Funding you earn now, next payment 16:00 UTC−0.0634%/8h= −69.4% APRnext payment −$6.34 per $10,000 · paid last 24h −0.155%
Price spread now: SunX against Binance−0.019%56s7-day average +0.044% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 2 days (all we have)−0.268%−$27 on $10k
+Price spread, last 2 days (all we have)+0.487%+$49 · spread now −0.019%, 7d avg +0.044%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and SunX is 0.063% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.044%). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CYPHUSDT | 3.4276 | 0.0634 | pay 0.0634% / 8h | 7h 38m | $247K | $2.7M | 20x |
| Short | SunX CYPH-USDT | 3.4270 | 0 | get 0.0000% / 8h | 7h 38m | — | $4.1M | 10x |
Binance CYPHUSDT
SunX CYPH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$133.05
- Price spread: −0.019% → +0.044%
- −$6.28
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$157.32
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 12 min ago; SunX: live order book, 10 min ago. Net counts fees only.
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, 12 min ago | 8.74 bp | 72.4 bp −$72 | 626.9 bp −$6,269 | doesn't fit | doesn't fit |
| Sell SunX live order book, 10 min ago | 30.58 bp | 62.4 bp −$62 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CYPHUSDT | 0.0000% | 8h | 3.4300 | +0.069% | $32K | $407K | 25x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4330 | +0.156% | $36K | $56K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4331 | +0.159% | $46K | $625K | 20x | as long as short |
| SunX CYPH-USDTshort | 0.0000% | 8h | 3.4270 | −0.019% | — | $4.1M | 10x | |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4290 | +0.040% | $8K | $358K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4310 | +0.098% | $148K | $231K | 10x | as long as short |
| QFEX CYPH-USD | +0.0001% | 1h | 3.3900 | −1.098% | $2.0M | $332K | 10x | as long as short |
| edgeX CYPHUSDC | +0.0626% | 4h | 3.4264 | −0.036% | — | $24K | 10x | as long as short |
| Binance CYPHUSDTlong | +0.0634% | 8h | 3.4276 | long leg | $247K | $2.7M | 20x | |
| Aftermath Perps CYPHUSD | +0.2365% | 1h | 3.5647 | +4.000% | $529 | $20K | 3x | as long as short |
Bybit CYPHUSDT
Gate CYPH_USDT
Bitget CYPHUSDT
HTX CYPH-USDT
Phemex CYPHUSDT
QFEX CYPH-USD
edgeX CYPHUSDC
Aftermath Perps CYPHUSD