Funding you earn now, next payment 05:00 UTC−0.0291%/8h= −31.8% APRnext payment −$0.36 per $10,000 · paid last 24h −0.089%
Price spread now: QFEX against Paragon−0.203%50s7-day average +0.170% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1941.940% of the position
Funding, last 4 days (all we have)−0.105%−$11 on $10k
+Price spread, last 4 days (all we have)+0.345%+$34 · spread now −0.203%, 7d avg +0.170%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and QFEX is 0.373% cheaper against Paragon than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of +0.170%). 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 | 370.32 | 0.0306 | pay 0.0038% / 1h | 48m 46s | $69K | $114K | 10x |
| Short | QFEX CIEN-USD | 369.57 | 0.0015 | get 0.0002% / 1h | 48m 46s | $1.1M | $4.1M | 10x |
Paragon para:CIEN
QFEX CIEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$61.01
- Price spread: −0.203% → +0.170%
- −$37.26
- Slippage, 4 orders
- −$174.05
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$292.32
- Costs to cover
- 1.940%
- Break-even
- never at this rate
Slippage from Paragon: live order book, 68 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 Paragon live order book, 68 min ago | 53.08 bp | 60.6 bp −$61 | 176.7 bp −$1,767 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 27.11 bp | 36.3 bp −$36 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CIENUSDT | 0.0000% | 8h | 369.73 | −0.160% | $175K | $392K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 369.71 | −0.165% | $134K | $188K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 369.90 | −0.114% | $297K | $37K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 369.84 | −0.130% | $98K | $192K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 370.54 | +0.058% | $49K | $55K | — | as long as short |
| QFEX CIEN-USDshort | +0.0015% | 1h | 369.57 | −0.203% | $1.1M | $4.1M | 10x | |
| Binance CIENUSDT | +0.0049% | 8h | 369.77 | −0.148% | $527K | $1.2M | 20x | as long as short |
| KuCoin CIENUSDTM | +0.0100% | 8h | 369.78 | −0.146% | $103K | $188K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 370.61 | +0.078% | $960 | $881K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 373.82 | +0.945% | $9K | $42K | 10x | as long as short |
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
Variational Omni CIEN
Binance CIENUSDT
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:CIENlong | +0.0306% | 1h | 370.32 | long leg | $69K | $114K | 10x |