Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.070%
Price spread now: Bybit against KuCoin+0.082%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$957as in the Funding arb table
Net, price: spread back to 7d avg − costs−$937as in the Price arb table
costs, in and out, $10k−$9499.488% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)−0.342%−$34 · spread now +0.082%, 7d avg −0.036%
=The price spread pays, funding is against you. Bybit is 0.118% dearer against KuCoin than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of −0.036%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days. At the pace of the last 7 days (−0.078% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CIENUSDTM | 364.90 | 0.0100 | pay 0.0100% / 8h | 6h 56m | $97K | $292K | 20x |
| Short | Bybit CIENUSDT | 365.20 | 0 | get 0.0000% / 8h | 6h 56m | $173K | $188K | 25x |
KuCoin CIENUSDTM
Bybit CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.082% → −0.036%
- $11.82
- Slippage, 4 orders
- −$925.77
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$957.95
- Costs to cover
- 9.488%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 25 min ago; Bybit: live order book, 3 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, 25 min ago | 12.30 bp | 329.9 bp −$330 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.25 bp | 156.8 bp −$157 | 230.1 bp −$2,301 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CIENUSDT | −0.0293% | 8h | 364.77 | −0.036% | $104K | $242K | 20x | as long as short |
| QFEX CIEN-USD | −0.0032% | 1h | 365.88 | +0.269% | $1.1M | $3.3M | 10x | as long as short |
| Binance CIENUSDT | 0.0000% | 8h | 365.50 | +0.164% | $508K | $1.4M | 20x | as long as short |
| Bybit CIENUSDTshort | 0.0000% | 8h | 365.20 | +0.082% | $173K | $188K | 25x | |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 364.75 | −0.041% | $129K | $196K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 365.40 | +0.137% | $293K | $28K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 364.99 | +0.024% | $48K | $54K | — | as long as short |
| Paragon para:CIEN | +0.0060% | 1h | 364.69 | −0.056% | $66K | $139K | 10x | as long as short |
| KuCoin CIENUSDTMlong | +0.0100% | 8h | 364.90 | long leg | $97K | $292K | 20x | |
| SunX CIEN-USDT | +0.0100% | 8h | 364.72 | −0.049% | $1K | $831K | 10x | as long as short |
Bitget CIENUSDT
QFEX CIEN-USD
Binance CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Variational Omni CIEN
Paragon para: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 | 368.58 | +1.008% | $9K | $42K | 10x | as long as short |
HTX CIEN-USDT