Funding you earn now, next payment 06:00 UTC+0.1867%/8h= +204.4% APRpaid last 24h −0.112%
Price spread now: Paragon against Bitget+0.049%7-day average −0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1471.474% of the position
Funding, last 7 days+0.493%+$49 on $10k
+Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.049%, 7d avg −0.114%
=Both sides work for this trade now. Funding pays +$56 a day on $10k at the current rate, and Paragon is 0.164% dearer against Bitget than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.114%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.493% in total (about 25.7% a year). A funding rate is set anew for every payment. 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 | Bitget CIENUSDT | 367.08 | −0.0007 | get 0.0007% / 8h | 2h 47m | $97K | $195K | 20x |
| Short | Paragon para:CIEN | 367.26 | 0.1860 | get 0.0232% / 1h | 47m 08s | $66K | $132K | 10x |
Bitget CIENUSDT
Paragon para:CIENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon 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
- $392.06
- Price spread: +0.049% → −0.114%
- $16.37
- Slippage, 4 orders
- −$125.41
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- $261.02
- Costs to cover
- 1.474%
- Break-even
- 2.3 days
Slippage from Bitget: live order book, 57 min ago; Paragon: live order book, 60 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, 57 min ago | 11.63 bp | 48.3 bp −$48 | 77.3 bp −$773 | doesn't fit | doesn't fit |
| Sell Paragon live order book, 60 min ago | 19.69 bp | 24.7 bp −$25 | 135.6 bp −$1,356 | 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 | −0.0007% | 8h | 367.08 | long leg | $97K | $195K | 20x | |
| Binance CIENUSDT | 0.0000% | 8h | 365.68 | −0.381% | $527K | $1.3M | 20x | as long as short |
| Bybit CIENUSDT | 0.0000% | 8h | 365.61 | −0.400% | $175K | $363K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 366.21 | −0.237% | $132K | $186K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 366.30 | −0.212% | $287K | $40K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 365.96 | −0.306% | $48K | $55K | — | as long as short |
| QFEX CIEN-USD | +0.0002% | 1h | 366.12 | −0.262% | $1.1M | $3.9M | 10x | as long as short |
| KuCoin CIENUSDTM | +0.0100% | 8h | 365.29 | −0.488% | $102K | $189K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 366.31 | −0.210% | $1K | $874K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 369.71 | +0.716% | $9K | $42K | 10x | as long as short |
Binance CIENUSDT
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Variational Omni CIEN
QFEX CIEN-USD
KuCoin CIENUSDTM
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:CIENshort | +0.1860% | 1h | 367.26 | +0.049% | $66K | $132K | 10x |