Funding you earn now, next payment 08:00 UTC+0.0212%/8h= +23.2% APRnext payment +$2.12 per $10,000 · paid last 24h +0.043%
Price spread now: KuCoin against Binance+0.024%7-day average −0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$634as in the Funding arb table
Net, price: spread back to 7d avg − costs−$629as in the Price arb table
costs, in and out, $10k−$6406.402% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 2 days (all we have)−0.125%−$13 · spread now +0.024%, 7d avg −0.084%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.108% dearer against Binance than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.084%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.064% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.12 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CIENUSDT | 372.30 | 0.0179 | pay 0.0179% / 8h | 6h 56m | $538K | $1.2M | 20x |
| Short | KuCoin CIENUSDTM | 372.39 | 0.0391 | get 0.0391% / 8h | 6h 56m | $99K | $171K | 20x |
Binance CIENUSDT
KuCoin CIENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- $44.5
- Price spread: +0.024% → −0.084%
- $10.82
- Slippage, 4 orders
- −$618.16
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$584.84
- Costs to cover
- 6.402%
- Break-even
- 99.0 days
Slippage from Binance: live order book, 6 min ago; KuCoin: live order book, 47 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 Binance live order book, 6 min ago | 4.55 bp | 29.5 bp −$30 | 97.5 bp −$975 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 47 min ago | 7.35 bp | 311.1 bp −$311 | 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 | 372.09 | −0.057% | $175K | $1.1M | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 371.87 | −0.116% | $133K | $222K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 372.10 | −0.054% | $305K | $37K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 372.46 | +0.043% | $92K | $221K | 20x | as long as short |
| QFEX CIEN-USD | +0.0018% | 1h | 372.28 | −0.006% | $1.1M | $4.7M | 10x | as long as short |
| Variational Omni CIEN | +0.0094% | 8h | 372.25 | −0.014% | $49K | $55K | — | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 372.44 | +0.037% | $1K | $929K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 375.37 | +0.824% | $9K | $41K | 10x | as long as short |
| Binance CIENUSDTlong | +0.0179% | 8h | 372.30 | long leg | $538K | $1.2M | 20x | |
| KuCoin CIENUSDTMshort | +0.0391% | 8h | 372.39 | +0.024% | $99K | $171K | 20x |
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
QFEX CIEN-USD
Variational Omni CIEN
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:CIEN | +0.0983% | 1h | 372.01 | −0.078% | $91K | $85K | 10x | as long as short |
Paragon para:CIEN