Settings8H · net · $10k
Funding arb · Price arb /

CYS

all CYS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0189%/8h= +20.7% APRnext payment +$0.95 per $10,000 · paid last 24h +0.008%
Price spread now: Bybit against edgeX+0.333%111s7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$350as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$3683.680% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.184%+$18 on $10k
Price spread, last 4 days (all we have)−0.461%−$46 · spread now +0.333%, 7d avg +0.034%
Together, before fees−0.277%+ Points / potential airdropedgeX: Active · farm board−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bybit is 0.299% dearer against edgeX than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.034%. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX CYSUSDC0.16150.0103pay 0.0051% / 4h2h 41m$7K$110K10x
ShortBybit CYSUSDT0.16200.0292get 0.0146% / 4h2h 41m$1.5M$1.1M13x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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
$39.77
Price spread: +0.333% → +0.034%
$29.88
Slippage, 4 orders
−$347.98
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$298.34
Costs to cover
3.680%
Break-even
59.5 days
Slippage from edgeX: live order book, 5 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 5 min ago12.42 bp85.4 bp −$85doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago6.21 bp97.7 bp −$98709.6 bp −$7,096doesn't fitdoesn't fit

CYS on 10 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
Aster CYSUSDT+0.0100%4h0.1618+0.185%$257K$88K10xas long as short
Binance CYSUSDT+0.0100%4h0.1620+0.316%$4.3M$4.8M20xas long as short
MEXC CYS_USDT+0.0100%4h0.1619+0.271%$1.5M$225K50xas long as short
KuCoin CYSUSDTM+0.0100%4h0.1616+0.085%$1.3M$148K20xas long as short
Bitget CYSUSDT+0.0100%4h0.1618+0.215%$1.7M$721K25xas long as short
Variational Omni CYS+0.0100%4h0.1613−0.087%$34K$13Kas long as short
edgeX CYSUSDClong+0.0103%4h0.1615long leg$7K$110K10x
BingX CYS-USDT+0.0200%4h0.1619+0.271%$1.3Mas long as short
Bybit CYSUSDTshort+0.0292%4h0.1620+0.333%$1.5M$1.1M13x
Gate CYS_USDT+0.0862%4h0.1620+0.333%$631K$117K20xas long as short