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: Phemex against Bybit+0.059%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$338as in the Price arb table
costs, in and out, $10k−$3373.370% of the position
Funding, last 1 day (all we have)−0.047%−$5 on $10k
+Price spread, last 1 day (all we have)+0.431%+$43 · spread now +0.059%, 7d avg +0.068%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CYPHUSDT | 3.4130 | 0 | get 0.0000% / 8h | 6h 58m | $32K | $408K | 25x |
| Short | Phemex CYPHUSDT | 3.4150 | 0 | get 0.0000% / 8h | 6h 58m | $147K | $230K | 10x |
Bybit CYPHUSDT
Phemex CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.059% → +0.068%
- −$0.97
- Slippage, 4 orders
- −$313.96
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$337.93
- Costs to cover
- 3.370%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 17 min ago; Phemex: live order book, 34 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, 17 min ago | 16.08 bp | 99.7 bp −$100 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 34 min ago | 10.23 bp | 59.6 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
CYPH on 10 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 | 3.4130 | long leg | $32K | $408K | 25x | |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4190 | +0.176% | $36K | $55K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4161 | +0.091% | $48K | $638K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4130 | 0.000% | — | $3.9M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4140 | +0.029% | $8K | $359K | 20x | as long as short |
| Phemex CYPHUSDTshort | 0.0000% | 8h | 3.4150 | +0.059% | $147K | $230K | 10x | |
| QFEX CYPH-USD | +0.0001% | 1h | 3.4100 | −0.088% | $2.0M | $331K | 10x | as long as short |
| edgeX CYPHUSDC | +0.0018% | 4h | 3.4153 | +0.068% | — | $30K | 10x | as long as short |
| Binance CYPHUSDT | +0.0447% | 8h | 3.4138 | +0.023% | $241K | $2.7M | 20x | as long as short |
| Aftermath Perps CYPHUSD | +0.2373% | 1h | 3.5648 | +4.446% | $529 | $20K | 3x | as long as short |
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
QFEX CYPH-USD
edgeX CYPHUSDC
Binance CYPHUSDT
Aftermath Perps CYPHUSD