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Funding arb · Price arb /

CIEN

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0291%/8h= +31.9% APRnext payment +$2.91 per $10,000 · paid last 24h +0.040%
Price spread now: KuCoin against SunX−0.013%7-day average +0.028% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on SunXShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.106%−$11 on $10k
Price spread, last 3 days (all we have)−0.038%−$4 · spread now −0.013%, 7d avg +0.028%
Together, before fees−0.144%−$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.042% cheaper against SunX than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.028%). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.106%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.106% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.91 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CIEN-USDT372.440.0100pay 0.0100% / 8h6h 56m$1K$929K10x
ShortKuCoin CIENUSDTM372.390.0391get 0.0391% / 8h6h 56m$99K$171K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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
$61.11
Price spread: −0.013% → +0.028%
−$4.15
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$36.96
Costs to cover
0.200%
Break-even
2.8 days
Slippage unknown: SunX: live order book, 36 min ago; KuCoin: live order book, 48 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 SunX live order book, 36 min ago500.15 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 48 min ago7.35 bp311.1 bp −$311doesn't fitdoesn't fitdoesn't fit

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%8h372.09−0.094%$175K$1.1M25xas long as short
OKX CIEN-USDT-SWAP0.0000%8h371.87−0.153%$133K$222K20xas long as short
Gate CIEN_USDT0.0000%8h372.10−0.091%$305K$37K20xas long as short
Bitget CIENUSDT0.0000%8h372.46+0.005%$92K$221K20xas long as short
QFEX CIEN-USD+0.0018%1h372.28−0.043%$1.1M$4.7M10xas long as short
Variational Omni CIEN+0.0094%8h372.25−0.052%$49K$55K—as long as short
SunX CIEN-USDTlong+0.0100%8h372.44long leg$1K$929K10x
HTX CIEN-USDT+0.0100%8h375.37+0.787%$9K$41K10xas long as short
Binance CIENUSDT+0.0179%8h372.30−0.037%$538K$1.2M20xas long as short
KuCoin CIENUSDTMshort+0.0391%8h372.39−0.013%$99K$171K20x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paragon para:CIEN+0.0983%1h372.01−0.115%$91K$85K10xas long as short