Funding you earn now, next payment 12:00 UTC−0.0596%/8h= −65.2% APRpaid last 24h —
Price spread now: QFEX against BloFin+0.175%7-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. QFEX is 0.175% dearer against BloFin than usual: you sell high and buy low (spread +0.175% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CYPH-USDT | 3.4240 | 0.0596 | pay 0.0596% / 8h | 4h 49m | $94K | $1K | 20x |
| Short | QFEX CYPH-USD | 3.4300 | 0 | get 0.0000% / 1h | 49m 20s | $2.1M | $318K | 10x |
BloFin CYPH-USDT
QFEX CYPH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$125.12
- Price spread: +0.175% → 0.000%
- $17.52
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$129.6
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: BloFin: no order-book sample; QFEX: live order book, 6 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 QFEX live order book, 6 min ago | 29.16 bp | 60.0 bp −$60 | 76.7 bp −$767 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CYPHUSDT | 0.0000% | 8h | 3.4160 | −0.234% | $35K | $415K | 25x | as long as short |
| QFEX CYPH-USDshort | 0.0000% | 1h | 3.4300 | +0.175% | $2.1M | $318K | 10x | |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4200 | −0.117% | $36K | $53K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4145 | −0.277% | $45K | $584K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4180 | −0.175% | — | $3.4M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4200 | −0.117% | $6K | $350K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4180 | −0.175% | $150K | $215K | 10x | as long as short |
| edgeX CYPHUSDC | +0.0267% | 4h | 3.4344 | +0.303% | $302 | $47K | 10x | as long as short |
| BloFin CYPH-USDTlong | +0.0596% | 8h | 3.4240 | long leg | $94K | $1K | 20x | |
| Binance CYPHUSDT | +0.0604% | 8h | 3.4189 | −0.148% | $260K | $2.6M | 20x | as long as short |
Bybit CYPHUSDT
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
edgeX CYPHUSDC
Binance CYPHUSDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CYPHUSD | +0.2370% | 1h | 3.5648 | +4.111% | $553 | $20K | 3x | as long as short |
Aftermath Perps CYPHUSD