Settings8H · net · $10k
Funding arb · Price arb /

CIEN

RWAall CIEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.91 per $10,000 · paid last 24h +0.040%
Price spread now: KuCoin against HTX−0.995%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. KuCoin is 0.995% cheaper against HTX than usual: you would sell low and buy high (spread −0.995% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$99 on $10k: about 36 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX CIEN-USDT373.870.0100pay 0.0100% / 8h5h 48m$9K$41K10x
ShortKuCoin CIENUSDTM370.150.0191get 0.0191% / 8h5h 48m$100K$188K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$19.11
Price spread: −0.995% → 0.000%
−$99.5
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$104.39
Costs to cover
0.240%
Break-even
45.2 days
Slippage unknown: HTX: no order-book sample; KuCoin: live order book, 41 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX no order-book sample
Sell KuCoin live order book, 41 min ago7.67 bp262.4 bp −$262doesn't fitdoesn't fitdoesn't fit
HTX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CIENUSDT0.0000%8h370.44−0.917%$178K$500K25xas long as short
OKX CIEN-USDT-SWAP0.0000%8h369.68−1.121%$132K$185K20xas long as short
Gate CIEN_USDT0.0000%8h370.40−0.928%$303K$36K20xas long as short
Bitget CIENUSDT0.0000%8h370.57−0.883%$92K$186K20xas long as short
Variational Omni CIEN0.0000%8h370.70−0.847%$49K$55Kas long as short
QFEX CIEN-USD+0.0007%1h370.53−0.893%$1.1M$4.5M10xas long as short
Binance CIENUSDT+0.0062%8h370.64−0.864%$533K$1.2M20xas long as short
SunX CIEN-USDT+0.0100%8h370.45−0.915%$1K$896K10xas long as short
HTX CIEN-USDTlong+0.0100%8h373.87long leg$9K$41K10x
KuCoin CIENUSDTMshort+0.0191%8h370.15−0.995%$100K$188K20x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paragon para:CIEN+0.3215%1h370.87−0.802%$69K$114K10xas long as short