Funding you earn now, next payment 08:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.02 per $10,000 · paid last 24h +0.219%
Price spread now: Bitget against OKX−0.077%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$337as in the Funding arb table
Net, price: spread back to 7d avg − costs−$369as in the Price arb table
costs, in and out, $10k−$3633.628% of the position
Funding, last 7 days+0.257%+$26 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.077%, 7d avg −0.016%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.061% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CIEN-USDT-SWAP | 365.39 | 0 | get 0.0000% / 8h | 2h 37m | $132K | $187K | 20x |
| Short | Bitget CIENUSDT | 365.11 | −0.0002 | pay 0.0002% / 8h | 2h 37m | $97K | $195K | 20x |
OKX CIEN-USDT-SWAP
Bitget CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$0.42
- Price spread: −0.077% → −0.016%
- −$6.07
- Slippage, 4 orders
- −$340.79
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$369.28
- Costs to cover
- 3.628%
- Break-even
- never at this rate
Slippage from OKX: live order book, 8 min ago; Bitget: live order book, 3 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, 8 min ago | 10.23 bp | 58.1 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 16.74 bp | 30.0 bp −$30 | 54.7 bp −$547 | 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 CIENUSDTshort | −0.0002% | 8h | 365.11 | −0.077% | $97K | $195K | 20x | |
| Binance CIENUSDT | 0.0000% | 8h | 365.56 | +0.046% | $529K | $1.3M | 20x | as long as short |
| Bybit CIENUSDT | 0.0000% | 8h | 365.81 | +0.115% | $175K | $320K | 25x | as long as short |
| OKX CIEN-USDT-SWAPlong | 0.0000% | 8h | 365.39 | long leg | $132K | $187K | 20x | |
| Gate CIEN_USDT | 0.0000% | 8h | 366.10 | +0.194% | $286K | $40K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 365.07 | −0.088% | $48K | $55K | — | as long as short |
| QFEX CIEN-USD | +0.0002% | 1h | 364.86 | −0.145% | $1.1M | $3.9M | 10x | as long as short |
| KuCoin CIENUSDTM | +0.0100% | 8h | 365.13 | −0.071% | $104K | $187K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 365.76 | +0.101% | $900 | $875K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 368.63 | +0.887% | $9K | $42K | 10x | as long as short |
Binance CIENUSDT
Bybit CIENUSDT
Gate CIEN_USDT
Variational Omni CIEN
QFEX CIEN-USD
KuCoin CIENUSDTM
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 | +0.1585% | 1h | 366.09 | +0.190% | $66K | $132K | 10x | as long as short |
Paragon para:CIEN