Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.276%
Price spread now: Bitget against Phemex+0.405%7-day average +0.204% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$260as in the Price arb table
costs, in and out, $10k−$2802.803% of the position
Funding, last 2 days (all we have)−0.276%−$28 on $10k
+Price spread, last 2 days (all we have)+0.012%+$1 · spread now +0.405%, 7d avg +0.204%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.200% dearer against Phemex than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.204%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex CYPHUSDT | 3.4100 | 0 | get 0.0000% / 8h | 5h 35m | $134K | $230K | 10x |
| Short | Bitget CYPHUSDT | 3.4238 | 0 | get 0.0000% / 8h | 5h 35m | $58K | $596K | 20x |
Phemex CYPHUSDT
Bitget CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.405% → +0.204%
- $20.03
- Slippage, 4 orders
- −$256.32
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$260.29
- Costs to cover
- 2.803%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 27 min ago; Bitget: live order book, 24 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phemex live order book, 27 min ago | 17.49 bp | 60.6 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 24 min ago | 5.96 bp | 105.4 bp −$105 | 110.6 bp −$1,106 | doesn't fit | doesn't fit |
CYPH on 9 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CYPHUSDT | 0.0000% | 8h | 3.4380 | +0.821% | $72K | $300K | 25x | as long as short |
| QFEX CYPH-USD | 0.0000% | 1h | 3.4200 | +0.293% | $2.1M | $371K | 10x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4280 | +0.528% | $36K | $63K | 20x | as long as short |
| Bitget CYPHUSDTshort | 0.0000% | 8h | 3.4238 | +0.405% | $58K | $596K | 20x | |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4150 | +0.147% | — | $4.8M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4130 | +0.088% | $5K | $355K | 20x | as long as short |
| Phemex CYPHUSDTlong | 0.0000% | 8h | 3.4100 | long leg | $134K | $230K | 10x | |
| Binance CYPHUSDT | +0.0878% | 8h | 3.4171 | +0.208% | $230K | $2.7M | 20x | as long as short |
| Aftermath Perps CYPHUSD | +0.2232% | 1h | 3.5647 | +4.538% | $560 | $21K | 3x | as long as short |
Bybit CYPHUSDT
QFEX CYPH-USD
Gate CYPH_USDT
SunX CYPH-USDT
HTX CYPH-USDT
Binance CYPHUSDT
Aftermath Perps CYPHUSD