Funding you earn now, next payment 08:00 UTC+0.0162%/8h= +17.8% APRnext payment +$1.62 per $10,000 · paid last 24h −0.193%
Price spread now: Binance against Bitget−0.083%7-day average +0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$184as in the Price arb table
costs, in and out, $10k−$1661.658% of the position
Funding, last 7 days−0.217%−$22 on $10k
+Price spread, last 2 days (all we have)+0.188%+$19 · spread now −0.083%, 7d avg +0.094%
=Funding pays, the price is against you. Binance is 0.177% cheaper against Bitget than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of +0.094%). If the spread goes back, that is −$18 on $10k: about 3.6 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.217%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CIENUSDT | 372.39 | 0 | get 0.0000% / 8h | 6h 40m | $93K | $221K | 20x |
| Short | Binance CIENUSDT | 372.08 | 0.0162 | get 0.0162% / 8h | 6h 40m | $536K | $1.2M | 20x |
Bitget CIENUSDT
Binance CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $34.07
- Price spread: −0.083% → +0.094%
- −$17.72
- Slippage, 4 orders
- −$143.81
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$149.46
- Costs to cover
- 1.658%
- Break-even
- 37.7 days
Slippage from Bitget: live order book, 19 min ago; Binance: live order book, 7 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 Bitget live order book, 19 min ago | 7.24 bp | 60.0 bp −$60 | 112.1 bp −$1,121 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 5.36 bp | 39.6 bp −$40 | 95.7 bp −$957 | 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 | 371.89 | −0.134% | $175K | $964K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 371.83 | −0.150% | $133K | $223K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 372.20 | −0.051% | $305K | $37K | 20x | as long as short |
| Bitget CIENUSDTlong | 0.0000% | 8h | 372.39 | long leg | $93K | $221K | 20x | |
| QFEX CIEN-USD | +0.0018% | 1h | 372.45 | +0.016% | $1.1M | $4.6M | 10x | as long as short |
| Variational Omni CIEN | +0.0070% | 8h | 372.20 | −0.052% | $49K | $55K | — | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 372.20 | −0.051% | $1K | $918K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 375.90 | +0.943% | $9K | $41K | 10x | as long as short |
| Binance CIENUSDTshort | +0.0162% | 8h | 372.08 | −0.083% | $536K | $1.2M | 20x | |
| KuCoin CIENUSDTM | +0.0384% | 8h | 372.30 | −0.024% | $99K | $174K | 20x | as long as short |
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
QFEX CIEN-USD
Variational Omni CIEN
SunX CIEN-USDT
HTX CIEN-USDT
KuCoin CIENUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIEN | +0.1933% | 1h | 371.83 | −0.150% | $91K | $85K | 10x | as long as short |
Paragon para:CIEN