Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.070%
Price spread now: Bybit against KuCoin+0.186%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$783as in the Funding arb table
Net, price: spread back to 7d avg − costs−$753as in the Price arb table
costs, in and out, $10k−$7767.755% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)−0.208%−$21 · spread now +0.186%, 7d avg −0.038%
=The price spread pays, funding is against you. Bybit is 0.224% dearer against KuCoin than usual: you sell high and buy low (spread +0.186% now, against its 7-day average of −0.038%): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.5 days. At the pace of the last 7 days (−0.078% in total) that is about 20 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CIENUSDTM | 366.14 | 0.0100 | pay 0.0100% / 8h | 4h 47m | $104K | $428K | 20x |
| Short | Bybit CIENUSDT | 366.82 | 0 | get 0.0000% / 8h | 4h 47m | $177K | $278K | 25x |
KuCoin CIENUSDTM
Bybit CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$21
- Price spread: +0.186% → −0.038%
- $22.41
- Slippage, 4 orders
- −$752.54
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$774.13
- Costs to cover
- 7.755%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 47 min ago; Bybit: live order book, 49 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, 47 min ago | 13.20 bp | 299.6 bp −$300 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 49 min ago | 0.14 bp | 68.9 bp −$69 | 201.1 bp −$2,011 | doesn't fit | doesn't fit |
CIEN on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance CIENUSDT | 0.0000% | 8h | 366.68 | +0.148% | $534K | $1.3M | 20x | as long as short |
| Bybit CIENUSDTshort | 0.0000% | 8h | 366.82 | +0.186% | $177K | $278K | 25x | |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 368.09 | +0.533% | $130K | $161K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 367.20 | +0.290% | $294K | $25K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 366.89 | +0.205% | $103K | $194K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 368.01 | +0.511% | $49K | $52K | — | as long as short |
| QFEX CIEN-USD | +0.0053% | 1h | 366.60 | +0.126% | $1.1M | $3.2M | 10x | as long as short |
| Paragon para:CIEN | +0.0060% | 1h | 366.38 | +0.066% | $65K | $83K | 10x | as long as short |
| KuCoin CIENUSDTMlong | +0.0100% | 8h | 366.14 | long leg | $104K | $428K | 20x | |
| SunX CIEN-USDT | +0.0100% | 8h | 367.14 | +0.273% | $1K | $691K | 10x | as long as short |
Binance CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
Variational Omni CIEN
QFEX CIEN-USD
Paragon para:CIEN
SunX CIEN-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CIEN-USDT | +0.0100% | 8h | 368.95 | +0.767% | $9K | $43K | 10x | as long as short |
HTX CIEN-USDT