Funding you earn now, next payment 08:00 UTC−0.0340%/8h= −37.2% APRnext payment −$3.40 per $10,000 · paid last 24h +0.150%
Price spread now: Bitget against KuCoin+0.110%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$745as in the Funding arb table
Net, price: spread back to 7d avg − costs−$747as in the Price arb table
costs, in and out, $10k−$7617.607% of the position
Funding, last 7 days+0.153%+$15 on $10k
+Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.110%, 7d avg −0.025%
=The price spread pays, funding is against you. Bitget is 0.135% dearer against KuCoin than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of −0.025%): +$13 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 32 hours. Mind the row above: over the last 7 days funding on this pair paid +0.153%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.153% in total (about 8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.40 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 | 371.48 | 0.0340 | pay 0.0340% / 8h | 6h 18m | $99K | $183K | 20x |
| Short | Bitget CIENUSDT | 371.89 | 0 | get 0.0000% / 8h | 6h 18m | $93K | $221K | 20x |
KuCoin CIENUSDTM
Bitget CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$71.4
- Price spread: +0.110% → −0.025%
- $13.5
- Slippage, 4 orders
- −$736.7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$818.61
- Costs to cover
- 7.607%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 11 min ago; Bitget: live order book, 41 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, 11 min ago | 7.67 bp | 389.7 bp −$390 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 41 min ago | 7.24 bp | 48.6 bp −$49 | 69.7 bp −$697 | 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 | 371.48 | 0.000% | $175K | $726K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 371.24 | −0.065% | $133K | $220K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 371.60 | +0.032% | $304K | $37K | 20x | as long as short |
| Bitget CIENUSDTshort | 0.0000% | 8h | 371.89 | +0.110% | $93K | $221K | 20x | |
| QFEX CIEN-USD | +0.0018% | 1h | 371.50 | +0.005% | $1.1M | $4.5M | 10x | as long as short |
| Variational Omni CIEN | +0.0034% | 8h | 371.57 | +0.026% | $49K | $55K | — | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 371.37 | −0.030% | $1K | $911K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 374.49 | +0.810% | $9K | $41K | 10x | as long as short |
| Binance CIENUSDT | +0.0120% | 8h | 371.74 | +0.070% | $536K | $1.2M | 20x | as long as short |
| KuCoin CIENUSDTMlong | +0.0340% | 8h | 371.48 | long leg | $99K | $183K | 20x |
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
QFEX CIEN-USD
Variational Omni CIEN
SunX CIEN-USDT
HTX CIEN-USDT
Binance CIENUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIEN | +0.2376% | 1h | 371.79 | +0.083% | $91K | $85K | 10x | as long as short |
Paragon para:CIEN