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

CYPH

RWAall CYPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.001%
Price spread now: QFEX against HTX+0.207%7-day average −1.076% · 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 2 days (all we have)+0.001%$0 on $10k
Price spread, last 2 days (all we have)+0.086%+$9 · spread now +0.207%, 7d avg −1.076%
Together, before fees+0.087%+$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 1.283% dearer against HTX than usual: you sell high and buy low, +$128 on $10k if it goes back to its 7-day average of −1.076%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX CYPH-USDT3.38300get 0.0000% / 8h3h 51m$5K$351K20x
ShortQFEX CYPH-USD3.3900−0.0002pay 0.0000% / 1h51m 09s$2.0M$350K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX against HTX. 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
−$0.47
Price spread: +0.207% → −1.076%
$128.29
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee QFEX: 5 bp × 2 orders
−$10
Net
$105.82
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: HTX: live order book, 2 min ago; QFEX: live order book, 6 min ago. 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 HTX live order book, 2 min ago45.63 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell QFEX live order book, 6 min ago103.70 bp108.7 bp −$109108.7 bp −$1,087doesn't fitdoesn't fit

CYPH on 9 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
QFEX CYPH-USDshort−0.0002%1h3.3900+0.207%$2.0M$350K10x
Bybit CYPHUSDT0.0000%8h3.3840+0.030%$29K$374K25xas long as short
Gate CYPH_USDT0.0000%8h3.4080+0.739%$35K$56K20xas long as short
Bitget CYPHUSDT0.0000%8h3.3928+0.290%$54K$626K20xas long as short
SunX CYPH-USDT0.0000%8h3.3800−0.089%$4.7M10xas long as short
HTX CYPH-USDTlong0.0000%8h3.3830long leg$5K$351K20x
Phemex CYPHUSDT0.0000%8h3.3860+0.089%$137K$232K10xas long as short
Binance CYPHUSDT+0.0501%8h3.3820−0.030%$242K$2.7M20xas long as short
Aftermath Perps CYPHUSD+0.2356%1h3.5648+5.372%$577$20K3xas long as short