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

CYPH

RWAall CYPH markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.2367%/8h= +259.2% APRpaid last 24h −0.048%
Price spread now: Aftermath Perps against Phemex+4.846%7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$71 a day on $10k at the current rate, and Aftermath Perps is 4.846% dearer against Phemex than usual: you sell high and buy low: +$485 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex CYPHUSDT3.40000get 0.0000% / 8h2h 12m$142K$237K10x
ShortAftermath Perps CYPHUSD3.56480.2367get 0.0296% / 1h12m 40s$549$20K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phemex. 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
$497.11
Price spread: +4.846% → 0.000%
$484.56
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$960.67
Costs to cover
0.210%
Break-even
from the start
Slippage unknown: Phemex: live order book, 35 min ago; Aftermath Perps: no order-book sample. 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 Phemex live order book, 35 min ago1.49 bp49.5 bp −$49doesn't fitdoesn't fitdoesn't fit
Sell Aftermath Perps no order-book sample
Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget CYPHUSDT−0.0393%8h3.4124+0.365%$46K$626K20xas long as short
Bybit CYPHUSDT0.0000%8h3.4230+0.676%$28K$388K25xas long as short
QFEX CYPH-USD0.0000%1h3.3900−0.294%$2.1M$341K10xas long as short
Gate CYPH_USDT0.0000%8h3.3950−0.147%$35K$55K20xas long as short
SunX CYPH-USDT0.0000%8h3.3960−0.118%$4.5M10xas long as short
HTX CYPH-USDT0.0000%8h3.3970−0.088%$8K$359K20xas long as short
Phemex CYPHUSDTlong0.0000%8h3.4000long leg$142K$237K10x
Binance CYPHUSDT+0.0081%8h3.4180+0.529%$243K$2.8M20xas long as short
Aftermath Perps CYPHUSDshort+0.2367%1h3.5648+4.846%$549$20K3x