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: KuCoin against OKX−0.197%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$687as in the Funding arb table
Net, price: spread back to 7d avg − costs−$717as in the Price arb table
costs, in and out, $10k−$6986.979% of the position
Funding, last 7 days+0.105%+$10 on $10k
+Price spread, last 4 days (all we have)+0.187%+$19 · spread now −0.197%, 7d avg −0.003%
=Funding pays, the price is against you. KuCoin is 0.195% cheaper against OKX than usual: you would sell low and buy high (spread −0.197% now, against its 7-day average of −0.003%). If the spread goes back, that is −$19 on $10k: about 6.5 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.105% in total) that is about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CIEN-USDT-SWAP | 364.81 | 0 | get 0.0000% / 8h | 37m 18s | $131K | $192K | 20x |
| Short | KuCoin CIENUSDTM | 364.09 | 0.0100 | get 0.0100% / 8h | 37m 18s | $104K | $189K | 20x |
OKX CIEN-USDT-SWAP
KuCoin CIENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.197% → −0.003%
- −$19.48
- Slippage, 4 orders
- −$675.91
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$696.39
- Costs to cover
- 6.979%
- Break-even
- 239.1 days
Slippage from OKX: live order book, 63 min ago; KuCoin: live order book, 64 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, 63 min ago | 7.55 bp | 22.4 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 64 min ago | 10.15 bp | 272.3 bp −$272 | 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 | −0.0181% | 8h | 364.37 | −0.121% | $96K | $191K | 20x | as long as short |
| QFEX CIEN-USD | −0.0056% | 1h | 364.71 | −0.027% | $1.1M | $3.3M | 10x | as long as short |
| Binance CIENUSDT | 0.0000% | 8h | 364.68 | −0.035% | $504K | $1.3M | 20x | as long as short |
| Bybit CIENUSDT | 0.0000% | 8h | 364.62 | −0.052% | $174K | $188K | 25x | as long as short |
| OKX CIEN-USDT-SWAPlong | 0.0000% | 8h | 364.81 | long leg | $131K | $192K | 20x | |
| Gate CIEN_USDT | 0.0000% | 8h | 365.30 | +0.134% | $295K | $40K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 364.42 | −0.107% | $48K | $55K | — | as long as short |
| KuCoin CIENUSDTMshort | +0.0100% | 8h | 364.09 | −0.197% | $104K | $189K | 20x | |
| SunX CIEN-USDT | +0.0100% | 8h | 364.40 | −0.112% | $791 | $869K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 367.00 | +0.600% | $9K | $42K | 10x | as long as short |
Bitget CIENUSDT
QFEX CIEN-USD
Binance CIENUSDT
Bybit CIENUSDT
Gate CIEN_USDT
Variational Omni CIEN
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 | +0.0107% | 1h | 364.78 | −0.008% | $66K | $139K | 10x | as long as short |
Paragon para:CIEN