CYPH

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	KuCoinCYPHUSDTM	3.5070	0	0.0000% / 8h	2h 28m	$37K	$3.4M	20x	Long KuCoin
SHORT	SunXCYPH-USDT	3.4930	0	0.0000% / 8h	2h 28m	$1K	$185K	10x	Short SunX≤10% back

Price gap−0.399%

Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is 0.380% under its 7d average: the price leg works against you, −$38 on $10k if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$100.0000% /8h now · paid −0.100% over the last 7D

Price−$38spread −0.399% now, avg −0.019% → −0.380% if it goes back

Costsdoesn’t fit$10k a leg is deeper than the books hold

Result, before costs−$48−0.48%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…

Price spread

Prices

Fundingper 8h

P&L

PRICE SPREAD · 7D

Now−0.399%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CYPH on 14 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Problem: Doesn’t fit the books—
$10k a leg is deeper than SunX’s order book right now.
Note: Margin at max leverage$500 + $1,000
KuCoin 20x, SunX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: $0.00Long KuCoin: 3 payments, $0.00; short SunX: 3 payments, $0.00.
Watch: Gap narrower than usual−0.399% vs −0.019%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$1K vs $37K OI
SunX sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCKuCoin Yes · SunX No
Standard KYC (ID and face check) for any product since Aug 2023.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0048%/8h × 21 periods−$10.00

Price spread−0.399% → −0.019% (7d avg)−$38.03

Slippage, 4 ordersdoesn’t fit the book at $10k—

Fee KuCoin bp × 2 orders−$12.00

Fee SunX bp × 2 orders−$8.00

Net · 7 days · $10k—

doesn’t fit the books at $10k

Costs to cover—Break-even—

Slippage: KuCoin: live order book, 7 min ago; SunX: live order book, 29 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGKuCoin14.37126.2 bp−$126doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTSunX63.51doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

CYPH news

posts that mention CYPH, from every exchangeSearch all news →

09-23 09:29	OKX	Listing	new market CYPH-USDT-SWAP ($CYPH) seen by our collector
09-23 09:00	KuCoin	Listing	new market CYPHUSDTM ($CYPH) seen by our collector
09-22 13:38	Phemex	Listing	Seven new US stock perpetuals. 10x leverage. One important catch: they launched before Monday’s cash session. $AGPU, $AMC, $ANET, $APLD, $CYPH, $HUT and $PATH are now live on Phemex. No expiry. USDT margin. Funding every 8 hours. Trade the names. Respect the first prints. 👇🏻 @Phemex_official on X ↗
09-22 10:08	BloFin	Listing	new market CYPH-USDT ($CYPH) seen by our collector
09-22 09:54	BloFin	Listing	BloFin Futures will list the $PATH-USDT & $CYPH-USDT Perpetual Contracts 🔥 Trade and take advantage of: ✅ 0% Maker Fees ✅ 50% off Taker Fees @BloFin_Official on X ↗
09-22 06:52	edgeX	Listing	new market CYPHUSDC ($CYPH) seen by our collector