Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.150%
Price spread now: Bitget against KuCoin+0.142%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$721as in the Funding arb table
Net, price: spread back to 7d avg − costs−$720as in the Price arb table
costs, in and out, $10k−$7367.362% of the position
Funding, last 7 days+0.153%+$15 on $10k
+Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.142%, 7d avg −0.021%
=The price spread pays, funding is against you. Bitget is 0.164% dearer against KuCoin than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of −0.021%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.153%, 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 | KuCoin CIENUSDTM | 372.09 | 0.0100 | pay 0.0100% / 8h | 4h 36m | $100K | $188K | 20x |
| Short | Bitget CIENUSDT | 372.62 | 0 | get 0.0000% / 8h | 4h 36m | $95K | $189K | 20x |
KuCoin CIENUSDTM
Bitget CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. 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: +0.142% → −0.021%
- $16.38
- Slippage, 4 orders
- −$712.2
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$740.82
- Costs to cover
- 7.362%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 43 min ago; Bitget: live order book, 13 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 KuCoin live order book, 43 min ago | 10.76 bp | 364.4 bp −$364 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 13 min ago | 11.28 bp | 47.8 bp −$48 | 76.5 bp −$765 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CIENUSDT | 0.0000% | 8h | 372.14 | +0.013% | $176K | $405K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 371.93 | −0.043% | $132K | $184K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 372.40 | +0.083% | $300K | $37K | 20x | as long as short |
| Bitget CIENUSDTshort | 0.0000% | 8h | 372.62 | +0.142% | $95K | $189K | 20x | |
| Variational Omni CIEN | +0.0007% | 8h | 372.26 | +0.045% | $49K | $55K | — | as long as short |
| QFEX CIEN-USD | +0.0080% | 1h | 372.29 | +0.054% | $1.1M | $4.2M | 10x | as long as short |
| Binance CIENUSDT | +0.0088% | 8h | 372.29 | +0.054% | $531K | $1.2M | 20x | as long as short |
| KuCoin CIENUSDTMlong | +0.0100% | 8h | 372.09 | long leg | $100K | $188K | 20x | |
| SunX CIEN-USDT | +0.0100% | 8h | 372.06 | −0.008% | $722 | $898K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 375.94 | +1.035% | $9K | $42K | 10x | as long as short |
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Variational Omni CIEN
QFEX CIEN-USD
Binance CIENUSDT
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 | +0.0135% | 1h | 371.98 | −0.030% | $69K | $114K | 10x | as long as short |
Paragon para:CIEN