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

CYPH

RWAall CYPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0373%/8h= +40.8% APRnext payment +$3.73 per $10,000 · paid last 24h
Price spread now: BloFin against Gate+0.263%108s7-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 7 daysno history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and BloFin is 0.263% dearer against Gate than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CYPH_USDT3.42400get 0.0000% / 8h5h 03m$36K$54K20x
ShortBloFin CYPH-USDT3.43300.0373get 0.0373% / 8h5h 03m$94K$85820x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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
$78.31
Price spread: +0.263% → 0.000%
$26.29
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BloFin: 6 bp × 2 orders
−$12
Net
$77.6
Costs to cover
0.270%
Break-even
0.1 days
Slippage unknown: Gate: no order-book sample; BloFin: no order-book sample. 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 Gate no order-book sample
Sell BloFin no order-book sample
Gate and BloFin: 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 11 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
edgeX CYPHUSDC−0.0711%4h3.4393+0.448%$302$45K10xas long as short
Bybit CYPHUSDT0.0000%8h3.4450+0.613%$40K$432K25xas long as short
Gate CYPH_USDTlong0.0000%8h3.4240long leg$36K$54K20x
Bitget CYPHUSDT0.0000%8h3.4385+0.423%$45K$605K20xas long as short
SunX CYPH-USDT0.0000%8h3.4440+0.584%$3.5M10xas long as short
HTX CYPH-USDT0.0000%8h3.4400+0.467%$6K$351K20xas long as short
Phemex CYPHUSDT0.0000%8h3.4440+0.584%$151K$218K10xas long as short
QFEX CYPH-USD+0.0028%1h3.4300+0.175%$2.1M$317K10xas long as short
BloFin CYPH-USDTshort+0.0373%8h3.4330+0.263%$94K$85820x
Binance CYPHUSDT+0.0439%8h3.4440+0.584%$259K$2.6M20xas long as short
Show all 11 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps CYPHUSD+0.2367%1h3.5647+4.111%$557$20K3xas long as short