Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.070%
Price spread now: KuCoin against Gate−0.298%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$672as in the Funding arb table
Net, price: spread back to 7d avg − costs−$714as in the Price arb table
costs, in and out, $10k−$6826.825% of the position
Funding, last 7 days+0.105%+$10 on $10k
+Price spread, last 4 days (all we have)+0.227%+$23 · spread now −0.298%, 7d avg +0.018%
=Funding pays, the price is against you. KuCoin is 0.317% cheaper against Gate than usual: you would sell low and buy high (spread −0.298% now, against its 7-day average of +0.018%). If the spread goes back, that is −$32 on $10k: about 11 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.105% in total) that is about 21 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CIEN_USDT | 365.30 | 0 | get 0.0000% / 8h | 1h 39m | $295K | $41K | 20x |
| Short | KuCoin CIENUSDTM | 364.21 | 0.0100 | get 0.0100% / 8h | 1h 39m | $104K | $184K | 20x |
Gate CIEN_USDT
KuCoin CIENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. 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
- $21
- Price spread: −0.298% → +0.018%
- −$31.66
- Slippage, 4 orders
- −$655.45
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$693.12
- Costs to cover
- 6.825%
- Break-even
- 238.0 days
Slippage from Gate: live order book, 1 min ago; KuCoin: live order book, 1 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 Gate live order book, 1 min ago | 23.34 bp | 32.2 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 10.15 bp | 272.3 bp −$272 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:CIEN | −0.0490% | 1h | 364.02 | −0.350% | $66K | $135K | 10x | as long as short |
| Bitget CIENUSDT | −0.0201% | 8h | 364.90 | −0.109% | $96K | $195K | 20x | as long as short |
| QFEX CIEN-USD | −0.0080% | 1h | 363.80 | −0.411% | $1.1M | $3.5M | 10x | as long as short |
| Binance CIENUSDT | 0.0000% | 8h | 363.99 | −0.358% | $507K | $1.3M | 20x | as long as short |
| Bybit CIENUSDT | 0.0000% | 8h | 364.29 | −0.276% | $174K | $185K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 364.46 | −0.230% | $131K | $191K | 20x | as long as short |
| Gate CIEN_USDTlong | 0.0000% | 8h | 365.30 | long leg | $295K | $41K | 20x | |
| Variational Omni CIEN | 0.0000% | 8h | 365.00 | −0.082% | $48K | $55K | — | as long as short |
| KuCoin CIENUSDTMshort | +0.0100% | 8h | 364.21 | −0.298% | $104K | $184K | 20x | |
| SunX CIEN-USDT | +0.0100% | 8h | 365.46 | +0.044% | $833 | $874K | 10x | as long as short |
Paragon para:CIEN
Bitget CIENUSDT
QFEX CIEN-USD
Binance CIENUSDT
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Variational Omni CIEN
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 | 368.42 | +0.854% | $9K | $42K | 10x | as long as short |
HTX CIEN-USDT