 0.137% cheaper against Gate than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.059%). If the spread goes back, that is −$14 on $10k: about 5.7 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.016% in total) that is about 30 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CIEN_USDT | 372.30 | 0 | get 0.0000% / 8h | 4h 25m | $300K | $37K | 20x |
| Short | QFEX CIEN-USD | 372.01 | 0.0080 | get 0.0010% / 1h | 25m 20s | $1.1M | $4.2M | 10x |
Gate CIEN_USDT
QFEX CIEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $16.8
- Price spread: −0.078% → +0.059%
- −$13.69
- Slippage, 4 orders
- −$213.45
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$235.34
- Costs to cover
- 2.385%
- Break-even
- 105.1 days
Slippage from Gate: live order book, 30 min ago; QFEX: live order book, 3 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, 30 min ago | 16.13 bp | 91.0 bp −$91 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 27.25 bp | 34.3 bp −$34 | 42.5 bp −$425 | 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 | 372.06 | −0.064% | $176K | $404K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 371.31 | −0.266% | $132K | $184K | 20x | as long as short |
| Gate CIEN_USDTlong | 0.0000% | 8h | 372.30 | long leg | $300K | $37K | 20x | |
| Bitget CIENUSDT | 0.0000% | 8h | 372.26 | −0.011% | $96K | $190K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 372.43 | +0.035% | $49K | $55K | — | as long as short |
| Paragon para:CIEN | +0.0060% | 1h | 371.65 | −0.175% | $69K | $114K | 10x | as long as short |
| Binance CIENUSDT | +0.0065% | 8h | 372.50 | +0.054% | $531K | $1.2M | 20x | as long as short |
| QFEX CIEN-USDshort | +0.0080% | 1h | 372.01 | −0.078% | $1.1M | $4.2M | 10x | |
| KuCoin CIENUSDTM | +0.0100% | 8h | 371.92 | −0.102% | $100K | $188K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 372.28 | −0.005% | $655 | $901K | 10x | as long as short |
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Bitget CIENUSDT
Variational Omni CIEN
Paragon para:CIEN
Binance CIENUSDT
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 | 375.36 | +0.822% | $9K | $42K | 10x | as long as short |
HTX CIEN-USDT