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

CYPH

RWAall CYPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0299%/8h= −32.7% APRpaid last 24h
Price spread now: SunX against edgeX+0.356%7-day average · you sell dearer than you buy
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 6 hours (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · farm boardneeds both histories
The price spread pays, funding is against you. SunX is 0.356% dearer against edgeX than usual: you sell high and buy low (spread +0.356% now, against zero (this spread has no 7-day history yet)): +$36 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 4.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX CYPHUSDC3.42080.0299pay 0.0149% / 4h1h 57m$146$38K10x
ShortSunX CYPH-USDT3.43300get 0.0000% / 8h5h 57m$3.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against edgeX. 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
−$62.79
Price spread: +0.356% → 0.000%
$35.6
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
−$44.19
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: edgeX: no order-book sample; SunX: live order book, 4 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 edgeX no order-book sample
Sell SunX live order book, 4 min ago27.76 bpdoesn't fitdoesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CYPHUSDT0.0000%8h3.4500+0.853%$39K$426K25xas long as short
Gate CYPH_USDT0.0000%8h3.4210+0.005%$36K$54K20xas long as short
Bitget CYPHUSDT0.0000%8h3.4307+0.289%$45K$610K20xas long as short
SunX CYPH-USDTshort0.0000%8h3.4330+0.356%$3.6M10x
HTX CYPH-USDT0.0000%8h3.4340+0.385%$7K$357K20xas long as short
Phemex CYPHUSDT0.0000%8h3.4300+0.268%$149K$224K10xas long as short
QFEX CYPH-USD+0.0028%1h3.4300+0.268%$2.1M$328K10xas long as short
Binance CYPHUSDT+0.0175%8h3.4330+0.356%$244K$2.6M20xas long as short
edgeX CYPHUSDClong+0.0299%4h3.4208long leg$146$38K10x
Aftermath Perps CYPHUSD+0.2378%1h3.5648+4.207%$632$20K3xas long as short