Funding you earn now, next payment 08:00 UTC−0.0140%/8h= −15.3% APRnext payment −$1.40 per $10,000 · paid last 24h +0.219%
Price spread now: Bitget against Bybit+0.537%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$334as in the Funding arb table
Net, price: spread back to 7d avg − costs−$306as in the Price arb table
costs, in and out, $10k−$3573.572% of the position
Funding, last 7 days+0.231%+$23 on $10k
+Price spread, last 4 days (all we have)−0.479%−$48 · spread now +0.537%, 7d avg +0.027%
=The price spread pays, funding is against you. Bitget is 0.510% dearer against Bybit than usual: you sell high and buy low (spread +0.537% now, against its 7-day average of +0.027%): +$51 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 7 days funding on this pair paid +0.231%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CIENUSDT | 365.02 | 0 | get 0.0000% / 8h | 1h 46m | $174K | $185K | 25x |
| Short | Bitget CIENUSDT | 366.98 | −0.0140 | pay 0.0140% / 8h | 1h 46m | $97K | $195K | 20x |
Bybit CIENUSDT
Bitget CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$29.4
- Price spread: +0.537% → +0.027%
- $50.99
- Slippage, 4 orders
- −$334.21
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$335.62
- Costs to cover
- 3.572%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 29 min ago; Bitget: live order book, 53 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, 29 min ago | 15.58 bp | 61.3 bp −$61 | 207.9 bp −$2,079 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 53 min ago | 16.74 bp | 30.0 bp −$30 | 54.7 bp −$547 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIEN | −0.0479% | 1h | 364.95 | −0.020% | $66K | $132K | 10x | as long as short |
| Bitget CIENUSDTshort | −0.0140% | 8h | 366.98 | +0.537% | $97K | $195K | 20x | |
| QFEX CIEN-USD | −0.0080% | 1h | 364.79 | −0.063% | $1.1M | $3.6M | 10x | as long as short |
| Binance CIENUSDT | 0.0000% | 8h | 365.23 | +0.058% | $508K | $1.3M | 20x | as long as short |
| Bybit CIENUSDTlong | 0.0000% | 8h | 365.02 | long leg | $174K | $185K | 25x | |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 365.04 | +0.005% | $131K | $191K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 365.80 | +0.214% | $296K | $41K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 365.59 | +0.156% | $48K | $55K | — | as long as short |
| KuCoin CIENUSDTM | +0.0100% | 8h | 364.91 | −0.030% | $104K | $184K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 365.92 | +0.247% | $684 | $875K | 10x | as long as short |
Paragon para:CIEN
QFEX CIEN-USD
Binance CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Variational Omni 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 | 369.27 | +1.164% | $9K | $42K | 10x | as long as short |
HTX CIEN-USDT