Funding you earn now, next payment 00:00 UTC−0.0596%/8h= −65.2% APRnext payment −$5.96 per $10,000 · paid last 24h −0.113%
Price spread now: Gate against Binance−0.059%7-day average −0.142% · 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−$347as in the Price arb table
costs, in and out, $10k−$3553.553% of the position
Funding, last 4 days (all we have)−0.340%−$34 on $10k
+Price spread, last 2 days (all we have)+0.267%+$27 · spread now −0.059%, 7d avg −0.142%
=The price spread pays, funding is against you. Gate is 0.083% dearer against Binance than usual: you sell high and buy low (spread −0.059% now, against its 7-day average of −0.142%): +$8 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CYPHUSDT | 3.4030 | 0.0596 | pay 0.0596% / 8h | 1h 10m | $207K | $3.1M | 20x |
| Short | Gate CYPH_USDT | 3.4010 | 0 | get 0.0000% / 8h | 1h 10m | $36K | $110K | 20x |
Binance CYPHUSDT
Gate CYPH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$125.13
- Price spread: −0.059% → −0.142%
- $8.35
- Slippage, 4 orders
- −$330.29
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$472.07
- Costs to cover
- 3.553%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Gate: live order book, 64 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, 10 min ago | 5.93 bp | 42.1 bp −$42 | 428.6 bp −$4,286 | doesn't fit | doesn't fit |
| Sell Gate live order book, 64 min ago | 44.86 bp | 150.6 bp −$151 | doesn't fit | 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 | 3.4120 | +0.264% | $36K | $203K | 25x | as long as short |
| QFEX CYPH-USD | 0.0000% | 1h | 3.4000 | −0.088% | $2.1M | $430K | 10x | as long as short |
| Gate CYPH_USDTshort | 0.0000% | 8h | 3.4010 | −0.059% | $36K | $110K | 20x | |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.3968 | −0.182% | $51K | $577K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4080 | +0.147% | — | $6.0M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4140 | +0.323% | $5K | $359K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4040 | +0.029% | $125K | $258K | 10x | as long as short |
| Aftermath Perps CYPHUSD | +0.0064% | 1h | 3.4702 | +1.975% | $515 | $22K | 3x | as long as short |
| Binance CYPHUSDTlong | +0.0596% | 8h | 3.4030 | long leg | $207K | $3.1M | 20x |
Bybit CYPHUSDT
QFEX CYPH-USD
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
Aftermath Perps CYPHUSD