Funding you earn now, next payment 01:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.010%
Price spread now: OKX against QFEX−0.011%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1611.614% of the position
Funding, last 3 days (all we have)−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.011%, 7d avg −0.036%
=The price spread pays, funding is against you. OKX is 0.025% dearer against QFEX than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.036%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 3 days (−0.014% in total) that is about 6.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX CIEN-USD | 374.38 | 0.0080 | pay 0.0010% / 1h | 53m 29s | $1.1M | $4.8M | 10x |
| Short | OKX CIEN-USDT-SWAP | 374.34 | 0 | get 0.0000% / 8h | 7h 53m | $134K | $214K | 20x |
QFEX CIEN-USD
OKX CIEN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$16.8
- Price spread: −0.011% → −0.036%
- $2.5
- Slippage, 4 orders
- −$141.43
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$175.73
- Costs to cover
- 1.614%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 10 min ago; OKX: live order book, 17 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, 10 min ago | 2.15 bp | 10.2 bp −$10 | 20.0 bp −$200 | doesn't fit | doesn't fit |
| Sell OKX live order book, 17 min ago | 5.64 bp | 62.8 bp −$63 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX CIEN-USDT-SWAPshort | 0.0000% | 8h | 374.34 | −0.011% | $134K | $214K | 20x | |
| Gate CIEN_USDT | 0.0000% | 8h | 373.00 | −0.369% | $306K | $38K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 371.81 | −0.686% | $89K | $222K | 20x | as long as short |
| QFEX CIEN-USDlong | +0.0080% | 1h | 374.38 | long leg | $1.1M | $4.8M | 10x | |
| SunX CIEN-USDT | +0.0100% | 8h | 374.30 | −0.021% | $808 | $961K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 375.71 | +0.355% | $9K | $40K | 10x | as long as short |
| Variational Omni CIEN | +0.0183% | 8h | 373.03 | −0.359% | $50K | $54K | — | as long as short |
| Bybit CIENUSDT | +0.0184% | 8h | 374.09 | −0.077% | $178K | $1.4M | 25x | as long as short |
| Binance CIENUSDT | +0.0279% | 8h | 374.49 | +0.029% | $538K | $1.2M | 20x | as long as short |
| KuCoin CIENUSDTM | +0.0493% | 8h | 373.97 | −0.110% | $100K | $146K | 20x | as long as short |
Gate CIEN_USDT
Bitget CIENUSDT
SunX CIEN-USDT
HTX CIEN-USDT
Variational Omni CIEN
Bybit CIENUSDT
Binance CIENUSDT
KuCoin CIENUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIEN | +0.2308% | 1h | 373.72 | −0.176% | $92K | $90K | 10x | as long as short |
Paragon para:CIEN