Funding you earn now, next payment 08:00 UTC+0.0550%/8h= +60.2% APRnext payment +$5.50 per $10,000 · paid last 24h +0.475%
Price spread now: Binance against Bitget−0.106%7-day average +0.001% · 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−$254as in the Price arb table
costs, in and out, $10k−$2432.434% of the position
Funding, last 4 days (all we have)+0.654%+$65 on $10k
+Price spread, last 4 days (all we have)+1.191%+$119 · spread now −0.106%, 7d avg +0.001%
=Funding pays, the price is against you. Binance is 0.107% cheaper against Bitget than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of +0.001%). If the spread goes back, that is −$11 on $10k: about 16 hours of funding at the current rate (+$17 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CYPHUSDT | 3.3987 | 0 | get 0.0000% / 8h | 3h 59m | $53K | $629K | 20x |
| Short | Binance CYPHUSDT | 3.3951 | 0.0550 | get 0.0550% / 8h | 3h 59m | $244K | $2.7M | 20x |
Bitget CYPHUSDT
Binance CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $115.51
- Price spread: −0.106% → +0.001%
- −$10.67
- Slippage, 4 orders
- −$221.42
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$138.58
- Costs to cover
- 2.434%
- Break-even
- 15.4 days
Slippage from Bitget: live order book, 55 min ago; Binance: live order book, 6 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 Bitget live order book, 55 min ago | 6.28 bp | 69.3 bp −$69 | 73.7 bp −$737 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 4.42 bp | 66.6 bp −$67 | 426.5 bp −$4,265 | 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 | 3.3980 | −0.021% | $30K | $373K | 25x | as long as short |
| QFEX CYPH-USD | 0.0000% | 1h | 3.4000 | +0.038% | $2.0M | $362K | 10x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4120 | +0.391% | $35K | $61K | 20x | as long as short |
| Bitget CYPHUSDTlong | 0.0000% | 8h | 3.3987 | long leg | $53K | $629K | 20x | |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4000 | +0.038% | — | $4.7M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.3960 | −0.079% | $5K | $352K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4000 | +0.038% | $137K | $232K | 10x | as long as short |
| Binance CYPHUSDTshort | +0.0550% | 8h | 3.3951 | −0.106% | $244K | $2.7M | 20x | |
| Aftermath Perps CYPHUSD | +0.2351% | 1h | 3.5648 | +4.886% | $529 | $20K | 3x | as long as short |
Bybit CYPHUSDT
QFEX CYPH-USD
Gate CYPH_USDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
Aftermath Perps CYPHUSD