Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%
Price spread now: Binance against Bybit+0.112%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$267as in the Funding arb table
Net, price: spread back to 7d avg − costs−$260as in the Price arb table
costs, in and out, $10k−$2652.655% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 2 days (all we have)−0.058%−$6 · spread now +0.112%, 7d avg +0.061%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.051% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CIENUSDT | 365.94 | 0 | get 0.0000% / 8h | 3h 30m | $168K | $1.5M | 25x |
| Short | Binance CIENUSDT | 366.35 | 0 | get 0.0000% / 8h | 3h 30m | $487K | $1.2M | 20x |
Bybit CIENUSDT
Binance CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $0
- Price spread: +0.112% → +0.061%
- $5.06
- Slippage, 4 orders
- −$244.48
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$260.42
- Costs to cover
- 2.655%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 8 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 Bybit live order book, 1 min ago | 4.24 bp | 112.5 bp −$113 | 234.6 bp −$2,346 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 3.01 bp | 13.5 bp −$14 | 85.3 bp −$853 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance CIENUSDTshort | 0.0000% | 8h | 366.35 | +0.112% | $487K | $1.2M | 20x | |
| Bybit CIENUSDTlong | 0.0000% | 8h | 365.94 | long leg | $168K | $1.5M | 25x | |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 365.13 | −0.221% | $132K | $224K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 365.70 | −0.066% | $301K | $40K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 366.07 | +0.036% | $85K | $345K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 365.61 | −0.091% | $9K | $13K | — | as long as short |
| QFEX CIEN-USD | +0.0019% | 1h | 366.31 | +0.101% | $1.1M | $4.6M | 10x | as long as short |
| KuCoin CIENUSDTM | +0.0100% | 8h | 365.88 | −0.016% | $101K | $102K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 365.63 | −0.085% | $1K | $1.1M | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 369.16 | +0.880% | $9K | $40K | 10x | as long as short |
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
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:CIEN | +0.0457% | 1h | 365.63 | −0.086% | $91K | $99K | 10x | as long as short |
Paragon para:CIEN