Funding you earn now, next payment 16:00 UTC+0.0104%/8h= +11.4% APRnext payment +$1.04 per $10,000 · paid last 24h −0.183%
Price spread now: Bybit against Bitget−0.108%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$388as in the Funding arb table
Net, price: spread back to 7d avg − costs−$377as in the Price arb table
costs, in and out, $10k−$3693.686% of the position
Funding, last 7 days−0.194%−$19 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.108%, 7d avg −0.026%
=Funding pays, the price is against you. Bybit is 0.083% cheaper against Bitget than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of −0.026%). If the spread goes back, that is −$8 on $10k: about 2.7 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.194%, 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 | 368.67 | −0.0104 | get 0.0104% / 8h | 5h 51m | $105K | $199K | 20x |
| Short | Bybit CIENUSDT | 368.27 | 0 | get 0.0000% / 8h | 5h 51m | $174K | $175K | 25x |
Bitget CIENUSDT
Bybit CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $21.84
- Price spread: −0.108% → −0.026%
- −$8.29
- Slippage, 4 orders
- −$345.63
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$355.08
- Costs to cover
- 3.686%
- Break-even
- 120.8 days
Slippage from Bitget: live order book, 54 min ago; Bybit: live order book, 54 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, 54 min ago | 8.36 bp | 47.2 bp −$47 | 96.8 bp −$968 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 54 min ago | 15.65 bp | 106.4 bp −$106 | 234.4 bp −$2,344 | doesn't fit | doesn't fit |
CIEN on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CIENUSDTlong | −0.0104% | 8h | 368.67 | long leg | $105K | $199K | 20x | |
| QFEX CIEN-USD | −0.0080% | 1h | 368.37 | −0.081% | $1.1M | $3.3M | 10x | as long as short |
| Binance CIENUSDT | 0.0000% | 8h | 368.67 | −0.001% | $534K | $1.3M | 20x | as long as short |
| Bybit CIENUSDTshort | 0.0000% | 8h | 368.27 | −0.108% | $174K | $175K | 25x | |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 368.27 | −0.108% | $130K | $164K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 368.40 | −0.073% | $295K | $26K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 367.78 | −0.241% | $49K | $52K | — | as long as short |
| Paragon para:CIEN | +0.0060% | 1h | 368.24 | −0.116% | $65K | $95K | 10x | as long as short |
| KuCoin CIENUSDTM | +0.0100% | 8h | 368.57 | −0.027% | $97K | $356K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 367.80 | −0.236% | $1K | $752K | 10x | as long as short |
QFEX CIEN-USD
Binance CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Variational Omni CIEN
Paragon para:CIEN
KuCoin CIENUSDTM
SunX CIEN-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CIEN-USDT | +0.0100% | 8h | 371.31 | +0.716% | $9K | $43K | 10x | as long as short |
HTX CIEN-USDT