Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.276%
Price spread now: Phemex against Bitget−0.313%7-day average −0.204% · 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−$291as in the Price arb table
costs, in and out, $10k−$2802.803% of the position
Funding, last 2 days (all we have)+0.276%+$28 on $10k
+Price spread, last 2 days (all we have)−0.104%−$10 · spread now −0.313%, 7d avg −0.204%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.108% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.204%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CYPHUSDT | 3.4207 | 0 | get 0.0000% / 8h | 5h 36m | $57K | $596K | 20x |
| Short | Phemex CYPHUSDT | 3.4100 | 0 | get 0.0000% / 8h | 5h 36m | $134K | $230K | 10x |
Bitget CYPHUSDT
Phemex CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.313% → −0.204%
- −$10.84
- Slippage, 4 orders
- −$256.32
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$291.17
- Costs to cover
- 2.803%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 24 min ago; Phemex: live order book, 26 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, 24 min ago | 5.96 bp | 56.8 bp −$57 | 61.5 bp −$615 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 26 min ago | 17.49 bp | 57.6 bp −$58 | 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 | 3.4380 | +0.506% | $72K | $300K | 25x | as long as short |
| QFEX CYPH-USD | 0.0000% | 1h | 3.4200 | −0.020% | $2.1M | $371K | 10x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4260 | +0.155% | $36K | $63K | 20x | as long as short |
| Bitget CYPHUSDTlong | 0.0000% | 8h | 3.4207 | long leg | $57K | $596K | 20x | |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4150 | −0.167% | — | $4.8M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4130 | −0.225% | $5K | $355K | 20x | as long as short |
| Phemex CYPHUSDTshort | 0.0000% | 8h | 3.4100 | −0.313% | $134K | $230K | 10x | |
| Binance CYPHUSDT | +0.0885% | 8h | 3.4203 | −0.010% | $230K | $2.7M | 20x | as long as short |
| Aftermath Perps CYPHUSD | +0.2232% | 1h | 3.5647 | +4.211% | $560 | $21K | 3x | as long as short |
Bybit CYPHUSDT
QFEX CYPH-USD
Gate CYPH_USDT
SunX CYPH-USDT
HTX CYPH-USDT
Binance CYPHUSDT
Aftermath Perps CYPHUSD