Funding you earn now, next payment 08:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.060%
Price spread now: QFEX against KuCoin+0.182%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$888as in the Price arb table
costs, in and out, $10k−$9029.019% of the position
Funding, last 4 days (all we have)−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.182%, 7d avg +0.039%
=The price spread pays, funding is against you. QFEX is 0.143% dearer against KuCoin than usual: you sell high and buy low (spread +0.182% now, against its 7-day average of +0.039%): +$14 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 4 days (−0.001% in total) that is about 15 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CIENUSDTM | 362.61 | 0.0100 | pay 0.0100% / 8h | 11m 21s | $103K | $211K | 20x |
| Short | QFEX CIEN-USD | 363.27 | −0.0056 | pay 0.0007% / 1h | 11m 21s | $1.1M | $3.4M | 10x |
KuCoin CIENUSDTM
QFEX CIEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$32.83
- Price spread: +0.182% → +0.039%
- $14.34
- Slippage, 4 orders
- −$879.94
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$920.43
- Costs to cover
- 9.019%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 20 min ago; QFEX: live order book, 7 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, 20 min ago | 10.31 bp | 354.0 bp −$354 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 129.24 bp | 138.8 bp −$139 | 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 | −0.0334% | 8h | 363.16 | +0.152% | $96K | $191K | 20x | as long as short |
| QFEX CIEN-USDshort | −0.0056% | 1h | 363.27 | +0.182% | $1.1M | $3.4M | 10x | |
| Binance CIENUSDT | 0.0000% | 8h | 363.25 | +0.176% | $503K | $1.3M | 20x | as long as short |
| Bybit CIENUSDT | 0.0000% | 8h | 363.21 | +0.165% | $173K | $189K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 362.96 | +0.097% | $130K | $194K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 363.80 | +0.328% | $294K | $40K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 363.28 | +0.185% | $48K | $55K | — | as long as short |
| Paragon para:CIEN | +0.0060% | 1h | 363.27 | +0.183% | $65K | $139K | 10x | as long as short |
| KuCoin CIENUSDTMlong | +0.0100% | 8h | 362.61 | long leg | $103K | $211K | 20x | |
| SunX CIEN-USDT | +0.0100% | 8h | 363.10 | +0.135% | $1K | $863K | 10x | as long as short |
Bitget CIENUSDT
Binance CIENUSDT
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Variational Omni CIEN
Paragon para:CIEN
SunX CIEN-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CIEN-USDT | +0.0100% | 8h | 367.01 | +1.213% | $9K | $42K | 10x | as long as short |
HTX CIEN-USDT