Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3.4620 | +0.0050 | pay 0.0050% / 8h | 7h 06m | $978K | $1.3M | — | Long BingX | |
| SHORT | 3.4589 | +0.0019 | get 0.0009% / 4h | 3h 06m | $8K | $239K | 10x | Short edgeX |
Price gap−0.089%78s
Funding gap−0.0031% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.090% under its 7d average. Swap the legs.
The two prices were read 78 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$15−0.0031% /8h now · paid −0.146% over the last 7D
Price—spread −0.089%78s now · prices read too far apart to compare
Costs−$1611.612% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Entry / ExitBingX: thin, under $1M open interest · edgeX: thin, under $1M open interest
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.089%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hCYPH on 14 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size55.2 / 29.7 bpAt $10k entering BingX costs 55.2 bp, fee and slippage, 1.9× edgeX’s.
- Note: Margin at max leverage— + $1,000BingX —, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.94Long BingX: 3 payments, −$1.50; short edgeX: 6 payments, +$0.56.
- Watch: Prices read 78 s apart−0.089% vs +0.001%Part of this gap may be the market moving.
- Watch: Short leg is thinner$8K vs $978K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · edgeX NoAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0070%/8h × 21 periods−$14.65
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$142.24
Fee BingX bp × 2 orders−$10.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$175.89
price spread not counted: prices read too far apartCosts to cover1.612%Break-evennever at this rate
Slippage: BingX: live order book, 2 min ago; edgeX: live order book, 30 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX18.7455.2 bp−$55117.5 bp−$1,175491.7 bp−$49.2K915.4 bp−$457.7K
SELL · SHORTedgeX8.7229.7 bp−$30doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-23 09:29 | OKX | Listing | new market CYPH-USDT-SWAP ($CYPH) seen by our collector |
| 09-23 09:00 | KuCoin | Listing | new market CYPHUSDTM ($CYPH) seen by our collector |
| 09-22 13:38 | Phemex | Listing | Seven new US stock perpetuals. 10x leverage. One important catch: they launched before Monday’s cash session. $AGPU, $AMC, $ANET, $APLD, $CYPH, $HUT and $PATH are now live on Phemex. No expiry. USDT margin. Funding every 8 hours. Trade the names. Respect the first prints. 👇🏻 @Phemex_official on X ↗ |
| 09-22 10:08 | BloFin | Listing | new market CYPH-USDT ($CYPH) seen by our collector |
| 09-22 09:54 | BloFin | Listing | BloFin Futures will list the $PATH-USDT & $CYPH-USDT Perpetual Contracts 🔥 Trade and take advantage of: ✅ 0% Maker Fees ✅ 50% off Taker Fees @BloFin_Official on X ↗ |
| 09-22 06:52 | edgeX | Listing | new market CYPHUSDC ($CYPH) seen by our collector |
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