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

CYPH

RWAall CYPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.2205%/8h= +241.4% APRpaid last 24h −0.263%
Price spread now: Aftermath Perps against Binance+6.009%7-day average · you sell dearer than you buy
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 3 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 for this trade now. Funding pays +$66 a day on $10k at the current rate, and Aftermath Perps is 6.009% dearer against Binance than usual: you sell high and buy low: +$601 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance CYPHUSDT3.36270.0148pay 0.0148% / 8h2h 55m$240K$2.8M20x
ShortAftermath Perps CYPHUSD3.56470.2353get 0.0294% / 1h55m 43s$554$20K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Binance. 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
$463
Price spread: +6.009% → 0.000%
$600.89
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$1,044.88
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: Binance: live order book, 10 min ago; Aftermath Perps: no order-book sample. 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 Binance live order book, 10 min ago5.93 bp50.4 bp −$50doesn't fitdoesn't fitdoesn't fit
Sell Aftermath Perps no order-book sample
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−0.0078%8h3.3701+0.220%$48K$625K20xas long as short
Bybit CYPHUSDT0.0000%8h3.3640+0.039%$29K$383K25xas long as short
QFEX CYPH-USD0.0000%1h3.3500−0.377%$2.0M$334K10xas long as short
Gate CYPH_USDT0.0000%8h3.3940+0.931%$35K$55K20xas long as short
SunX CYPH-USDT0.0000%8h3.3620−0.021%$4.6M10xas long as short
HTX CYPH-USDT0.0000%8h3.3680+0.158%$8K$357K20xas long as short
Phemex CYPHUSDT0.0000%8h3.3640+0.039%$138K$234K10xas long as short
Binance CYPHUSDTlong+0.0148%8h3.3627long leg$240K$2.8M20x
Aftermath Perps CYPHUSDshort+0.2353%1h3.5647+6.009%$554$20K3x