Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.020%
Price spread now: QFEX against HTX−0.725%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$1 a day on $10k at the current rate, and QFEX is 0.725% cheaper against HTX than usual: you would sell low and buy high (−$72 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 | 375.18 | 0.0100 | pay 0.0100% / 8h | 4h 43m | $9K | $42K | 10x |
| Short | QFEX CIEN-USD | 372.46 | 0.0080 | get 0.0010% / 1h | 43m 15s | $1.1M | $4.2M | 10x |
HTX CIEN-USDT
QFEX CIEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$4.2
- Price spread: −0.725% → 0.000%
- −$72.5
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$98.7
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: HTX: no order-book sample; QFEX: live order book, 5 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 QFEX live order book, 5 min ago | 2.15 bp | 12.6 bp −$13 | doesn't fit | 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 CIENUSDT | 0.0000% | 8h | 372.13 | −0.813% | $176K | $405K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 371.93 | −0.866% | $132K | $185K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 372.40 | −0.741% | $300K | $37K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 371.90 | −0.874% | $95K | $189K | 20x | as long as short |
| Variational Omni CIEN | +0.0018% | 8h | 372.18 | −0.798% | $49K | $55K | — | as long as short |
| QFEX CIEN-USDshort | +0.0080% | 1h | 372.46 | −0.725% | $1.1M | $4.2M | 10x | |
| KuCoin CIENUSDTM | +0.0100% | 8h | 372.05 | −0.834% | $100K | $188K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 372.20 | −0.794% | $949 | $897K | 10x | as long as short |
| HTX CIEN-USDTlong | +0.0100% | 8h | 375.18 | long leg | $9K | $42K | 10x | |
| Binance CIENUSDT | +0.0103% | 8h | 372.43 | −0.733% | $532K | $1.2M | 20x | as long as short |
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
Variational Omni CIEN
KuCoin CIENUSDTM
SunX CIEN-USDT
Binance CIENUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIEN | +0.0196% | 1h | 371.98 | −0.853% | $69K | $114K | 10x | as long as short |
Paragon para:CIEN