Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.6690 | 0 | 0.0000% / 8h | 1h 51m | $36K | $113K | 20x | Long MEXC | |
| SHORT | 2.6678 | −0.0812 | pay 0.0406% / 4h | 1h 51m | $12K | $209K | 10x | Short edgeX |
Price gap−0.045%
Funding gap−0.0812% /8h
Funding costs $24 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$50−0.0812% /8h now · paid −0.499% over the last 7D
Price+$1spread −0.045% now, avg −0.053% → +0.008% if it goes back
Costs−$2132.133% of $10k · taker + slippage, in and out
Result−$262−2.62%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.499% in total, about −0.0238%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.045%
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
/8hCYPH on 16 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size65.9 / 46.5 bpAt $10k entering MEXC costs 65.9 bp, fee and slippage, 1.4× edgeX’s.
- Note: Margin at max leverage$500 + $1,000MEXC 20x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$24.35Long MEXC: 3 payments, $0.00; short edgeX: 6 payments, −$24.35.
- Note: Gap at its usual level−0.045% vs −0.053%The price leg adds little either way.
- Watch: Short leg is thinner$12K vs $36K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCMEXC Yes · edgeX NoKYC before trading since Feb 2026; unverified accounts see market data only.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0238%/8h × 21 periods−$49.89
Price spread−0.045% → −0.053% (7d avg)+$0.84
Slippage, 4 orderslive order books−$196.31
Fee MEXC bp × 2 orders−$8.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$262.36
Costs to cover2.133%Break-evennever at this rate
Slippage: MEXC: live order book, 36 min ago; edgeX: live order book, 55 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC20.4065.9 bp−$66182.7 bp−$1,827219.1 bp−$21.9Kdoesn’t fit
SELL · SHORTedgeX14.3746.5 bp−$47doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-23 09:29 | OKX | Listing | new market CYPH-USDT-SWAP ($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 |


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