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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 00:00 UTC+0.0302%/8h= +33.1% APRnext payment +$3.02 per $10,000 · paid last 24h −0.225%
Price spread now: KuCoin against Bitget−0.003%7-day average +0.026% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BitgetShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.193%−$19 on $10k
Price spread, last 4 days (all we have)−0.045%−$4 · spread now −0.003%, 7d avg +0.026%
Together, before fees−0.237%−$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.029% cheaper against Bitget than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.026%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.193%, 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 -0.193% in total (about -10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.02 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
LongBitget CIENUSDT373.080get 0.0000% / 8h39m 28s$86K$261K20x
ShortKuCoin CIENUSDTM373.070.0302get 0.0302% / 8h39m 28s$102K$129K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$63.42
Price spread: −0.003% → +0.026%
−$2.87
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$36.55
Costs to cover
0.240%
Break-even
3.0 days
Slippage unknown: Bitget: live order book, 31 min ago; KuCoin: live order book, 14 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 Bitget live order book, 31 min ago3.36 bp32.3 bp −$3245.9 bp −$459doesn't fitdoesn't fit
Sell KuCoin live order book, 14 min ago9.11 bpdoesn't fitdoesn'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%8h372.83−0.067%$172K$1.5M25xas long as short
OKX CIEN-USDT-SWAP0.0000%8h373.51+0.115%$134K$215K20xas long as short
Gate CIEN_USDT0.0000%8h372.70−0.102%$306K$40K20xas long as short
Bitget CIENUSDTlong0.0000%8h373.08long leg$86K$261K20x
Variational Omni CIEN0.0000%8h373.05−0.007%$50K$54K—as long as short
Paragon para:CIEN+0.0060%1h372.14−0.253%$91K$95K10xas long as short
QFEX CIEN-USD+0.0060%1h373.07−0.003%$1.1M$4.7M10xas long as short
Binance CIENUSDT+0.0074%8h373.05−0.008%$539K$1.2M20xas long as short
SunX CIEN-USDT+0.0100%8h372.69−0.105%$1K$1.0M10xas long as short
HTX CIEN-USDT+0.0100%8h375.26+0.584%$9K$40K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin CIENUSDTMshort+0.0302%8h373.07−0.003%$102K$129K20x