Funding you earn now, next payment 06:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h +0.208%
Price spread now: Bitget against QFEX+0.142%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1251.246% of the position
Funding, last 4 days (all we have)+0.231%+$23 on $10k
+Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.142%, 7d avg −0.053%
=The price spread pays, funding is against you. Bitget is 0.195% dearer against QFEX than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of −0.053%): +$19 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 44 days. Mind the row above: over the last 4 days funding on this pair paid +0.231%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX CIEN-USD | 365.61 | 0.0002 | pay 0.0000% / 1h | 56m 05s | $1.1M | $4.0M | 10x |
| Short | Bitget CIENUSDT | 366.13 | −0.0013 | pay 0.0013% / 8h | 2h 56m | $97K | $195K | 20x |
QFEX CIEN-USD
Bitget CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$3.13
- Price spread: +0.142% → −0.053%
- $19.49
- Slippage, 4 orders
- −$102.63
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$108.28
- Costs to cover
- 1.246%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 7 min ago; Bitget: live order book, 48 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, 7 min ago | 1.09 bp | 14.6 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 48 min ago | 11.63 bp | 49.6 bp −$50 | 68.7 bp −$687 | 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 CIENUSDTshort | −0.0013% | 8h | 366.13 | +0.142% | $97K | $195K | 20x | |
| Binance CIENUSDT | 0.0000% | 8h | 365.39 | −0.059% | $521K | $1.3M | 20x | as long as short |
| Bybit CIENUSDT | 0.0000% | 8h | 365.43 | −0.049% | $174K | $395K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 365.67 | +0.016% | $132K | $186K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 366.30 | +0.189% | $287K | $40K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 366.19 | +0.159% | $48K | $55K | — | as long as short |
| QFEX CIEN-USDlong | +0.0002% | 1h | 365.61 | long leg | $1.1M | $4.0M | 10x | |
| KuCoin CIENUSDTM | +0.0100% | 8h | 364.94 | −0.183% | $102K | $189K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 365.04 | −0.156% | $956 | $874K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 368.09 | +0.678% | $9K | $42K | 10x | as long as short |
Binance CIENUSDT
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Variational Omni CIEN
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:CIEN | +0.0944% | 1h | 364.97 | −0.176% | $66K | $132K | 10x | as long as short |
Paragon para:CIEN