Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.070%
Price spread now: Gate against KuCoin+0.186%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$792as in the Funding arb table
Net, price: spread back to 7d avg − costs−$761as in the Price arb table
costs, in and out, $10k−$7827.816% of the position
Funding, last 7 days−0.105%−$10 on $10k
+Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.186%, 7d avg −0.023%
=The price spread pays, funding is against you. Gate is 0.209% dearer against KuCoin than usual: you sell high and buy low (spread +0.186% now, against its 7-day average of −0.023%): +$21 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.0 days. At the pace of the last 7 days (−0.105% in total) that is about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CIENUSDTM | 365.62 | 0.0100 | pay 0.0100% / 8h | 2h 51m | $102K | $189K | 20x |
| Short | Gate CIEN_USDT | 366.30 | 0 | get 0.0000% / 8h | 2h 51m | $287K | $40K | 20x |
KuCoin CIENUSDTM
Gate CIEN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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% → −0.023%
- $20.86
- Slippage, 4 orders
- −$754.6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$781.74
- Costs to cover
- 7.816%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Gate: live order book, 59 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, 4 min ago | 12.04 bp | 394.8 bp −$395 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 59 min ago | 23.00 bp | 34.6 bp −$35 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CIENUSDT | −0.0011% | 8h | 367.76 | +0.585% | $97K | $195K | 20x | as long as short |
| Binance CIENUSDT | 0.0000% | 8h | 366.08 | +0.127% | $527K | $1.3M | 20x | as long as short |
| Bybit CIENUSDT | 0.0000% | 8h | 365.67 | +0.014% | $175K | $382K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 364.85 | −0.211% | $132K | $185K | 20x | as long as short |
| Gate CIEN_USDTshort | 0.0000% | 8h | 366.30 | +0.186% | $287K | $40K | 20x | |
| Variational Omni CIEN | 0.0000% | 8h | 365.58 | −0.011% | $48K | $55K | — | as long as short |
| QFEX CIEN-USD | +0.0002% | 1h | 366.41 | +0.216% | $1.1M | $4.0M | 10x | as long as short |
| KuCoin CIENUSDTMlong | +0.0100% | 8h | 365.62 | long leg | $102K | $189K | 20x | |
| SunX CIEN-USDT | +0.0100% | 8h | 366.01 | +0.107% | $1K | $875K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 369.49 | +1.058% | $9K | $42K | 10x | as long as short |
Bitget CIENUSDT
Binance CIENUSDT
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Variational Omni CIEN
QFEX CIEN-USD
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 | +0.1316% | 1h | 366.48 | +0.234% | $66K | $132K | 10x | as long as short |
Paragon para:CIEN