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: OKX against KuCoin+0.156%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$747as in the Funding arb table
Net, price: spread back to 7d avg − costs−$721as in the Price arb table
costs, in and out, $10k−$7367.364% of the position
Funding, last 7 days−0.105%−$10 on $10k
+Price spread, last 4 days (all we have)−0.183%−$18 · spread now +0.156%, 7d avg −0.002%
=The price spread pays, funding is against you. OKX is 0.158% dearer against KuCoin than usual: you sell high and buy low (spread +0.156% now, against its 7-day average of −0.002%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.3 days. At the pace of the last 7 days (−0.105% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CIENUSDTM | 365.98 | 0.0100 | pay 0.0100% / 8h | 3h 19m | $105K | $189K | 20x |
| Short | OKX CIEN-USDT-SWAP | 366.55 | 0 | get 0.0000% / 8h | 3h 19m | $133K | $187K | 20x |
KuCoin CIENUSDTM
OKX CIEN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.156% → −0.002%
- $15.76
- Slippage, 4 orders
- −$714.42
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$741.66
- Costs to cover
- 7.364%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 51 min ago; OKX: live order book, 31 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, 51 min ago | 8.34 bp | 328.3 bp −$328 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 31 min ago | 6.08 bp | 58.5 bp −$58 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CIENUSDT | 0.0000% | 8h | 366.55 | +0.156% | $175K | $395K | 25x | as long as short |
| OKX CIEN-USDT-SWAPshort | 0.0000% | 8h | 366.55 | +0.156% | $133K | $187K | 20x | |
| Gate CIEN_USDT | 0.0000% | 8h | 366.70 | +0.197% | $287K | $40K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 366.42 | +0.120% | $97K | $194K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 366.43 | +0.122% | $48K | $55K | — | as long as short |
| Binance CIENUSDT | +0.0011% | 8h | 366.37 | +0.107% | $531K | $1.2M | 20x | as long as short |
| QFEX CIEN-USD | +0.0015% | 1h | 366.51 | +0.145% | $1.1M | $4.1M | 10x | as long as short |
| KuCoin CIENUSDTMlong | +0.0100% | 8h | 365.98 | long leg | $105K | $189K | 20x | |
| SunX CIEN-USDT | +0.0100% | 8h | 366.52 | +0.148% | $1K | $871K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 370.37 | +1.200% | $9K | $42K | 10x | as long as short |
Bybit CIENUSDT
Gate CIEN_USDT
Bitget CIENUSDT
Variational Omni CIEN
Binance CIENUSDT
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 | +0.1171% | 1h | 366.37 | +0.108% | $66K | $130K | 10x | as long as short |
Paragon para:CIEN