Funding you earn now, next payment 08:00 UTC−0.0214%/8h= −23.4% APRnext payment −$2.14 per $10,000 · paid last 24h −0.043%
Price spread now: Binance against KuCoin+0.048%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$653as in the Funding arb table
Net, price: spread back to 7d avg − costs−$650as in the Price arb table
costs, in and out, $10k−$6466.464% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 2 days (all we have)+0.037%+$4 · spread now +0.048%, 7d avg +0.081%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.032% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.081%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.064% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.14 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 | KuCoin CIENUSDTM | 372.22 | 0.0383 | pay 0.0383% / 8h | 6h 44m | $100K | $173K | 20x |
| Short | Binance CIENUSDT | 372.40 | 0.0169 | get 0.0169% / 8h | 6h 44m | $536K | $1.2M | 20x |
KuCoin CIENUSDTM
Binance CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- −$44.95
- Price spread: +0.048% → +0.081%
- −$3.22
- Slippage, 4 orders
- −$624.41
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$694.59
- Costs to cover
- 6.464%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 59 min ago; Binance: 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 KuCoin live order book, 59 min ago | 7.35 bp | 278.1 bp −$278 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 5.36 bp | 39.6 bp −$40 | 95.7 bp −$957 | 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 | 372.27 | +0.013% | $175K | $1.0M | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 371.83 | −0.105% | $133K | $223K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 372.10 | −0.032% | $305K | $37K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 372.40 | +0.048% | $92K | $221K | 20x | as long as short |
| QFEX CIEN-USD | +0.0018% | 1h | 372.69 | +0.126% | $1.1M | $4.6M | 10x | as long as short |
| Variational Omni CIEN | +0.0079% | 8h | 372.76 | +0.146% | $49K | $55K | — | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 372.74 | +0.140% | $995 | $919K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 375.18 | +0.795% | $9K | $41K | 10x | as long as short |
| Binance CIENUSDTshort | +0.0169% | 8h | 372.40 | +0.048% | $536K | $1.2M | 20x | |
| KuCoin CIENUSDTMlong | +0.0383% | 8h | 372.22 | long leg | $100K | $173K | 20x |
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
QFEX CIEN-USD
Variational Omni CIEN
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 | +0.1922% | 1h | 371.83 | −0.105% | $91K | $85K | 10x | as long as short |
Paragon para:CIEN