Funding you earn now, next payment 09:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.008%
Price spread now: Gate against QFEX+0.447%7-day average −0.060% · 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−$106as in the Price arb table
costs, in and out, $10k−$1571.568% of the position
Funding, last 4 days (all we have)−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)−0.337%−$34 · spread now +0.447%, 7d avg −0.060%
=The price spread pays, funding is against you. Gate is 0.507% dearer against QFEX than usual: you sell high and buy low (spread +0.447% now, against its 7-day average of −0.060%): +$51 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 51 days. At the pace of the last 4 days (−0.016% in total) that is about 4 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX CIEN-USD | 362.28 | 0.0033 | pay 0.0004% / 1h | 12m 23s | $1.1M | $3.3M | 10x |
| Short | Gate CIEN_USDT | 363.90 | 0 | get 0.0000% / 8h | 7h 12m | $293K | $41K | 20x |
QFEX CIEN-USD
Gate CIEN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$6.96
- Price spread: +0.447% → −0.060%
- $50.71
- Slippage, 4 orders
- −$131.82
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$113.07
- Costs to cover
- 1.568%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 11 min ago; Gate: live order book, 18 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, 11 min ago | 28.20 bp | 37.9 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 18 min ago | 26.44 bp | 44.1 bp −$44 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CIENUSDT | −0.0336% | 8h | 364.11 | +0.505% | $103K | $239K | 20x | as long as short |
| Binance CIENUSDT | 0.0000% | 8h | 364.28 | +0.553% | $502K | $1.4M | 20x | as long as short |
| Bybit CIENUSDT | 0.0000% | 8h | 363.92 | +0.453% | $173K | $189K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 363.35 | +0.295% | $129K | $198K | 20x | as long as short |
| Gate CIEN_USDTshort | 0.0000% | 8h | 363.90 | +0.447% | $293K | $41K | 20x | |
| Variational Omni CIEN | 0.0000% | 8h | 362.89 | +0.169% | $48K | $54K | — | as long as short |
| QFEX CIEN-USDlong | +0.0033% | 1h | 362.28 | long leg | $1.1M | $3.3M | 10x | |
| KuCoin CIENUSDTM | +0.0073% | 8h | 364.46 | +0.602% | $96K | $275K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 364.02 | +0.480% | $1K | $834K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 367.34 | +1.397% | $9K | $42K | 10x | as long as short |
Bitget CIENUSDT
Binance CIENUSDT
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
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 | +0.1408% | 1h | 364.45 | +0.599% | $66K | $139K | 10x | as long as short |
Paragon para:CIEN