Funding you earn now, next payment 08:00 UTC+0.0141%/8h= +15.4% APRnext payment +$1.41 per $10,000 · paid last 24h +0.199%
Price spread now: Binance against Gate−0.765%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Binance is 0.765% cheaper against Gate than usual: you would sell low and buy high (spread −0.765% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$76 on $10k: about 18 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CYPH_USDT | 3.4000 | 0 | get 0.0000% / 8h | 3h 08m | $35K | $56K | 20x |
| Short | Binance CYPHUSDT | 3.3740 | 0.0141 | get 0.0141% / 8h | 3h 08m | $231K | $2.8M | 20x |
Gate CYPH_USDT
Binance CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $29.53
- Price spread: −0.765% → 0.000%
- −$76.47
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$71.94
- Costs to cover
- 0.250%
- Break-even
- 24.0 days
Slippage unknown: Gate: no order-book sample; Binance: live order book, 12 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 Gate no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 12 min ago | 2.94 bp | 49.5 bp −$50 | 466.4 bp −$4,664 | doesn't fit | doesn't fit |
Gate: 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 9 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX CYPH-USD | −0.0002% | 1h | 3.3800 | −0.588% | $2.0M | $334K | 10x | as long as short |
| Bybit CYPHUSDT | 0.0000% | 8h | 3.3680 | −0.941% | $29K | $381K | 25x | as long as short |
| Gate CYPH_USDTlong | 0.0000% | 8h | 3.4000 | long leg | $35K | $56K | 20x | |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.3889 | −0.326% | $51K | $616K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.3760 | −0.706% | — | $4.6M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.3820 | −0.529% | $5K | $352K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.3760 | −0.706% | $138K | $233K | 10x | as long as short |
| Binance CYPHUSDTshort | +0.0141% | 8h | 3.3740 | −0.765% | $231K | $2.8M | 20x | |
| Aftermath Perps CYPHUSD | +0.2346% | 1h | 3.5647 | +4.845% | $595 | $20K | 3x | as long as short |
QFEX CYPH-USD
Bybit CYPHUSDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
Aftermath Perps CYPHUSD