Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.061%
Price spread now: KuCoin against QFEX+0.464%7-day average −0.044% · 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−$650as in the Price arb table
costs, in and out, $10k−$7017.009% of the position
Funding, last 4 days (all we have)+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)−0.434%−$43 · spread now +0.464%, 7d avg −0.044%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.508% dearer against QFEX than usual: you sell high and buy low: +$51 more if the spread goes back to its 7-day average of −0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX CIEN-USD | 360.30 | 0.0033 | pay 0.0004% / 1h | 42m 24s | $1.1M | $3.3M | 10x |
| Short | KuCoin CIENUSDTM | 361.97 | 0.0100 | get 0.0100% / 8h | 7h 42m | $98K | $243K | 20x |
QFEX CIEN-USD
KuCoin CIENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $14.04
- Price spread: +0.464% → −0.044%
- $50.79
- Slippage, 4 orders
- −$678.91
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$636.07
- Costs to cover
- 7.009%
- Break-even
- 324.0 days
Slippage from QFEX: live order book, 6 min ago; KuCoin: live order book, 49 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, 6 min ago | 29.11 bp | 38.4 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 49 min ago | 10.31 bp | 269.8 bp −$270 | 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 | −0.0320% | 8h | 363.22 | +0.810% | $102K | $240K | 20x | as long as short |
| Binance CIENUSDT | 0.0000% | 8h | 362.47 | +0.601% | $502K | $1.4M | 20x | as long as short |
| Bybit CIENUSDT | 0.0000% | 8h | 362.50 | +0.611% | $173K | $189K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 361.68 | +0.383% | $129K | $195K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 362.60 | +0.638% | $293K | $40K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 362.22 | +0.532% | $48K | $55K | — | as long as short |
| QFEX CIEN-USDlong | +0.0033% | 1h | 360.30 | long leg | $1.1M | $3.3M | 10x | |
| KuCoin CIENUSDTMshort | +0.0100% | 8h | 361.97 | +0.464% | $98K | $243K | 20x | |
| SunX CIEN-USDT | +0.0100% | 8h | 362.46 | +0.600% | $1K | $868K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 366.07 | +1.601% | $9K | $42K | 10x | as long as short |
Bitget CIENUSDT
Binance CIENUSDT
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Variational Omni CIEN
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 | +0.3278% | 1h | 362.32 | +0.561% | $65K | $139K | 10x | as long as short |
Paragon para:CIEN