Funding you earn now, next payment 02:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h −0.209%
Price spread now: QFEX against Bitget−0.086%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$302as in the Price arb table
costs, in and out, $10k−$2882.880% of the position
Funding, last 3 days (all we have)−0.232%−$23 on $10k
+Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.086%, 7d avg +0.057%
=Funding pays, the price is against you. QFEX is 0.143% cheaper against Bitget than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of +0.057%). If the spread goes back, that is −$14 on $10k: about 26 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.232%, 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 | 371.82 | 0 | get 0.0000% / 8h | 6h 19m | $93K | $221K | 20x |
| Short | QFEX CIEN-USD | 371.50 | 0.0018 | get 0.0002% / 1h | 19m 02s | $1.1M | $4.5M | 10x |
Bitget CIENUSDT
QFEX CIEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $3.86
- Price spread: −0.086% → +0.057%
- −$14.27
- Slippage, 4 orders
- −$266.05
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$298.46
- Costs to cover
- 2.880%
- Break-even
- 547.7 days
Slippage from Bitget: live order book, 41 min ago; QFEX: live order book, 4 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, 41 min ago | 7.24 bp | 60.0 bp −$60 | 112.1 bp −$1,121 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 77.24 bp | 89.8 bp −$90 | 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 | 371.48 | −0.091% | $175K | $726K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 371.24 | −0.156% | $133K | $222K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 371.60 | −0.059% | $304K | $37K | 20x | as long as short |
| Bitget CIENUSDTlong | 0.0000% | 8h | 371.82 | long leg | $93K | $221K | 20x | |
| QFEX CIEN-USDshort | +0.0018% | 1h | 371.50 | −0.086% | $1.1M | $4.5M | 10x | |
| Variational Omni CIEN | +0.0034% | 8h | 371.57 | −0.066% | $49K | $55K | — | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 371.37 | −0.121% | $1K | $911K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 374.49 | +0.718% | $9K | $41K | 10x | as long as short |
| Binance CIENUSDT | +0.0121% | 8h | 371.81 | −0.002% | $537K | $1.2M | 20x | as long as short |
| KuCoin CIENUSDTM | +0.0343% | 8h | 371.48 | −0.091% | $99K | $183K | 20x | as long as short |
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Variational Omni CIEN
SunX CIEN-USDT
HTX CIEN-USDT
Binance CIENUSDT
KuCoin CIENUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIEN | +0.2360% | 1h | 371.78 | −0.011% | $91K | $85K | 10x | as long as short |
Paragon para:CIEN