Funding you earn now, next payment 04:00 UTC−0.0697%/8h= −76.4% APRpaid last 24h −0.199%
Price spread now: QFEX against Binance0.000%7-day average −0.604% · 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−$89as in the Price arb table
costs, in and out, $10k−$1491.494% of the position
Funding, last 4 days (all we have)−0.423%−$42 on $10k
+Price spread, last 4 days (all we have)−1.745%−$174 · spread now 0.000%, 7d avg −0.604%
=The price spread pays, funding is against you. QFEX is 0.604% dearer against Binance than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.604%): +$60 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CYPHUSDT | 3.4000 | 0.0697 | pay 0.0697% / 8h | 4h 42m | $235K | $2.7M | 20x |
| Short | QFEX CYPH-USD | 3.4000 | 0 | get 0.0000% / 1h | 42m 21s | $2.0M | $365K | 10x |
Binance CYPHUSDT
QFEX CYPH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$146.43
- Price spread: 0.000% → −0.604%
- $60.4
- Slippage, 4 orders
- −$129.44
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$235.47
- Costs to cover
- 1.494%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; QFEX: live order book, 5 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, 8 min ago | 10.25 bp | 40.6 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 14.73 bp | 19.7 bp −$20 | 38.3 bp −$383 | 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 | 3.4060 | +0.176% | $73K | $306K | 25x | as long as short |
| QFEX CYPH-USDshort | 0.0000% | 1h | 3.4000 | 0.000% | $2.0M | $365K | 10x | |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4170 | +0.500% | $36K | $60K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4047 | +0.138% | $58K | $610K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4010 | +0.029% | — | $4.7M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4090 | +0.265% | $5K | $353K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4000 | 0.000% | $135K | $231K | 10x | as long as short |
| Binance CYPHUSDTlong | +0.0697% | 8h | 3.4000 | long leg | $235K | $2.7M | 20x | |
| Aftermath Perps CYPHUSD | +0.2321% | 1h | 3.5648 | +4.846% | $529 | $21K | 3x | as long as short |
Bybit CYPHUSDT
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
Aftermath Perps CYPHUSD