Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.32 per $10,000 · paid last 24h +0.027%
Price spread now: Binance against OKX+0.139%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$2032.028% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)+0.149%+$15 · spread now +0.139%, 7d avg +0.068%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.071% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CIEN-USDT-SWAP | 371.11 | 0 | get 0.0000% / 8h | 5h 31m | $132K | $186K | 20x |
| Short | Binance CIENUSDT | 371.63 | 0.0032 | get 0.0032% / 8h | 5h 31m | $534K | $1.2M | 20x |
OKX CIEN-USDT-SWAP
Binance CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- $6.71
- Price spread: +0.139% → +0.068%
- $7.13
- Slippage, 4 orders
- −$182.79
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$188.96
- Costs to cover
- 2.028%
- Break-even
- 204.2 days
Slippage from OKX: live order book, 28 min ago; Binance: live order book, 1 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 OKX live order book, 28 min ago | 11.77 bp | 81.8 bp −$82 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 4.84 bp | 27.4 bp −$27 | 82.7 bp −$827 | 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 | 371.19 | +0.022% | $176K | $449K | 25x | as long as short |
| OKX CIEN-USDT-SWAPlong | 0.0000% | 8h | 371.11 | long leg | $132K | $186K | 20x | |
| Gate CIEN_USDT | 0.0000% | 8h | 371.30 | +0.051% | $299K | $38K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 371.47 | +0.097% | $94K | $187K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 371.35 | +0.065% | $49K | $55K | — | as long as short |
| QFEX CIEN-USD | +0.0007% | 1h | 371.61 | +0.135% | $1.1M | $4.4M | 10x | as long as short |
| Binance CIENUSDTshort | +0.0032% | 8h | 371.63 | +0.139% | $534K | $1.2M | 20x | |
| SunX CIEN-USDT | +0.0100% | 8h | 371.48 | +0.100% | $1K | $897K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 373.98 | +0.773% | $9K | $41K | 10x | as long as short |
| KuCoin CIENUSDTM | +0.0139% | 8h | 371.03 | −0.022% | $100K | $188K | 20x | as long as short |
Bybit CIENUSDT
Gate CIEN_USDT
Bitget CIENUSDT
Variational Omni CIEN
QFEX CIEN-USD
SunX CIEN-USDT
HTX CIEN-USDT
KuCoin CIENUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIEN | +0.2707% | 1h | 370.87 | −0.065% | $69K | $114K | 10x | as long as short |
Paragon para:CIEN