Funding you earn now, next payment 08:00 UTC+0.0465%/8h= +50.9% APRnext payment +$4.65 per $10,000 · paid last 24h +0.070%
Price spread now: KuCoin against Bybit+0.040%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$804as in the Funding arb table
Net, price: spread back to 7d avg − costs−$812as in the Price arb table
costs, in and out, $10k−$8118.114% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.040%, 7d avg +0.051%
=The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.65 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CIENUSDT | 372.89 | 0 | get 0.0000% / 8h | 7h 23m | $176K | $1.3M | 25x |
| Short | KuCoin CIENUSDTM | 373.04 | 0.0465 | get 0.0465% / 8h | 7h 23m | $101K | $159K | 20x |
Bybit CIENUSDT
KuCoin CIENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bybit. 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
- $97.65
- Price spread: +0.040% → +0.051%
- −$1.07
- Slippage, 4 orders
- −$788.37
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$714.78
- Costs to cover
- 8.114%
- Break-even
- 58.2 days
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 20 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 Bybit live order book, 2 min ago | 3.22 bp | 125.4 bp −$125 | 228.6 bp −$2,286 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 20 min ago | 7.35 bp | 311.1 bp −$311 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CIENUSDTlong | 0.0000% | 8h | 372.89 | long leg | $176K | $1.3M | 25x | |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 372.65 | −0.064% | $133K | $218K | 20x | as long as short |
| Gate CIEN_USDT | 0.0000% | 8h | 372.50 | −0.105% | $305K | $38K | 20x | as long as short |
| Bitget CIENUSDT | 0.0000% | 8h | 373.08 | +0.051% | $92K | $220K | 20x | as long as short |
| QFEX CIEN-USD | +0.0080% | 1h | 373.04 | +0.040% | $1.1M | $4.7M | 10x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 372.78 | −0.029% | $1K | $932K | 10x | as long as short |
| HTX CIEN-USDT | +0.0100% | 8h | 375.20 | +0.619% | $9K | $41K | 10x | as long as short |
| Variational Omni CIEN | +0.0146% | 8h | 373.52 | +0.170% | $50K | $54K | — | as long as short |
| Binance CIENUSDT | +0.0233% | 8h | 372.92 | +0.007% | $542K | $1.2M | 20x | as long as short |
| Paragon para:CIEN | +0.0339% | 1h | 372.93 | +0.011% | $92K | $87K | 10x | as long as short |
OKX CIEN-USDT-SWAP
Gate CIEN_USDT
Bitget CIENUSDT
QFEX CIEN-USD
SunX CIEN-USDT
HTX CIEN-USDT
Variational Omni CIEN
Binance CIENUSDT
Paragon para:CIENShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CIENUSDTMshort | +0.0465% | 8h | 373.04 | +0.040% | $101K | $159K | 20x |