Funding you earn now, next payment 00:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.049%
Price spread now: Paragon against Bybit−0.082%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.742%+$74 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Paragon is 0.082% cheaper against Bybit than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 4.6 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.742% in total) that is about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CIENUSDT | 372.33 | 0 | get 0.0000% / 8h | 13m 46s | $175K | $1.5M | 25x |
| Short | Paragon para:CIEN | 372.02 | 0.0060 | get 0.0008% / 1h | 13m 46s | $91K | $90K | 10x |
Bybit CIENUSDT
Paragon para:CIENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon 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
- $12.6
- Price spread: −0.082% → 0.000%
- −$8.19
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$16.59
- Costs to cover
- 0.210%
- Break-even
- 16.2 days
Slippage unknown: Bybit: live order book, 2 min ago; Paragon: no order-book sample. Net counts fees only.
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, 2 min ago | 1.61 bp | 114.3 bp −$114 | 215.6 bp −$2,156 | doesn't fit | doesn't fit |
| Sell Paragon no order-book sample | — | — | — | — | — |
Paragon: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 CIENUSDTlong | 0.0000% | 8h | 372.33 | long leg | $175K | $1.5M | 25x | |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 372.61 | +0.075% | $135K | $213K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 372.30 | −0.008% | $306K | $40K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 372.61 | +0.075% | $88K | $223K | 20x | as long as short |
| Paragon para:CIENshort | +0.0060% | 1h | 372.02 | −0.082% | $91K | $90K | 10x | |
| QFEX CIEN-USD | +0.0060% | 1h | 372.47 | +0.038% | $1.1M | $4.8M | 10x | as long as short |
| Variational Omni CIEN | +0.0095% | 8h | 372.64 | +0.084% | $50K | $54K | — | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 372.36 | +0.008% | $979 | $1.0M | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 376.06 | +1.002% | $9K | $40K | 10x | as long as short |
| Binance CIENUSDT | +0.0195% | 8h | 372.54 | +0.056% | $538K | $1.2M | 20x | as long as short |
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
QFEX CIEN-USD
Variational Omni CIEN
SunX CIEN-USDT
HTX CIEN-USDT
Binance CIENUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CIENUSDTM | +0.0417% | 8h | 372.71 | +0.102% | $102K | $135K | 20x | as long as short |
KuCoin CIENUSDTM