Funding you earn now, next payment 06:00 UTC−0.0750%/8h= −82.1% APRpaid last 24h −0.038%
Price spread now: KuCoin against Paragon−0.237%50s7-day average +0.130% · you buy dearer than you sell
Net, funding: paid 7d − costs−$830as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$7657.654% of the position
Funding, last 7 days−0.645%−$65 on $10k
+Price spread, last 4 days (all we have)+0.299%+$30 · spread now −0.237%, 7d avg +0.130%
=Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and KuCoin is 0.367% cheaper against Paragon than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of +0.130%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:CIEN | 367.72 | 0.0850 | pay 0.0106% / 1h | 4m 53s | $66K | $132K | 10x |
| Short | KuCoin CIENUSDTM | 366.85 | 0.0100 | get 0.0100% / 8h | 2h 04m | $104K | $184K | 20x |
Paragon para:CIEN
KuCoin CIENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Paragon. 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
- −$157.46
- Price spread: −0.237% → +0.130%
- −$36.72
- Slippage, 4 orders
- −$743.37
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$959.55
- Costs to cover
- 7.654%
- Break-even
- never at this rate
Slippage from Paragon: live order book, 32 min ago; KuCoin: live order book, 51 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 Paragon live order book, 32 min ago | 40.51 bp | 45.5 bp −$46 | 155.5 bp −$1,555 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 51 min ago | 12.04 bp | 279.5 bp −$280 | 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 | −0.0163% | 8h | 367.20 | −0.142% | $97K | $195K | 20x | as long as short |
| Binance CIENUSDT | 0.0000% | 8h | 367.18 | −0.148% | $511K | $1.3M | 20x | as long as short |
| Bybit CIENUSDT | 0.0000% | 8h | 367.34 | −0.104% | $175K | $186K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 366.83 | −0.243% | $132K | $188K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 367.60 | −0.033% | $288K | $40K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 367.12 | −0.165% | $49K | $55K | — | as long as short |
| QFEX CIEN-USD | +0.0002% | 1h | 367.25 | −0.129% | $1.1M | $3.7M | 10x | as long as short |
| KuCoin CIENUSDTMshort | +0.0100% | 8h | 366.85 | −0.237% | $104K | $184K | 20x | |
| SunX CIEN-USDT | +0.0100% | 8h | 367.17 | −0.150% | $393 | $874K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 369.84 | +0.576% | $9K | $42K | 10x | as long as short |
Bitget CIENUSDT
Binance CIENUSDT
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Variational Omni CIEN
QFEX CIEN-USD
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:CIENlong | +0.0850% | 1h | 367.72 | long leg | $66K | $132K | 10x |