Funding you earn now, next payment 00:00 UTC+0.0759%/8h= +83.1% APRnext payment +$7.59 per $10,000 · paid last 24h +0.088%
Price spread now: Binance against Bybit−0.288%7-day average +0.084% · 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−$487as in the Price arb table
costs, in and out, $10k−$4504.501% of the position
Funding, last 23 hours (all we have)+0.088%+$9 on $10k
+Price spread, last 18 hours (all we have)+0.086%+$9 · spread now −0.288%, 7d avg +0.084%
=Funding pays, the price is against you. Binance is 0.372% cheaper against Bybit than usual: you would sell low and buy high (spread −0.288% now, against its 7-day average of +0.084%). If the spread goes back, that is −$37 on $10k: about 39 hours of funding at the current rate (+$23 a day). At the pace of the last 23 hours (+0.088% in total) that is about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CYPHUSDT | 3.4050 | 0 | get 0.0000% / 8h | 49m 50s | $36K | $204K | 25x |
| Short | Binance CYPHUSDT | 3.3952 | 0.0759 | get 0.0759% / 8h | 49m 50s | $210K | $3.1M | 20x |
Bybit CYPHUSDT
Binance CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $159.4
- Price spread: −0.288% → +0.084%
- −$37.19
- Slippage, 4 orders
- −$429.12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$327.91
- Costs to cover
- 4.501%
- Break-even
- 21.4 days
Slippage from Bybit: live order book, 10 min ago; Binance: live order book, 1 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 Bybit live order book, 10 min ago | 54.09 bp | 152.0 bp −$152 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 10.31 bp | 40.9 bp −$41 | 523.2 bp −$5,232 | 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 CYPHUSDTlong | 0.0000% | 8h | 3.4050 | long leg | $36K | $204K | 25x | |
| QFEX CYPH-USD | 0.0000% | 1h | 3.3900 | −0.441% | $2.0M | $432K | 10x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4010 | −0.117% | $36K | $109K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4060 | +0.029% | $52K | $595K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.3950 | −0.294% | — | $6.0M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4000 | −0.147% | $5K | $360K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.3990 | −0.176% | $125K | $259K | 10x | as long as short |
| Aftermath Perps CYPHUSD | +0.0401% | 1h | 3.4861 | +2.381% | $563 | $22K | 3x | as long as short |
| Binance CYPHUSDTshort | +0.0759% | 8h | 3.3952 | −0.288% | $210K | $3.1M | 20x |
QFEX CYPH-USD
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
Aftermath Perps CYPHUSD