Funding you earn now, next payment 16:00 UTC−0.0691%/8h= −75.7% APRnext payment −$6.91 per $10,000 · paid last 24h −0.174%
Price spread now: Bybit against Binance+0.452%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$279as in the Price arb table
costs, in and out, $10k−$3253.251% of the position
Funding, last 1 day (all we have)−0.174%−$17 on $10k
+Price spread, last 1 day (all we have)−0.813%−$81 · spread now +0.452%, 7d avg −0.007%
=The price spread pays, funding is against you. Bybit is 0.458% dearer against Binance than usual: you sell high and buy low (spread +0.452% now, against its 7-day average of −0.007%): +$46 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 2.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CYPHUSDT | 3.4564 | 0.0691 | pay 0.0691% / 8h | 7h 58m | $254K | $2.8M | 20x |
| Short | Bybit CYPHUSDT | 3.4720 | 0 | get 0.0000% / 8h | 7h 58m | $32K | $406K | 25x |
Binance CYPHUSDT
Bybit CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$145.09
- Price spread: +0.452% → −0.007%
- $45.82
- Slippage, 4 orders
- −$304.11
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$424.39
- Costs to cover
- 3.251%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 21 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, 6 min ago | 5.81 bp | 39.6 bp −$40 | 388.6 bp −$3,886 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 21 min ago | 18.90 bp | 132.6 bp −$133 | doesn't fit | doesn't fit | doesn't fit |
CYPH on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CYPHUSDC | −0.0732% | 4h | 3.4422 | −0.411% | — | $21K | 10x | as long as short |
| Bybit CYPHUSDTshort | 0.0000% | 8h | 3.4720 | +0.452% | $32K | $406K | 25x | |
| QFEX CYPH-USD | 0.0000% | 1h | 3.4700 | +0.394% | $2.1M | $326K | 10x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4480 | −0.243% | $39K | $55K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4399 | −0.477% | $45K | $622K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4490 | −0.214% | — | $4.2M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4390 | −0.503% | $8K | $358K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4500 | −0.185% | $148K | $233K | 10x | as long as short |
| Binance CYPHUSDTlong | +0.0691% | 8h | 3.4564 | long leg | $254K | $2.8M | 20x | |
| Aftermath Perps CYPHUSD | +0.2375% | 1h | 3.5642 | +3.118% | $529 | $20K | 3x | as long as short |
edgeX CYPHUSDC
QFEX CYPH-USD
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
Aftermath Perps CYPHUSD