Funding you earn now, next payment 01:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.021%
Price spread now: SunX against QFEX+0.019%7-day average −0.063% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.086%+$9 on $10k
+Price spread, last 3 days (all we have)+0.271%+$27 · spread now +0.019%, 7d avg −0.063%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SunX is 0.082% dearer against QFEX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.063%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX CIEN-USD | 374.23 | 0.0080 | pay 0.0010% / 1h | 54m 15s | $1.1M | $4.8M | 10x |
| Short | SunX CIEN-USDT | 374.30 | 0.0100 | get 0.0100% / 8h | 7h 54m | $808 | $961K | 10x |
QFEX CIEN-USD
SunX CIEN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $4.2
- Price spread: +0.019% → −0.063%
- $8.19
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$5.61
- Costs to cover
- 0.180%
- Break-even
- 16.4 days
Slippage unknown: QFEX: live order book, 9 min ago; SunX: live order book, 8 min ago. Net counts fees only.
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, 9 min ago | 2.15 bp | 10.2 bp −$10 | 20.0 bp −$200 | doesn't fit | doesn't fit |
| Sell SunX live order book, 8 min ago | 500.11 bp | doesn't fit | 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-SWAP | 0.0000% | 8h | 373.87 | −0.096% | $134K | $214K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 372.90 | −0.355% | $306K | $38K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 371.81 | −0.647% | $89K | $223K | 20x | as long as short |
| QFEX CIEN-USDlong | +0.0080% | 1h | 374.23 | long leg | $1.1M | $4.8M | 10x | |
| SunX CIEN-USDTshort | +0.0100% | 8h | 374.30 | +0.019% | $808 | $961K | 10x | |
| HTX CIEN-USDT | +0.0100% | 8h | 375.71 | +0.395% | $9K | $40K | 10x | as long as short |
| Variational Omni CIEN | +0.0183% | 8h | 373.03 | −0.319% | $50K | $54K | — | as long as short |
| Binance CIENUSDT | +0.0279% | 8h | 374.24 | +0.003% | $537K | $1.2M | 20x | as long as short |
| Bybit CIENUSDT | +0.0458% | 8h | 373.88 | −0.094% | $178K | $1.4M | 25x | as long as short |
| KuCoin CIENUSDTM | +0.0493% | 8h | 374.00 | −0.061% | $100K | $146K | 20x | as long as short |
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
HTX CIEN-USDT
Variational Omni CIEN
Binance CIENUSDT
Bybit CIENUSDT
KuCoin CIENUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIEN | +0.2658% | 1h | 373.55 | −0.182% | $92K | $90K | 10x | as long as short |
Paragon para:CIEN