Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%
Price spread now: Binance against Gate+0.119%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$229as in the Funding arb table
Net, price: spread back to 7d avg − costs−$226as in the Price arb table
costs, in and out, $10k−$2312.305% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 2 days (all we have)−0.095%−$9 · spread now +0.119%, 7d avg +0.078%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.042% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CIEN_USDT | 369.10 | 0 | get 0.0000% / 8h | 2h 00m | $303K | $41K | 20x |
| Short | Binance CIENUSDT | 369.54 | 0 | get 0.0000% / 8h | 2h 00m | $492K | $1.2M | 20x |
Gate CIEN_USDT
Binance CIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $0
- Price spread: +0.119% → +0.078%
- $4.16
- Slippage, 4 orders
- −$205.52
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$226.36
- Costs to cover
- 2.305%
- Break-even
- never at this rate
Slippage from Gate: live order book, 19 min ago; Binance: 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 Gate live order book, 19 min ago | 25.79 bp | 90.3 bp −$90 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 3.52 bp | 29.8 bp −$30 | 137.8 bp −$1,378 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance CIENUSDTshort | 0.0000% | 8h | 369.54 | +0.119% | $492K | $1.2M | 20x | |
| Bybit CIENUSDT | 0.0000% | 8h | 369.49 | +0.106% | $169K | $1.5M | 25x | as long as short |
| OKX CIEN-USDT-SWAP | 0.0000% | 8h | 368.92 | −0.049% | $133K | $227K | 20x | as long as short |
| Gate CIEN_USDTlong | 0.0000% | 8h | 369.10 | long leg | $303K | $41K | 20x | |
| Bitget CIENUSDT | 0.0000% | 8h | 369.56 | +0.125% | $86K | $345K | 20x | as long as short |
| Variational Omni CIEN | 0.0000% | 8h | 369.18 | +0.023% | $9K | $13K | — | as long as short |
| QFEX CIEN-USD | +0.0056% | 1h | 369.67 | +0.154% | $1.1M | $4.7M | 10x | as long as short |
| Paragon para:CIEN | +0.0060% | 1h | 369.50 | +0.109% | $91K | $99K | 10x | as long as short |
| KuCoin CIENUSDTM | +0.0100% | 8h | 369.65 | +0.149% | $102K | $109K | 20x | as long as short |
| SunX CIEN-USDT | +0.0100% | 8h | 369.80 | +0.190% | $880 | $1.1M | 10x | as long as short |
Bybit CIENUSDT
OKX CIEN-USDT-SWAP
Bitget CIENUSDT
Variational Omni CIEN
QFEX CIEN-USD
Paragon para:CIEN
KuCoin CIENUSDTM
SunX CIEN-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CIEN-USDT | +0.0100% | 8h | 372.81 | +1.005% | $9K | $39K | 10x | as long as short |
HTX CIEN-USDT