Funding you earn now, next payment 01:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.020%
Price spread now: QFEX against SunX−0.027%7-day average +0.060% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.095%−$9 on $10k
+Price spread, last 3 days (all we have)−0.201%−$20 · spread now −0.027%, 7d avg +0.060%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.087% cheaper against SunX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.060%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX CIEN-USDT | 372.87 | 0.0100 | pay 0.0100% / 8h | 7h 08m | $928 | $928K | 10x |
| Short | QFEX CIEN-USD | 372.77 | 0.0080 | get 0.0010% / 1h | 8m 07s | $1.1M | $4.7M | 10x |
SunX CIEN-USDT
QFEX CIEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$4.2
- Price spread: −0.027% → +0.060%
- −$8.71
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$30.91
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: SunX: live order book, 25 min ago; QFEX: live order book, 5 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, 25 min ago | 500.15 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 52.04 bp | 60.6 bp −$61 | 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 | 372.81 | −0.016% | $176K | $1.2M | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 372.70 | −0.046% | $134K | $219K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 372.40 | −0.126% | $305K | $38K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 372.91 | +0.011% | $92K | $221K | 20x | as long as short |
| QFEX CIEN-USDshort | +0.0080% | 1h | 372.77 | −0.027% | $1.1M | $4.7M | 10x | |
| SunX CIEN-USDTlong | +0.0100% | 8h | 372.87 | long leg | $928 | $928K | 10x | |
| HTX CIEN-USDT | +0.0100% | 8h | 376.61 | +1.003% | $9K | $41K | 10x | as long as short |
| Variational Omni CIEN | +0.0120% | 8h | 372.62 | −0.067% | $50K | $54K | — | as long as short |
| Binance CIENUSDT | +0.0200% | 8h | 372.92 | +0.015% | $542K | $1.2M | 20x | as long as short |
| Paragon para:CIEN | +0.0311% | 1h | 372.72 | −0.040% | $91K | $85K | 10x | as long as short |
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
HTX CIEN-USDT
Variational Omni CIEN
Binance CIENUSDT
Paragon para:CIENShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CIENUSDTM | +0.0421% | 8h | 372.97 | +0.027% | $99K | $168K | 20x | as long as short |
KuCoin CIENUSDTM