CYPH

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	MEXCCYPHSTOCK_USDT	2.7600	0	0.0000% / 8h	5h 06m	$43K	$113K	20x	Long MEXC
SHORT	QFEXCYPH-USD	2.7200	0	0.0000% / 1h	6m 47s	$2.0M	$42K	10x	Short QFEX10% back

Price gap−1.449%

Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is 1.420% under its 7d average: the price leg works against you, −$142 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−$230.0000% /8h now · paid −0.230% over the last 7D

Price−$142spread −1.449% now, avg −0.029% → −1.420% if it goes back

Costs−$6796.790% of $10k · taker + slippage, in and out

Result−$844−8.44%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / 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−1.449%

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 16 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

Watch: Thin at this size57.4 / 261.5 bp
At $10k entering QFEX costs 261.5 bp, fee and slippage, 4.6× MEXC’s.
Note: Margin at max leverage$500 + $1,000
MEXC 20x, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: $0.00Long MEXC: 3 payments, $0.00; short QFEX: 24 payments, $0.00.
Watch: Gap narrower than usual−1.449% vs −0.029%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$43K vs $2.0M OI
MEXC sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCMEXC Yes · QFEX No
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0109%/8h × 21 periods−$22.98

Price spread−1.449% → −0.029% (7d avg)−$142.04

Slippage, 4 orderslive order books−$654.96

Fee MEXC bp × 2 orders−$4.00

Fee QFEX bp × 2 orders−$20.00

Net · 7 days · $10k−$843.99

Costs to cover6.790%Break-evennever at this rate

Slippage: MEXC: live order book, 40 min ago; QFEX: live order book, 7 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGMEXC7.2157.4 bp−$57188.4 bp−$1,884222.9 bp−$22.3Kdoesn’t fit

SELL · SHORTQFEX18.42261.5 bp−$261doesn’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