Settings8H · net · $10k
Funding arb · Price arb /

CIEN

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.2506%/8h= +274.4% APRpaid last 24h +0.013%
Price spread now: Paragon against HTX−0.194%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Paragon is 0.194% cheaper against HTX than usual: you would sell low and buy high (spread −0.194% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 6 hours of funding at the current rate (+$75 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX CIEN-USDT371.590.0100pay 0.0100% / 8h6h 04m$9K$41K10x
ShortParagon para:CIEN370.870.2606get 0.0326% / 1h4m 03s$69K$114K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paragon against HTX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$526.2
Price spread: −0.194% → 0.000%
−$19.38
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Paragon: 5 bp × 2 orders
−$10
Net
$484.82
Costs to cover
0.220%
Break-even
0.6 days
Slippage unknown: HTX: no order-book sample; Paragon: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX no order-book sample
Sell Paragon live order book, 3 min ago43.59 bp48.6 bp −$49149.5 bp −$1,495doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CIENUSDT0.0000%8h370.21−0.371%$178K$578K25xas long as short
OKX CIEN-USDT-SWAP0.0000%8h370.03−0.420%$132K$220K20xas long as short
Gate CIEN_USDT0.0000%8h370.10−0.401%$303K$37K20xas long as short
Bitget CIENUSDT0.0000%8h370.34−0.336%$92K$186K20xas long as short
Variational Omni CIEN+0.0008%8h369.87−0.463%$49K$55Kas long as short
QFEX CIEN-USD+0.0018%1h370.02−0.423%$1.1M$4.5M10xas long as short
Binance CIENUSDT+0.0092%8h370.17−0.383%$533K$1.2M20xas long as short
SunX CIEN-USDT+0.0100%8h370.23−0.366%$1K$904K10xas long as short
HTX CIEN-USDTlong+0.0100%8h371.59long leg$9K$41K10x
KuCoin CIENUSDTM+0.0267%8h369.48−0.568%$100K$189K20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paragon para:CIENshort+0.2606%1h370.87−0.194%$69K$114K10x