Funding you earn now, next payment 08:00 UTC+0.0229%/8h= +25.1% APRnext payment +$2.29 per $10,000 · paid last 24h −0.219%
Price spread now: OKX against Bitget−0.153%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$254as in the Funding arb table
Net, price: spread back to 7d avg − costs−$245as in the Price arb table
costs, in and out, $10k−$2282.283% of the position
Funding, last 7 days−0.257%−$26 on $10k
+Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.153%, 7d avg +0.015%
=Funding pays, the price is against you. OKX is 0.168% cheaper against Bitget than usual: you would sell low and buy high (spread −0.153% now, against its 7-day average of +0.015%). If the spread goes back, that is −$17 on $10k: about 2.5 days of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.257%, 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 | 365.86 | −0.0229 | get 0.0229% / 8h | 1h 17m | $97K | $190K | 20x |
| Short | OKX CIEN-USDT-SWAP | 365.30 | 0 | get 0.0000% / 8h | 1h 17m | $131K | $192K | 20x |
Bitget CIENUSDT
OKX CIEN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $48.09
- Price spread: −0.153% → +0.015%
- −$16.84
- Slippage, 4 orders
- −$206.34
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$197.09
- Costs to cover
- 2.283%
- Break-even
- 35.7 days
Slippage from Bitget: live order book, 17 min ago; OKX: live order book, 23 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, 17 min ago | 21.95 bp | 63.1 bp −$63 | 134.7 bp −$1,347 | doesn't fit | doesn't fit |
| Sell OKX live order book, 23 min ago | 7.55 bp | 65.7 bp −$66 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CIENUSDTlong | −0.0229% | 8h | 365.86 | long leg | $97K | $190K | 20x | |
| QFEX CIEN-USD | −0.0080% | 1h | 366.06 | +0.055% | $1.1M | $3.3M | 10x | as long as short |
| Binance CIENUSDT | 0.0000% | 8h | 365.26 | −0.164% | $505K | $1.3M | 20x | as long as short |
| Bybit CIENUSDT | 0.0000% | 8h | 365.35 | −0.139% | $174K | $185K | 25x | as long as short |
| OKX CIEN-USDT-SWAPshort | 0.0000% | 8h | 365.30 | −0.153% | $131K | $192K | 20x | |
| Gate CIEN_USDT | 0.0000% | 8h | 365.80 | −0.016% | $296K | $41K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 365.15 | −0.195% | $48K | $55K | — | as long as short |
| Paragon para:CIEN | +0.0060% | 1h | 365.68 | −0.049% | $66K | $139K | 10x | as long as short |
| KuCoin CIENUSDTM | +0.0100% | 8h | 365.01 | −0.232% | $104K | $184K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 365.59 | −0.074% | $559 | $869K | 10x | as long as short |
QFEX CIEN-USD
Binance CIENUSDT
Bybit CIENUSDT
Gate CIEN_USDT
Variational Omni CIEN
Paragon para:CIEN
KuCoin CIENUSDTM
SunX CIEN-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CIEN-USDT | +0.0100% | 8h | 368.10 | +0.612% | $9K | $42K | 10x | as long as short |
HTX CIEN-USDT