Funding you earn now, next payment 05:00 UTC+0.0291%/8h= +31.8% APRnext payment +$0.36 per $10,000 · paid last 24h +0.089%
Price spread now: Paragon against QFEX+0.203%50s7-day average −0.170% · 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—prices read too far apart to compare
costs, in and out, $10k−$1941.940% of the position
Funding, last 4 days (all we have)+0.105%+$11 on $10k
+Price spread, last 4 days (all we have)−0.345%−$35 · spread now +0.203%, 7d avg −0.170%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Paragon is 0.373% dearer against QFEX than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of −0.170%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX CIEN-USD | 369.57 | 0.0015 | pay 0.0002% / 1h | 48m 42s | $1.1M | $4.1M | 10x |
| Short | Paragon para:CIEN | 370.32 | 0.0306 | get 0.0038% / 1h | 48m 42s | $69K | $114K | 10x |
QFEX CIEN-USD
Paragon para:CIENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon 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
- $61.01
- Price spread: +0.203% → −0.170%
- $37.3
- Slippage, 4 orders
- −$174.05
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$95.73
- Costs to cover
- 1.940%
- Break-even
- 18.0 days
Slippage from QFEX: live order book, 5 min ago; Paragon: live order book, 68 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, 5 min ago | 27.11 bp | 36.4 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Paragon live order book, 68 min ago | 53.08 bp | 60.7 bp −$61 | 173.0 bp −$1,730 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CIENUSDT | 0.0000% | 8h | 369.73 | +0.043% | $175K | $392K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 369.71 | +0.038% | $134K | $188K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 369.90 | +0.089% | $297K | $37K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 369.84 | +0.073% | $98K | $192K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 370.54 | +0.261% | $49K | $55K | — | as long as short |
| QFEX CIEN-USDlong | +0.0015% | 1h | 369.57 | long leg | $1.1M | $4.1M | 10x | |
| Binance CIENUSDT | +0.0049% | 8h | 369.77 | +0.055% | $527K | $1.2M | 20x | as long as short |
| KuCoin CIENUSDTM | +0.0100% | 8h | 369.78 | +0.057% | $103K | $188K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 370.61 | +0.281% | $960 | $881K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 373.82 | +1.150% | $9K | $42K | 10x | as long as short |
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
Variational Omni CIEN
Binance CIENUSDT
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:CIENshort | +0.0306% | 1h | 370.32 | +0.203% | $69K | $114K | 10x |