CIEN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	MEXCCIENSTOCK_USDT	389.49	−0.0902	get 0.0902% / 8h	1h 40m	$1.4M	$159K	20x	Long MEXC
SHORT	QFEXCIEN-USD	389.55	−0.0002	0.0000% / 1h	40m 45s	$1.1M	$2.4M	10x	Short QFEX

Price gap+0.015%

Funding gap+0.0900% /8h

Both sides work: funding pays +$27 a day on $10k, and the gap is 0.058% above its 7d average: +$6 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$22+0.0900% /8h now · paid +0.217% over the last 7D

Price+$6spread +0.015% now, avg −0.042% → +0.058% if it goes back

Costs−$580.582% of $10k · taker + slippage, in and out

Result−$31−0.31%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.217% in total, about +0.0103%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.015%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CIEN on 13 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

Watch: Thin at this size11.7 / 18.5 bp
At $10k entering QFEX costs 18.5 bp, fee and slippage, 1.6× MEXC’s.
Note: Margin at max leverage$500 + $1,000
MEXC 20x, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$26.99Long MEXC: 3 payments, +$27.06; short QFEX: 24 payments, −$0.07.
OK: Entry gap works for you+0.015% vs −0.042%
You short the dearer leg. If the gap goes back to average, the short gains.
Note: Short leg is thinner$1.1M vs $1.4M OI
Both legs are deep; QFEX is the smaller one.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCMEXC Yes · QFEX No
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0103%/8h × 21 periods+$21.70

Price spread+0.015% → −0.042% (7d avg)+$5.79

Slippage, 4 orderslive order books−$38.20

Fee MEXC bp × 2 orders$0.00

Fee QFEX bp × 2 orders−$20.00

Net · 7 days · $10k−$30.71

Costs to cover0.582%Break-even16.9 days

Slippage: MEXC: live order book, 5 min ago; QFEX: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGMEXC9.1111.7 bp−$1212.8 bp−$128156.3 bp−$15.6Kdoesn’t fit

SELL · SHORTQFEX2.0518.5 bp−$19doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

CIEN news

posts that mention CIEN or Ciena, from every exchangeSearch all news →

10-02 15:51	BingX	Other	$CIEN jumps 7.77% as AI networking demand fuels the rally 🚀 Bernstein initiated coverage with an Outperform rating and a $440 target, backing Ciena’s AI growth story. What’s next for $CIEN? Read the full breakdown 👇 @BingXOfficial on X ↗
09-18 12:57	Paragon	Listing	Ciena ($CIEN), IREN ($IREN) and Applied Optoelectronics ($AAOI) sit on different layers of the same AI build: line systems, cloud capacity, and optical transceivers. All three are live as perpetuals, 24/7 on Hyperliquid. Up to 10x. @tradeparagon on X ↗