Funding you earn now, next payment 12:00 UTC−0.0710%/8h= −77.7% APRpaid last 24h —
Price spread now: Phemex against edgeX−0.159%78s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 hours (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Phemex is 0.159% cheaper against edgeX than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 78 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 | edgeX CYPHUSDC | 3.3914 | 0.0710 | pay 0.0355% / 4h | 2h 17m | $68 | $35K | 10x |
| Short | Phemex CYPHUSDT | 3.3860 | 0 | get 0.0000% / 8h | 6h 17m | $147K | $224K | 10x |
edgeX CYPHUSDC
Phemex CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against edgeX. 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
- −$149.09
- Price spread: −0.159% → 0.000%
- −$15.9
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$185.99
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: edgeX: no order-book sample; Phemex: live order book, 32 min ago. 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 edgeX no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 32 min ago | 4.41 bp | 56.3 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
edgeX: 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 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CYPHUSDT | 0.0000% | 8h | 3.3970 | +0.165% | $43K | $420K | 25x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.3860 | −0.159% | $36K | $55K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.3943 | +0.086% | $44K | $647K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.3870 | −0.130% | — | $3.7M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.3880 | −0.100% | $8K | $357K | 20x | as long as short |
| Phemex CYPHUSDTshort | 0.0000% | 8h | 3.3860 | −0.159% | $147K | $224K | 10x | |
| QFEX CYPH-USD | 0.0000% | 1h | 3.3800 | −0.336% | $2.0M | $329K | 10x | as long as short |
| Binance CYPHUSDT | +0.0301% | 8h | 3.3866 | −0.140% | $242K | $2.7M | 20x | as long as short |
| edgeX CYPHUSDClong | +0.0710% | 4h | 3.3914 | long leg | $68 | $35K | 10x | |
| Aftermath Perps CYPHUSD | +0.2377% | 1h | 3.5648 | +5.112% | $551 | $20K | 3x | as long as short |
Bybit CYPHUSDT
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
QFEX CYPH-USD
Binance CYPHUSDT
Aftermath Perps CYPHUSD