Funding you earn now, next payment 16:00 UTC−0.0373%/8h= −40.8% APRnext payment −$3.73 per $10,000 · paid last 24h —
Price spread now: Bybit against BloFin+0.350%112s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Bybit is 0.350% dearer against BloFin than usual: you sell high and buy low (spread +0.350% now, against zero (this spread has no 7-day history yet)): +$35 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 3.1 days. The two prices were read 112 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 | BloFin CYPH-USDT | 3.4330 | 0.0373 | pay 0.0373% / 8h | 5h 03m | $94K | $858 | 20x |
| Short | Bybit CYPHUSDT | 3.4450 | 0 | get 0.0000% / 8h | 5h 03m | $40K | $432K | 25x |
BloFin CYPH-USDT
Bybit CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$78.31
- Price spread: +0.350% → 0.000%
- $34.95
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$66.36
- Costs to cover
- 0.230%
- Break-even
- from the start
Slippage unknown: BloFin: no order-book sample; Bybit: live order book, 35 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 BloFin no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 35 min ago | 1.45 bp | 88.3 bp −$88 | doesn't fit | doesn't fit | doesn't fit |
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
CYPH on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CYPHUSDC | −0.0711% | 4h | 3.4393 | +0.185% | $302 | $45K | 10x | as long as short |
| Bybit CYPHUSDTshort | 0.0000% | 8h | 3.4450 | +0.350% | $40K | $432K | 25x | |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4240 | −0.262% | $36K | $54K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4385 | +0.160% | $45K | $605K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4440 | +0.320% | — | $3.5M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4400 | +0.204% | $6K | $351K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4440 | +0.320% | $151K | $218K | 10x | as long as short |
| QFEX CYPH-USD | +0.0028% | 1h | 3.4300 | −0.087% | $2.1M | $317K | 10x | as long as short |
| BloFin CYPH-USDTlong | +0.0373% | 8h | 3.4330 | long leg | $94K | $858 | 20x | |
| Binance CYPHUSDT | +0.0439% | 8h | 3.4440 | +0.320% | $259K | $2.6M | 20x | as long as short |
edgeX CYPHUSDC
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
QFEX CYPH-USD
Binance CYPHUSDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CYPHUSD | +0.2367% | 1h | 3.5647 | +3.838% | $557 | $20K | 3x | as long as short |
Aftermath Perps CYPHUSD