Funding you earn now, next payment 16:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.52 per $10,000 · paid last 24h +0.070%
Price spread now: KuCoin against OKX−0.080%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$780as in the Funding arb table
Net, price: spread back to 7d avg − costs−$798as in the Price arb table
costs, in and out, $10k−$7907.904% of the position
Funding, last 7 days+0.105%+$10 on $10k
+Price spread, last 4 days (all we have)+0.211%+$21 · spread now −0.080%, 7d avg −0.005%
=Funding pays, the price is against you. KuCoin is 0.075% cheaper against OKX than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of −0.005%). If the spread goes back, that is −$8 on $10k: about 4.8 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CIEN-USDT-SWAP | 361.87 | 0 | get 0.0000% / 8h | 7h 19m | $128K | $196K | 20x |
| Short | KuCoin CIENUSDTM | 361.58 | 0.0052 | get 0.0052% / 8h | 7h 19m | $95K | $266K | 20x |
OKX CIEN-USDT-SWAP
KuCoin CIENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against OKX. 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
- $10.92
- Price spread: −0.080% → −0.005%
- −$7.55
- Slippage, 4 orders
- −$768.42
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$787.05
- Costs to cover
- 7.904%
- Break-even
- 511.5 days
Slippage from OKX: live order book, 10 min ago; KuCoin: live order book, 2 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 OKX live order book, 10 min ago | 12.38 bp | 74.6 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 12.30 bp | 315.0 bp −$315 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CIENUSDT | −0.0360% | 8h | 361.95 | +0.022% | $102K | $239K | 20x | as long as short |
| Binance CIENUSDT | 0.0000% | 8h | 362.58 | +0.196% | $500K | $1.4M | 20x | as long as short |
| Bybit CIENUSDT | 0.0000% | 8h | 362.30 | +0.119% | $172K | $189K | 25x | as long as short |
| OKX CIEN-USDT-SWAPlong | 0.0000% | 8h | 361.87 | long leg | $128K | $196K | 20x | |
| Gate CIEN_USDT | 0.0000% | 8h | 361.40 | −0.130% | $292K | $40K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 362.03 | +0.045% | $48K | $54K | — | as long as short |
| QFEX CIEN-USD | +0.0033% | 1h | 363.50 | +0.450% | $1.1M | $3.3M | 10x | as long as short |
| KuCoin CIENUSDTMshort | +0.0052% | 8h | 361.58 | −0.080% | $95K | $266K | 20x | |
| SunX CIEN-USDT | +0.0100% | 8h | 362.46 | +0.163% | $866 | $840K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 363.63 | +0.486% | $9K | $42K | 10x | as long as short |
Bitget CIENUSDT
Binance CIENUSDT
Bybit CIENUSDT
Gate CIEN_USDT
Variational Omni CIEN
QFEX CIEN-USD
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 | +0.1707% | 1h | 361.20 | −0.185% | $65K | $139K | 10x | as long as short |
Paragon para:CIEN