Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Bybit against HTX−1.018%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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 Bybit is 1.018% cheaper against HTX than usual: you would sell low and buy high (−$102 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX CIEN-USDT | 375.35 | 0.0100 | pay 0.0100% / 8h | 6h 26m | $9K | $41K | 10x |
| Short | Bybit CIENUSDT | 371.53 | 0 | get 0.0000% / 8h | 6h 26m | $175K | $813K | 25x |
HTX CIEN-USDT
Bybit CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against HTX. 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
- Price spread: −1.018% → 0.000%
- −$101.77
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$145.77
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: HTX: no order-book sample; Bybit: live order book, 8 min ago. 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 HTX no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 8 min ago | 5.25 bp | 103.3 bp −$103 | 218.4 bp −$2,184 | doesn't fit | doesn't fit |
HTX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CIENUSDTshort | 0.0000% | 8h | 371.53 | −1.018% | $175K | $813K | 25x | |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 371.24 | −1.095% | $133K | $223K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 371.50 | −1.026% | $304K | $37K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 371.52 | −1.020% | $93K | $221K | 20x | as long as short |
| QFEX CIEN-USD | +0.0018% | 1h | 371.27 | −1.087% | $1.1M | $4.6M | 10x | as long as short |
| Variational Omni CIEN | +0.0053% | 8h | 371.58 | −1.004% | $49K | $55K | — | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 371.34 | −1.068% | $1K | $909K | 10x | as long as short |
| HTX CIEN-USDTlong | +0.0100% | 8h | 375.35 | long leg | $9K | $41K | 10x | |
| Binance CIENUSDT | +0.0135% | 8h | 371.53 | −1.017% | $536K | $1.2M | 20x | as long as short |
| KuCoin CIENUSDTM | +0.0363% | 8h | 371.59 | −1.002% | $99K | $179K | 20x | as long as short |
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
QFEX CIEN-USD
Variational Omni CIEN
SunX CIEN-USDT
Binance CIENUSDT
KuCoin CIENUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIEN | +0.2204% | 1h | 371.78 | −0.951% | $91K | $85K | 10x | as long as short |
Paragon para:CIEN