Funding you earn now, next payment 23:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h +0.005%
Price spread now: Binance against QFEX−0.011%7-day average −0.027% · 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−$59as in the Price arb table
costs, in and out, $10k−$600.601% of the position
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 2 days (all we have)−0.018%−$2 · spread now −0.011%, 7d avg −0.027%
=The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX CIEN-USD | 371.14 | 0.0041 | pay 0.0005% / 1h | 29m 54s | $1.1M | $4.7M | 10x |
| Short | Binance CIENUSDT | 371.10 | 0 | get 0.0000% / 8h | 1h 29m | $493K | $1.2M | 20x |
QFEX CIEN-USD
Binance CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against QFEX. 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
- −$8.67
- Price spread: −0.011% → −0.027%
- $1.62
- Slippage, 4 orders
- −$40.14
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$67.19
- Costs to cover
- 0.601%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 3 min ago; Binance: live order book, 3 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 QFEX live order book, 3 min ago | 2.16 bp | 10.7 bp −$11 | 21.0 bp −$210 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 4.18 bp | 15.6 bp −$16 | 68.3 bp −$683 | 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:CIEN | −0.0250% | 1h | 370.85 | −0.077% | $91K | $95K | 10x | as long as short |
| Binance CIENUSDTshort | 0.0000% | 8h | 371.10 | −0.011% | $493K | $1.2M | 20x | |
| Bybit CIENUSDT | 0.0000% | 8h | 371.21 | +0.019% | $170K | $1.5M | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 370.50 | −0.172% | $134K | $216K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 370.60 | −0.145% | $304K | $40K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 370.96 | −0.048% | $86K | $304K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 371.04 | −0.026% | $9K | $13K | — | as long as short |
| QFEX CIEN-USDlong | +0.0041% | 1h | 371.14 | long leg | $1.1M | $4.7M | 10x | |
| KuCoin CIENUSDTM | +0.0100% | 8h | 371.10 | −0.011% | $103K | $112K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 370.79 | −0.094% | $530 | $1.1M | 10x | as long as short |
Paragon para:CIEN
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
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 | 373.50 | +0.636% | $9K | $39K | 10x | as long as short |
HTX CIEN-USDT