Funding you earn now, next payment 11:00 UTC−0.2351%/8h= −257.4% APRnext payment −$2.94 per $10,000 · paid last 24h −0.139%
Price spread now: QFEX against Aftermath Perps−3.778%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$71 a day on $10k at the current rate, and QFEX is 3.778% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$378 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps CYPHUSD | 3.5647 | 0.2379 | pay 0.0297% / 1h | 29m 50s | $529 | $20K | 3x |
| Short | QFEX CYPH-USD | 3.4300 | 0.0028 | get 0.0004% / 1h | 29m 50s | $2.1M | $334K | 10x |
Aftermath Perps CYPHUSD
QFEX CYPH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Aftermath Perps. 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
- −$493.7
- Price spread: −3.778% → 0.000%
- −$377.79
- Slippage, 4 orders
- no order book: not counted
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$890.5
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; QFEX: live order book, 5 min ago. Net counts fees only.
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 Aftermath Perps no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 5 min ago | 87.46 bp | 144.2 bp −$144 | 150.1 bp −$1,501 | doesn't fit | doesn't fit |
Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
CYPH on 11 exchanges
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 CYPHUSDT | 0.0000% | 8h | 3.4320 | −3.722% | $40K | $431K | 25x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4220 | −4.002% | $36K | $54K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4405 | −3.483% | $44K | $617K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4350 | −3.638% | — | $3.6M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4400 | −3.497% | $7K | $356K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4360 | −3.610% | $150K | $219K | 10x | as long as short |
| QFEX CYPH-USDshort | +0.0028% | 1h | 3.4300 | −3.778% | $2.1M | $334K | 10x | |
| Binance CYPHUSDT | +0.0307% | 8h | 3.4367 | −3.591% | $250K | $2.6M | 20x | as long as short |
| BloFin CYPH-USDT | +0.0314% | 8h | 3.4390 | −3.525% | $94K | $650 | 20x | as long as short |
| edgeX CYPHUSDC | +0.0715% | 4h | 3.4425 | −3.428% | $147 | $41K | 10x | as long as short |
Bybit CYPHUSDT
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
Binance CYPHUSDT
BloFin CYPH-USDT
edgeX CYPHUSDCShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CYPHUSDlong | +0.2379% | 1h | 3.5647 | long leg | $529 | $20K | 3x |