Funding you earn now, next payment 16:00 UTC−0.0548%/8h= −60.0% APRnext payment −$5.48 per $10,000 · paid last 24h —
Price spread now: Phemex against BloFin−0.232%7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Phemex is 0.232% cheaper against BloFin than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CYPH-USDT | 3.4490 | 0.0548 | pay 0.0548% / 8h | 4h 26m | $95K | $1K | 20x |
| Short | Phemex CYPHUSDT | 3.4410 | 0 | get 0.0000% / 8h | 4h 26m | $152K | $211K | 10x |
BloFin CYPH-USDT
Phemex CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$115.09
- Price spread: −0.232% → 0.000%
- −$23.2
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$162.28
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: BloFin: no order-book sample; Phemex: live order book, 14 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 Phemex live order book, 14 min ago | 10.20 bp | 43.6 bp −$44 | 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 | −0.0214% | 4h | 3.4415 | −0.218% | $303 | $50K | 10x | as long as short |
| Bybit CYPHUSDT | 0.0000% | 8h | 3.4430 | −0.174% | $35K | $400K | 25x | as long as short |
| QFEX CYPH-USD | 0.0000% | 1h | 3.4300 | −0.551% | $2.1M | $316K | 10x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4410 | −0.232% | $37K | $53K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4310 | −0.522% | $45K | $576K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4390 | −0.290% | — | $3.2M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4330 | −0.464% | $6K | $349K | 20x | as long as short |
| Phemex CYPHUSDTshort | 0.0000% | 8h | 3.4410 | −0.232% | $152K | $211K | 10x | |
| Binance CYPHUSDT | +0.0518% | 8h | 3.4406 | −0.242% | $260K | $2.6M | 20x | as long as short |
| BloFin CYPH-USDTlong | +0.0548% | 8h | 3.4490 | long leg | $95K | $1K | 20x |
edgeX CYPHUSDC
Bybit CYPHUSDT
QFEX CYPH-USD
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Binance CYPHUSDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CYPHUSD | +0.2373% | 1h | 3.5648 | +3.356% | $620 | $20K | 3x | as long as short |
Aftermath Perps CYPHUSD