Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Gate+0.118%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$366as in the Price arb table
costs, in and out, $10k−$3713.710% of the position
Funding, last 2 days (all we have)0.000%$0 on $10k
+Price spread, last 2 days (all we have)−0.509%−$51 · spread now +0.118%, 7d avg +0.072%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.046% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.072%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CYPH_USDT | 3.3830 | 0 | get 0.0000% / 8h | 1h 29m | $36K | $110K | 20x |
| Short | Phemex CYPHUSDT | 3.3870 | 0 | get 0.0000% / 8h | 1h 29m | $123K | $257K | 10x |
Gate CYPH_USDT
Phemex CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.118% → +0.072%
- $4.64
- Slippage, 4 orders
- −$344.01
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$366.38
- Costs to cover
- 3.710%
- Break-even
- never at this rate
Slippage from Gate: live order book, 46 min ago; Phemex: live order book, 53 min ago.
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 live order book, 46 min ago | 44.86 bp | 94.7 bp −$95 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 53 min ago | 11.78 bp | 75.6 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CYPHUSD | −0.0253% | 1h | 3.4124 | +0.870% | $507 | $23K | 3x | as long as short |
| Bybit CYPHUSDT | 0.0000% | 8h | 3.3870 | +0.118% | $16K | $190K | 25x | as long as short |
| QFEX CYPH-USD | 0.0000% | 1h | 3.3800 | −0.089% | $2.0M | $418K | 10x | as long as short |
| Gate CYPH_USDTlong | 0.0000% | 8h | 3.3830 | long leg | $36K | $110K | 20x | |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.3782 | −0.142% | $52K | $575K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.3840 | +0.030% | — | $6.0M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.3860 | +0.089% | $5K | $358K | 20x | as long as short |
| Phemex CYPHUSDTshort | 0.0000% | 8h | 3.3870 | +0.118% | $123K | $257K | 10x | |
| Binance CYPHUSDT | +0.0576% | 8h | 3.3826 | −0.011% | $200K | $3.1M | 20x | as long as short |
Aftermath Perps CYPHUSD
Bybit CYPHUSDT
QFEX CYPH-USD
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Binance CYPHUSDT