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

CYPH

RWAall CYPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.2374%/8h= −260.0% APRpaid last 24h +0.018%
Price spread now: SunX against Aftermath Perps−3.976%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 2 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$71 a day on $10k at the current rate, and SunX is 3.976% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$398 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps CYPHUSD3.56480.2374pay 0.0297% / 1h31m 17s$549$20K3x
ShortSunX CYPH-USDT3.42300get 0.0000% / 8h1h 31m$4.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

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

Profit calculator

Funding earned
−$498.57
Price spread: −3.976% → 0.000%
−$397.64
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
−$913.21
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; SunX: live order book, 7 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 Aftermath Perps no order-book sample
Sell SunX live order book, 7 min ago33.62 bp67.3 bp −$67doesn't fitdoesn't fitdoesn'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 9 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
Bitget CYPHUSDT−0.0096%8h3.4077−4.406%$43K$630K20xas long as short
QFEX CYPH-USD−0.0028%1h3.4100−4.341%$2.0M$352K10xas long as short
Gate CYPH_USDT0.0000%8h3.4110−4.313%$36K$54K20xas long as short
SunX CYPH-USDTshort0.0000%8h3.4230−3.976%$4.5M10x
HTX CYPH-USDT0.0000%8h3.4240−3.948%$7K$358K20xas long as short
Phemex CYPHUSDT0.0000%8h3.4180−4.117%$144K$237K10xas long as short
Bybit CYPHUSDT+0.0041%8h3.4180−4.117%$26K$392K25xas long as short
Binance CYPHUSDT+0.0266%8h3.4210−4.033%$248K$2.8M20xas long as short
Aftermath Perps CYPHUSDlong+0.2374%1h3.5648long leg$549$20K3x