Funding you earn now, next payment 16:00 UTC+0.0536%/8h= +58.7% APRnext payment +$5.36 per $10,000 · paid last 24h —
Price spread now: BloFin against Phemex−0.087%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. BloFin is 0.087% cheaper against Phemex than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 13 hours of funding at the current rate (+$16 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex CYPHUSDT | 3.4430 | 0 | get 0.0000% / 8h | 4h 31m | $152K | $212K | 10x |
| Short | BloFin CYPH-USDT | 3.4400 | 0.0536 | get 0.0536% / 8h | 4h 31m | $94K | $1K | 20x |
Phemex CYPHUSDT
BloFin CYPH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $112.61
- Price spread: −0.087% → 0.000%
- −$8.71
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $79.9
- Costs to cover
- 0.240%
- Break-even
- 2.0 days
Slippage unknown: Phemex: live order book, 9 min ago; BloFin: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phemex live order book, 9 min ago | 10.20 bp | 56.2 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
BloFin: 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 11 exchanges
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 | 3.4410 | −0.058% | $35K | $401K | 25x | as long as short |
| QFEX CYPH-USD | 0.0000% | 1h | 3.4300 | −0.378% | $2.1M | $316K | 10x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4420 | −0.029% | $37K | $53K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4351 | −0.229% | $45K | $576K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4420 | −0.029% | — | $3.2M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4450 | +0.058% | $6K | $349K | 20x | as long as short |
| Phemex CYPHUSDTlong | 0.0000% | 8h | 3.4430 | long leg | $152K | $212K | 10x | |
| edgeX CYPHUSDC | +0.0216% | 4h | 3.4430 | +0.001% | $303 | $49K | 10x | as long as short |
| BloFin CYPH-USDTshort | +0.0536% | 8h | 3.4400 | −0.087% | $94K | $1K | 20x | |
| Binance CYPHUSDT | +0.0537% | 8h | 3.4420 | −0.029% | $258K | $2.6M | 20x | as long as short |
Bybit CYPHUSDT
QFEX CYPH-USD
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
edgeX CYPHUSDC
Binance CYPHUSDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CYPHUSD | +0.2373% | 1h | 3.5648 | +3.536% | $598 | $20K | 3x | as long as short |
Aftermath Perps CYPHUSD