CYPH

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	OKXCYPH-USDT-SWAP	3.2402	+0.0692	pay 0.0692% / 8h	7h 12m	$144K	$1.4M	20x	Long OKX
SHORT	QFEXCYPH-USD	3.2300	0	0.0000% / 1h	12m 11s	$2.0M	$284K	10x	Short QFEX

Price gap−0.315%

Funding gap−0.0692% /8h

Both sides work against this direction now: funding costs $21 a day on $10k and the gap is 0.477% under its 7d average. Swap the legs.

If you open now and hold

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

Funding−$73−0.0692% /8h now · paid −0.734% over the last 7D

Price−$48spread −0.315% now, avg +0.163% → −0.477% if it goes back

Costs−$4024.017% of $10k · taker + slippage, in and out

Result−$523−5.23%no pointsWhat the last 7D really paid, hour by hour → backtest

Funding history

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

QFEX price against OKXnow

RANGE STATS · 7D

Now−0.315%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CYPH on 13 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

Watch: Thin at this size108.2 / 49.3 bp
At $10k entering OKX costs 108.2 bp, fee and slippage, 2.2× QFEX’s.
Note: Margin at max leverage$500 + $1,000
OKX 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: −$20.76Long OKX: 3 payments, −$20.76; short QFEX: 24 payments, $0.00.
Watch: Gap narrower than usual−0.315% vs +0.163%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$144K vs $2.0M OI
OKX sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCOKX Yes · QFEX No
Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0350%/8h × 21 periods−$73.42

Price spread−0.315% → +0.163% (7d avg)−$47.73

Slippage, 4 orderslive order books−$381.67

Fee OKX bp × 2 orders−$10.00

Fee QFEX bp × 2 orders−$10.00

Net · 7 days · $10k−$522.83

Costs to cover4.017%Break-evennever at this rate

Slippage: OKX: live order book, 5 min ago; QFEX: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGOKX5.23108.2 bp−$108doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTQFEX15.5049.3 bp−$4959.7 bp−$597doesn’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