Settings8H · net · $10k
Funding arb · Price arb /

CYPH

RWAall CYPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC−0.0532%/8h= −58.3% APRnext payment $5.32 per $10,000 · paid last 24h
Price spread now: HTX against BloFin−0.029%59s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 daysno history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and HTX is 0.029% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin CYPH-USDT3.44900.0532pay 0.0532% / 8h4h 24m$95K$1K20x
ShortHTX CYPH-USDT3.44800get 0.0000% / 8h4h 24m$6K$349K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$111.81
Price spread: −0.029% → 0.000%
−$2.9
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$138.71
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: BloFin: no order-book sample; HTX: live order book, 16 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample
Sell HTX live order book, 16 min ago58.19 bpdoesn't fitdoesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX CYPHUSDC−0.0980%4h3.4398−0.268%$302$50K10xas long as short
Bybit CYPHUSDT0.0000%8h3.4430−0.174%$35K$400K25xas long as short
QFEX CYPH-USD0.0000%1h3.4300−0.551%$2.1M$316K10xas long as short
Gate CYPH_USDT0.0000%8h3.4460−0.087%$37K$53K20xas long as short
Bitget CYPHUSDT0.0000%8h3.4404−0.249%$60K$591K20xas long as short
SunX CYPH-USDT0.0000%8h3.4460−0.087%$3.2M10xas long as short
HTX CYPH-USDTshort0.0000%8h3.4480−0.029%$6K$349K20x
Phemex CYPHUSDT0.0000%8h3.4470−0.058%$152K$212K10xas long as short
Binance CYPHUSDT+0.0513%8h3.4474−0.048%$261K$2.6M20xas long as short
BloFin CYPH-USDTlong+0.0532%8h3.4490long leg$95K$1K20x
Show all 11 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps CYPHUSD+0.2374%1h3.5648+3.356%$631$20K3xas long as short