Funding you earn now, next payment 10:00 UTC+0.0132%/8h= +14.4% APRpaid last 24h +0.062%
Price spread now: KuCoin against QFEX−0.516%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$731as in the Price arb table
costs, in and out, $10k−$6846.843% of the position
Funding, last 4 days (all we have)+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)+0.482%+$48 · spread now −0.516%, 7d avg −0.044%
=Funding pays, the price is against you. KuCoin is 0.472% cheaper against QFEX than usual: you would sell low and buy high (spread −0.516% now, against its 7-day average of −0.044%). If the spread goes back, that is −$47 on $10k: about 12 days of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.011% in total) that is about 5 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX CIEN-USD | 368.45 | −0.0032 | get 0.0004% / 1h | 59m 18s | $1.1M | $3.3M | 10x |
| Short | KuCoin CIENUSDTM | 366.55 | 0.0100 | get 0.0100% / 8h | 5h 59m | $97K | $353K | 20x |
QFEX CIEN-USD
KuCoin CIENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against QFEX. 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
- $27.64
- Price spread: −0.516% → −0.044%
- −$47.15
- Slippage, 4 orders
- −$662.33
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$703.84
- Costs to cover
- 6.843%
- Break-even
- 185.3 days
Slippage from QFEX: live order book, 7 min ago; KuCoin: live order book, 44 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 QFEX live order book, 7 min ago | 2.19 bp | 22.0 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 44 min ago | 7.00 bp | 305.8 bp −$306 | doesn't fit | doesn't fit | doesn't fit |
CIEN on 11 exchanges
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 | −0.0123% | 8h | 366.73 | −0.467% | $104K | $202K | 20x | as long as short |
| QFEX CIEN-USDlong | −0.0032% | 1h | 368.45 | long leg | $1.1M | $3.3M | 10x | |
| Binance CIENUSDT | 0.0000% | 8h | 367.51 | −0.254% | $525K | $1.3M | 20x | as long as short |
| Bybit CIENUSDT | 0.0000% | 8h | 367.18 | −0.345% | $174K | $178K | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 367.24 | −0.328% | $130K | $165K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 367.10 | −0.366% | $294K | $26K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 367.13 | −0.357% | $49K | $52K | — | as long as short |
| Paragon para:CIEN | +0.0060% | 1h | 366.55 | −0.516% | $65K | $95K | 10x | as long as short |
| KuCoin CIENUSDTMshort | +0.0100% | 8h | 366.55 | −0.516% | $97K | $353K | 20x | |
| SunX CIEN-USDT | +0.0100% | 8h | 367.06 | −0.377% | $1K | $778K | 10x | as long as short |
Bitget CIENUSDT
Binance CIENUSDT
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Variational Omni CIEN
Paragon para:CIEN
SunX CIEN-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CIEN-USDT | +0.0100% | 8h | 370.73 | +0.619% | $10K | $43K | 10x | as long as short |
HTX CIEN-USDT