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

CYPH

RWAall CYPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.047%
Price spread now: HTX against Bybit−0.116%7-day average +0.129% · 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 1 day (all we have)−0.047%−$5 on $10k
Price spread, last 1 day (all we have)+0.520%+$52 · spread now −0.116%, 7d avg +0.129%
Together, before fees+0.473%+$47 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.245% cheaper against Bybit than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.129%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit CYPHUSDT3.43600get 0.0000% / 8h7h 43m$32K$407K25x
ShortHTX CYPH-USDT3.43200get 0.0000% / 8h7h 43m$8K$358K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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
$0
Price spread: −0.116% → +0.129%
−$24.53
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee HTX: 6 bp × 2 orders
−$12
Net
−$47.53
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 37 min ago; HTX: live order book, 55 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 Bybit live order book, 37 min ago18.90 bp105.3 bp −$105doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 55 min ago59.12 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

CYPH on 10 venues

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−0.0117%4h3.4319−0.120%$24K10xas long as short
Bybit CYPHUSDTlong0.0000%8h3.4360long leg$32K$407K25x
Gate CYPH_USDT0.0000%8h3.4330−0.087%$36K$56K20xas long as short
Bitget CYPHUSDT0.0000%8h3.4352−0.023%$46K$625K20xas long as short
SunX CYPH-USDT0.0000%8h3.4340−0.058%$4.1M10xas long as short
HTX CYPH-USDTshort0.0000%8h3.4320−0.116%$8K$358K20x
Phemex CYPHUSDT0.0000%8h3.4280−0.233%$147K$231K10xas long as short
QFEX CYPH-USD+0.0001%1h3.3700−1.921%$2.0M$327K10xas long as short
Binance CYPHUSDT+0.0652%8h3.4270−0.262%$246K$2.7M20xas long as short
Aftermath Perps CYPHUSD+0.2364%1h3.5645+3.739%$550$20K3xas long as short