Funding you earn now, next payment 08:00 UTC−0.0846%/8h= −92.6% APRnext payment −$8.46 per $10,000 · paid last 24h −0.475%
Price spread now: Bitget against Binance−0.008%7-day average +0.193% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$271as in the Price arb table
costs, in and out, $10k−$2512.508% of the position
Funding, last 4 days (all we have)−0.654%−$65 on $10k
+Price spread, last 2 days (all we have)−0.041%−$4 · spread now −0.008%, 7d avg +0.193%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Bitget is 0.201% cheaper against Binance than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.193%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CYPHUSDT | 3.4153 | 0.0846 | pay 0.0846% / 8h | 6h 27m | $218K | $2.8M | 20x |
| Short | Bitget CYPHUSDT | 3.4150 | 0 | get 0.0000% / 8h | 6h 27m | $64K | $557K | 20x |
Binance CYPHUSDT
Bitget CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$177.62
- Price spread: −0.008% → +0.193%
- −$20.07
- Slippage, 4 orders
- −$228.79
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$448.49
- Costs to cover
- 2.508%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Bitget: live order book, 38 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 Binance live order book, 9 min ago | 5.86 bp | 39.8 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 38 min ago | 7.70 bp | 115.6 bp −$116 | 154.3 bp −$1,543 | doesn't fit | doesn't fit |
CYPH on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CYPHUSDT | 0.0000% | 8h | 3.4160 | +0.022% | $30K | $244K | 25x | as long as short |
| QFEX CYPH-USD | 0.0000% | 1h | 3.4000 | −0.447% | $2.0M | $401K | 10x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4200 | +0.139% | $36K | $67K | 20x | as long as short |
| Bitget CYPHUSDTshort | 0.0000% | 8h | 3.4150 | −0.008% | $64K | $557K | 20x | |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4140 | −0.037% | — | $5.1M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4150 | −0.008% | $5K | $357K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4140 | −0.037% | $131K | $233K | 10x | as long as short |
| Binance CYPHUSDTlong | +0.0846% | 8h | 3.4153 | long leg | $218K | $2.8M | 20x | |
| Aftermath Perps CYPHUSD | +0.2027% | 1h | 3.5648 | +4.377% | $553 | $21K | 3x | as long as short |
Bybit CYPHUSDT
QFEX CYPH-USD
Gate CYPH_USDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
Aftermath Perps CYPHUSD