Funding you earn now, next payment 00:00 UTC−0.0108%/8h= −11.9% APRpaid last 24h −0.006%
Price spread now: QFEX against Variational Omni−0.117%47s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.117% cheaper against Variational Omni than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). 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 | Variational Omni CIEN | 371.65 | 0.0169 | pay 0.0169% / 8h | 7h 58m | $50K | $54K | — |
| Short | QFEX CIEN-USD | 371.22 | 0.0060 | get 0.0008% / 1h | 58m 50s | $1.1M | $4.8M | 10x |
Variational Omni CIEN
QFEX CIEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Variational Omni. 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
- −$22.75
- Price spread: −0.117% → 0.000%
- −$11.7
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$44.45
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: no order-book sample; 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 Variational Omni no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 5 min ago | 2.15 bp | 10.1 bp −$10 | 19.9 bp −$199 | doesn't fit | doesn't fit |
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 369.94 | −0.461% | $175K | $1.5M | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 370.86 | −0.214% | $135K | $212K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 371.50 | −0.042% | $305K | $38K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 371.32 | −0.090% | $89K | $223K | 20x | as long as short |
| QFEX CIEN-USDshort | +0.0060% | 1h | 371.22 | −0.117% | $1.1M | $4.8M | 10x | |
| SunX CIEN-USDT | +0.0100% | 8h | 371.80 | +0.039% | $647 | $1.0M | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 375.16 | +0.943% | $9K | $40K | 10x | as long as short |
| Variational Omni CIENlong | +0.0169% | 8h | 371.65 | long leg | $50K | $54K | — | |
| Binance CIENUSDT | +0.0269% | 8h | 371.37 | −0.077% | $531K | $1.2M | 20x | as long as short |
| KuCoin CIENUSDTM | +0.0493% | 8h | 371.65 | −0.001% | $101K | $146K | 20x | as long as short |
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
SunX CIEN-USDT
HTX CIEN-USDT
Binance CIENUSDT
KuCoin CIENUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIEN | +0.4448% | 1h | 369.90 | −0.472% | $91K | $90K | 10x | as long as short |
Paragon para:CIEN