Funding you earn now, next payment 23:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h +0.018%
Price spread now: Bybit against QFEX+0.019%7-day average −0.080% · 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−$133as in the Price arb table
costs, in and out, $10k−$1421.424% of the position
Funding, last 3 days (all we have)+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.019%, 7d avg −0.080%
=The price spread pays, funding is against you. Bybit is 0.098% dearer against QFEX than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.080%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.9 days.
| 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 | 30m 22s | $1.1M | $4.7M | 10x |
| Short | Bybit CIENUSDT | 371.21 | 0 | get 0.0000% / 8h | 1h 30m | $170K | $1.5M | 25x |
QFEX CIEN-USD
Bybit CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.019% → −0.080%
- $9.84
- Slippage, 4 orders
- −$121.36
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$141.19
- Costs to cover
- 1.424%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 3 min ago; Bybit: live order book, 1 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 Bybit live order book, 1 min ago | 11.19 bp | 29.2 bp −$29 | 178.9 bp −$1,789 | 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 CIENUSDT | 0.0000% | 8h | 371.10 | −0.010% | $493K | $1.2M | 20x | as long as short |
| Bybit CIENUSDTshort | 0.0000% | 8h | 371.21 | +0.019% | $170K | $1.5M | 25x | |
| 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 | 370.80 | −0.092% | $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 | 370.78 | −0.097% | $530 | $1.1M | 10x | as long as short |
Paragon para:CIEN
Binance 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