Funding you earn now, next payment 09:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.008%
Price spread now: QFEX against OKX+0.430%7-day average +0.040% · 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−$189as in the Price arb table
costs, in and out, $10k−$2282.275% of the position
Funding, last 4 days (all we have)+0.016%+$2 on $10k
+Price spread, last 4 days (all we have)−0.329%−$33 · spread now +0.430%, 7d avg +0.040%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.390% dearer against OKX than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.040%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CIEN-USDT-SWAP | 364.75 | 0 | get 0.0000% / 8h | 6h 57m | $129K | $196K | 20x |
| Short | QFEX CIEN-USD | 366.32 | 0.0033 | get 0.0004% / 1h | 57m 52s | $1.1M | $3.3M | 10x |
OKX CIEN-USDT-SWAP
QFEX CIEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $6.96
- Price spread: +0.430% → +0.040%
- $39.02
- Slippage, 4 orders
- −$207.53
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$181.55
- Costs to cover
- 2.275%
- Break-even
- 189.7 days
Slippage from OKX: live order book, 32 min ago; QFEX: live order book, 5 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, 32 min ago | 12.38 bp | 74.6 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 31.80 bp | 41.0 bp −$41 | 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 | −0.0295% | 8h | 364.77 | +0.005% | $104K | $242K | 20x | as long as short |
| Binance CIENUSDT | 0.0000% | 8h | 365.36 | +0.167% | $507K | $1.4M | 20x | as long as short |
| Bybit CIENUSDT | 0.0000% | 8h | 364.73 | −0.005% | $173K | $188K | 25x | as long as short |
| OKX CIEN-USDT-SWAPlong | 0.0000% | 8h | 364.75 | long leg | $129K | $196K | 20x | |
| Gate CIEN_USDT | 0.0000% | 8h | 365.30 | +0.151% | $293K | $28K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 364.99 | +0.065% | $48K | $54K | — | as long as short |
| QFEX CIEN-USDshort | +0.0033% | 1h | 366.32 | +0.430% | $1.1M | $3.3M | 10x | |
| Paragon para:CIEN | +0.0060% | 1h | 364.61 | −0.040% | $66K | $139K | 10x | as long as short |
| KuCoin CIENUSDTM | +0.0096% | 8h | 364.83 | +0.022% | $97K | $290K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 364.67 | −0.022% | $1K | $832K | 10x | as long as short |
Bitget CIENUSDT
Binance CIENUSDT
Bybit CIENUSDT
Gate CIEN_USDT
Variational Omni CIEN
Paragon para:CIEN
KuCoin CIENUSDTM
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 | 368.58 | +1.050% | $9K | $43K | 10x | as long as short |
HTX CIEN-USDT