CIEN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	QFEXCIEN-USD	390.21	−0.0021	get 0.0003% / 1h	53m 41s	$1.1M	$2.6M	10x	Long QFEX
SHORT	MEXCCIENSTOCK_USDT	389.84	0	0.0000% / 8h	53m 41s	$1.4M	$158K	20x	Short MEXC

Price gap−0.095%

Funding gap+0.0021% /8h

Funding pays +$1 a day on $10k, but the gap is 0.137% under its 7d average: −$14 if it goes back, about 22 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$22+0.0021% /8h now · paid −0.217% over the last 7D

Price−$14spread −0.095% now, avg +0.042% → −0.137% if it goes back

Costs−$4034.033% of $10k · taker + slippage, in and out

Result−$439−4.39%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.095%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CIEN on 13 exchanges

lowest funding first

Before you open

0 ok · 4 to watch

Watch: Thin at this size194.0 / 6.5 bp
At $10k entering QFEX costs 194.0 bp, fee and slippage, 29.6× MEXC’s.
Note: Margin at max leverage$1,000 + $500
QFEX 10x, MEXC 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$0.62Long QFEX: 24 payments, +$0.62; short MEXC: 3 payments, $0.00.
Watch: Gap narrower than usual−0.095% vs +0.042%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Note: Long leg is thinner$1.1M vs $1.4M OI
Both legs are deep; QFEX is the smaller one.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCQFEX No · MEXC Yes
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0103%/8h × 21 periods−$21.70

Price spread−0.095% → +0.042% (7d avg)−$13.73

Slippage, 4 orderslive order books−$383.33

Fee QFEX bp × 2 orders−$20.00

Fee MEXC bp × 2 orders$0.00

Net · 7 days · $10k−$438.75

Costs to cover4.033%Break-evennever at this rate

Slippage: QFEX: live order book, 5 min ago; MEXC: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGQFEX177.19194.0 bp−$194doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTMEXC6.546.5 bp−$77.7 bp−$77153.6 bp−$15.4Kdoesn’t fit

Closing costs about the same again.

CIEN news

posts that mention CIEN or Ciena, from every exchangeSearch all news →

10-02 15:51	BingX	Other	$CIEN jumps 7.77% as AI networking demand fuels the rally 🚀 Bernstein initiated coverage with an Outperform rating and a $440 target, backing Ciena’s AI growth story. What’s next for $CIEN? Read the full breakdown 👇 @BingXOfficial on X ↗
09-18 12:57	Paragon	Listing	Ciena ($CIEN), IREN ($IREN) and Applied Optoelectronics ($AAOI) sit on different layers of the same AI build: line systems, cloud capacity, and optical transceivers. All three are live as perpetuals, 24/7 on Hyperliquid. Up to 10x. @tradeparagon on X ↗