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+0.0580%/8h= +63.5% APRpaid last 24h
Price spread now: edgeX against Gate−0.244%7-day average · you buy dearer than you sell
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 5 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
Funding pays, the price is against you. edgeX is 0.244% cheaper against Gate than usual: you would sell low and buy high (spread −0.244% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 34 hours of funding at the current rate (+$17 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CYPH_USDT3.42000get 0.0000% / 8h7h 19m$36K$56K20x
ShortedgeX CYPHUSDC3.41170.0580get 0.0290% / 4h3h 19m$27K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$121.8
Price spread: −0.244% → 0.000%
−$24.4
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$73.4
Costs to cover
0.240%
Break-even
2.8 days
Slippage unknown: Gate: no order-book sample; edgeX: 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 edgeX no order-book sample
Gate and 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 venues

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%8h3.4250+0.146%$31K$408K25xas long as short
Gate CYPH_USDTlong0.0000%8h3.4200long leg$36K$56K20x
Bitget CYPHUSDT0.0000%8h3.4141−0.173%$44K$625K20xas long as short
SunX CYPH-USDT0.0000%8h3.4080−0.351%$4.0M10xas long as short
HTX CYPH-USDT0.0000%8h3.4100−0.292%$8K$359K20xas long as short
Phemex CYPHUSDT0.0000%8h3.4110−0.263%$147K$230K10xas long as short
QFEX CYPH-USD+0.0001%1h3.3700−1.462%$2.0M$329K10xas long as short
Binance CYPHUSDT+0.0524%8h3.4140−0.175%$247K$2.7M20xas long as short
edgeX CYPHUSDCshort+0.0580%4h3.4117−0.244%$27K10x
Aftermath Perps CYPHUSD+0.2369%1h3.5648+4.232%$581$20K3xas long as short