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: BloFin against Bybit−0.348%112s7-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
Funding pays, the price is against you. BloFin is 0.348% cheaper against Bybit than usual: you would sell low and buy high (spread −0.348% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 3.1 days of funding at the current rate (+$11 a day). 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 | Bybit CYPHUSDT | 3.4450 | 0 | get 0.0000% / 8h | 5h 03m | $40K | $432K | 25x |
| Short | BloFin CYPH-USDT | 3.4330 | 0.0373 | get 0.0373% / 8h | 5h 03m | $94K | $858 | 20x |
Bybit CYPHUSDT
BloFin CYPH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $78.31
- Price spread: −0.348% → 0.000%
- −$34.83
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $20.48
- Costs to cover
- 0.230%
- Break-even
- 5.2 days
Slippage unknown: Bybit: live order book, 35 min ago; BloFin: no order-book sample. 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 Bybit live order book, 35 min ago | 1.45 bp | 98.5 bp −$99 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
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 | −0.164% | $302 | $45K | 10x | as long as short |
| Bybit CYPHUSDTlong | 0.0000% | 8h | 3.4450 | long leg | $40K | $432K | 25x | |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4240 | −0.610% | $36K | $54K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4385 | −0.189% | $45K | $605K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4440 | −0.029% | — | $3.5M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4400 | −0.145% | $6K | $351K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4440 | −0.029% | $151K | $218K | 10x | as long as short |
| QFEX CYPH-USD | +0.0028% | 1h | 3.4300 | −0.435% | $2.1M | $317K | 10x | as long as short |
| BloFin CYPH-USDTshort | +0.0373% | 8h | 3.4330 | −0.348% | $94K | $858 | 20x | |
| Binance CYPHUSDT | +0.0439% | 8h | 3.4440 | −0.029% | $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 | +3.476% | $557 | $20K | 3x | as long as short |
Aftermath Perps CYPHUSD