Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: OKX against SunX−0.049%47s7-day average +0.019% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now −0.049%, 7d avg +0.019%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.068% cheaper against SunX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.019%). Swap the legs. The two prices were read 47 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 | SunX CIEN-USDT | 368.10 | 0.0100 | pay 0.0100% / 8h | 3h 29m | $1K | $877K | 10x |
| Short | OKX CIEN-USDT-SWAP | 367.92 | 0 | get 0.0000% / 8h | 3h 29m | $133K | $187K | 20x |
SunX CIEN-USDT
OKX CIEN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against SunX. 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
- −$21
- Price spread: −0.049% → +0.019%
- −$6.77
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$45.77
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: SunX: live order book, 33 min ago; OKX: live order book, 20 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 SunX live order book, 33 min ago | 253.07 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 20 min ago | 6.08 bp | 58.5 bp −$58 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CIENUSDT | 0.0000% | 8h | 368.14 | +0.011% | $175K | $394K | 25x | as long as short |
| OKX CIEN-USDT-SWAPshort | 0.0000% | 8h | 367.92 | −0.049% | $133K | $187K | 20x | |
| Gate CIEN_USDT | 0.0000% | 8h | 368.00 | −0.027% | $288K | $40K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 368.26 | +0.043% | $98K | $194K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 367.84 | −0.070% | $49K | $55K | — | as long as short |
| Binance CIENUSDT | +0.0015% | 8h | 368.00 | −0.026% | $527K | $1.2M | 20x | as long as short |
| QFEX CIEN-USD | +0.0015% | 1h | 367.90 | −0.054% | $1.1M | $4.1M | 10x | as long as short |
| KuCoin CIENUSDTM | +0.0100% | 8h | 367.03 | −0.291% | $105K | $189K | 20x | as long as short |
| SunX CIEN-USDTlong | +0.0100% | 8h | 368.10 | long leg | $1K | $877K | 10x | |
| HTX CIEN-USDT | +0.0100% | 8h | 371.04 | +0.799% | $9K | $42K | 10x | as long as short |
Bybit CIENUSDT
Gate CIEN_USDT
Bitget CIENUSDT
Variational Omni CIEN
Binance CIENUSDT
QFEX CIEN-USD
KuCoin CIENUSDTM
HTX CIEN-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIEN | +0.1365% | 1h | 367.54 | −0.151% | $66K | $130K | 10x | as long as short |
Paragon para:CIEN