Funding you earn now, next payment 08:00 UTC+0.0530%/8h= +58.0% APRnext payment +$5.30 per $10,000 · paid last 24h +0.199%
Price spread now: Binance against HTX+0.010%7-day average −0.103% · 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−$595as in the Price arb table
costs, in and out, $10k−$6066.063% of the position
Funding, last 2 days (all we have)+0.199%+$20 on $10k
+Price spread, last 2 days (all we have)−0.288%−$29 · spread now +0.010%, 7d avg −0.103%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Binance is 0.113% dearer against HTX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.103%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX CYPH-USDT | 3.3860 | 0 | get 0.0000% / 8h | 3h 56m | $5K | $351K | 20x |
| Short | Binance CYPHUSDT | 3.3863 | 0.0530 | get 0.0530% / 8h | 3h 56m | $243K | $2.7M | 20x |
HTX CYPH-USDT
Binance CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against HTX. 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
- $111.2
- Price spread: +0.010% → −0.103%
- $11.27
- Slippage, 4 orders
- −$584.34
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$483.87
- Costs to cover
- 6.063%
- Break-even
- 37.5 days
Slippage from HTX: live order book, 62 min ago; Binance: live order book, 9 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 HTX live order book, 62 min ago | 33.64 bp | 348.4 bp −$348 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 4.42 bp | 66.6 bp −$67 | 426.5 bp −$4,265 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX CYPH-USD | −0.0002% | 1h | 3.3900 | +0.118% | $2.0M | $355K | 10x | as long as short |
| Bybit CYPHUSDT | 0.0000% | 8h | 3.3890 | +0.089% | $29K | $373K | 25x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4100 | +0.709% | $35K | $56K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.3940 | +0.236% | $53K | $628K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.3800 | −0.177% | — | $4.7M | 10x | as long as short |
| HTX CYPH-USDTlong | 0.0000% | 8h | 3.3860 | long leg | $5K | $351K | 20x | |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.3880 | +0.059% | $137K | $232K | 10x | as long as short |
| Binance CYPHUSDTshort | +0.0530% | 8h | 3.3863 | +0.010% | $243K | $2.7M | 20x | |
| Aftermath Perps CYPHUSD | +0.2353% | 1h | 3.5648 | +5.279% | $546 | $20K | 3x | as long as short |
QFEX CYPH-USD
Bybit CYPHUSDT
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
Phemex CYPHUSDT
Aftermath Perps CYPHUSD