Funding you earn now, next payment 07:00 UTC+0.0467%/8h= +51.2% APRpaid last 24h −0.114%
Price spread now: OKX against Paragon−0.386%7-day average +0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$296as in the Funding arb table
Net, price: spread back to 7d avg − costs−$274as in the Price arb table
costs, in and out, $10k−$2222.223% of the position
Funding, last 7 days−0.734%−$73 on $10k
+Price spread, last 4 days (all we have)+0.464%+$46 · spread now −0.386%, 7d avg +0.131%
=Funding pays, the price is against you. OKX is 0.516% cheaper against Paragon than usual: you would sell low and buy high (spread −0.386% now, against its 7-day average of +0.131%). If the spread goes back, that is −$52 on $10k: about 3.7 days of funding at the current rate (+$14 a day). Mind the row above: over the last 7 days funding on this pair cost −0.734%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:CIEN | 366.45 | −0.0467 | get 0.0058% / 1h | 48m 09s | $66K | $132K | 10x |
| Short | OKX CIEN-USDT-SWAP | 365.04 | 0 | get 0.0000% / 8h | 1h 48m | $131K | $191K | 20x |
Paragon para:CIEN
OKX CIEN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $98.12
- Price spread: −0.386% → +0.131%
- −$51.63
- Slippage, 4 orders
- −$202.25
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$175.77
- Costs to cover
- 2.223%
- Break-even
- 19.5 days
Slippage from Paragon: live order book, 49 min ago; OKX: live order book, 57 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, 49 min ago | 40.51 bp | 45.5 bp −$46 | 155.5 bp −$1,555 | doesn't fit | doesn't fit |
| Sell OKX live order book, 57 min ago | 10.23 bp | 73.2 bp −$73 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIENlong | −0.0467% | 1h | 366.45 | long leg | $66K | $132K | 10x | |
| Bitget CIENUSDT | −0.0138% | 8h | 366.98 | +0.144% | $97K | $195K | 20x | as long as short |
| QFEX CIEN-USD | −0.0080% | 1h | 365.45 | −0.274% | $1.1M | $3.6M | 10x | as long as short |
| Binance CIENUSDT | 0.0000% | 8h | 365.81 | −0.175% | $509K | $1.3M | 20x | as long as short |
| Bybit CIENUSDT | 0.0000% | 8h | 365.76 | −0.189% | $175K | $185K | 25x | as long as short |
| OKX CIEN-USDT-SWAPshort | 0.0000% | 8h | 365.04 | −0.386% | $131K | $191K | 20x | |
| Gate CIEN_USDT | 0.0000% | 8h | 365.80 | −0.178% | $296K | $41K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 365.59 | −0.236% | $48K | $55K | — | as long as short |
| KuCoin CIENUSDTM | +0.0100% | 8h | 366.12 | −0.091% | $105K | $184K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 365.83 | −0.170% | $684 | $875K | 10x | as long as short |
Bitget CIENUSDT
QFEX CIEN-USD
Binance CIENUSDT
Bybit CIENUSDT
Gate CIEN_USDT
Variational Omni 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 | 369.27 | +0.769% | $9K | $42K | 10x | as long as short |
HTX CIEN-USDT