Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3.2403 | +0.0471 | pay 0.0236% / 4h | 1h 50m | $9K | $266K | 10x | Long edgeX | |
| SHORT | 3.2400 | 0 | 0.0000% / 8h | 5h 50m | $35K | $3.6M | 20x | Short KuCoin |
Price gap−0.010%68s
Funding gap−0.0471% /8h
Funding costs $14 a day on $10k at the current rate. Swap the legs.
The two prices were read 68 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$91−0.0471% /8h now · paid −0.906% over the last 7D
Price—spread −0.010%68s now · prices read too far apart to compare
Costs−$2472.465% of $10k · taker + slippage, in and out
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
KuCoin price against edgeXnow
RANGE STATS · 7D
Now−0.010%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hCYPH on 13 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size33.9 / 89.2 bpAt $10k entering KuCoin costs 89.2 bp, fee and slippage, 2.6× edgeX’s.
- Note: Margin at max leverage$1,000 + $500edgeX 10x, KuCoin 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$14.14Long edgeX: 6 payments, −$14.14; short KuCoin: 3 payments, $0.00.
- Watch: Prices read 68 s apart−0.010% vs −0.027%Part of this gap may be the market moving.
- Watch: Long leg is thinner$9K vs $35K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCedgeX No · KuCoin YesStandard KYC (ID and face check) for any product since Aug 2023.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0447%/8h × 21 periods−$93.86
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$225.53
Fee edgeX bp × 2 orders−$9.00
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k−$340.40
price spread not counted: prices read too far apartCosts to cover2.465%Break-evennever at this rate
Slippage: edgeX: live order book, 27 min ago; KuCoin: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX15.6633.9 bp−$34doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTKuCoin12.3889.2 bp−$89doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-23 09:29 | OKX | Listing | new market CYPH-USDT-SWAP ($CYPH) seen by our collector |
| 09-23 09:00 | KuCoin | Listing | new market CYPHUSDTM ($CYPH) seen by our collector |
| 09-22 13:38 | Phemex | Listing | Seven new US stock perpetuals. 10x leverage. One important catch: they launched before Monday’s cash session. $AGPU, $AMC, $ANET, $APLD, $CYPH, $HUT and $PATH are now live on Phemex. No expiry. USDT margin. Funding every 8 hours. Trade the names. Respect the first prints. 👇🏻 @Phemex_official on X ↗ |
| 09-22 10:08 | BloFin | Listing | new market CYPH-USDT ($CYPH) seen by our collector |
| 09-22 09:54 | BloFin | Listing | BloFin Futures will list the $PATH-USDT & $CYPH-USDT Perpetual Contracts 🔥 Trade and take advantage of: ✅ 0% Maker Fees ✅ 50% off Taker Fees @BloFin_Official on X ↗ |
| 09-22 06:52 | edgeX | Listing | new market CYPHUSDC ($CYPH) seen by our collector |
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