Funding you earn now, next payment 05:00 UTC−0.0294%/8h= −32.1% APRpaid last 24h −0.071%
Price spread now: SunX against Paragon−0.058%7-day average +0.118% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.553%−$55 on $10k
+Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.058%, 7d avg +0.118%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and SunX is 0.176% cheaper against Paragon than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.118%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:CIEN | 369.85 | 0.0394 | pay 0.0049% / 1h | 46m 58s | $69K | $114K | 10x |
| Short | SunX CIEN-USDT | 369.64 | 0.0100 | get 0.0100% / 8h | 3h 46m | $957 | $881K | 10x |
Paragon para:CIEN
SunX CIEN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$61.64
- Price spread: −0.058% → +0.118%
- −$17.62
- Slippage, 4 orders
- no order book: not counted
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$97.26
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Paragon: live order book, 70 min ago; SunX: live order book, 16 min ago. Net counts fees only.
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, 70 min ago | 53.08 bp | 60.6 bp −$61 | 176.7 bp −$1,767 | doesn't fit | doesn't fit |
| Sell SunX live order book, 16 min ago | 253.07 bp | doesn't fit | 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 | 369.35 | −0.136% | $175K | $392K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 369.71 | −0.039% | $134K | $188K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 369.70 | −0.042% | $297K | $37K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 369.84 | −0.004% | $98K | $192K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 370.54 | +0.184% | $49K | $55K | — | as long as short |
| QFEX CIEN-USD | +0.0015% | 1h | 370.21 | +0.096% | $1.1M | $4.1M | 10x | as long as short |
| Binance CIENUSDT | +0.0047% | 8h | 369.88 | +0.007% | $527K | $1.2M | 20x | as long as short |
| KuCoin CIENUSDTM | +0.0100% | 8h | 369.48 | −0.101% | $103K | $188K | 20x | as long as short |
| SunX CIEN-USDTshort | +0.0100% | 8h | 369.64 | −0.058% | $957 | $881K | 10x | |
| HTX CIEN-USDT | +0.0100% | 8h | 373.70 | +1.040% | $9K | $41K | 10x | as long as short |
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
Variational Omni CIEN
QFEX CIEN-USD
Binance CIENUSDT
KuCoin CIENUSDTM
HTX CIEN-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIENlong | +0.0394% | 1h | 369.85 | long leg | $69K | $114K | 10x |