Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Phemex+0.117%7-day average −0.076% · 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−$354as in the Price arb table
costs, in and out, $10k−$3733.732% of the position
Funding, last 2 days (all we have)0.000%$0 on $10k
+Price spread, last 2 days (all we have)+0.209%+$21 · spread now +0.117%, 7d avg −0.076%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.193% dearer against Phemex than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.076%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex CYPHUSDT | 3.4240 | 0 | get 0.0000% / 8h | 7h 38m | $129K | $244K | 10x |
| Short | Gate CYPH_USDT | 3.4280 | 0 | get 0.0000% / 8h | 7h 38m | $37K | $73K | 20x |
Phemex CYPHUSDT
Gate CYPH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.117% → −0.076%
- $19.28
- Slippage, 4 orders
- −$346.18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$353.9
- Costs to cover
- 3.732%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 34 min ago; Gate: live order book, 27 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, 34 min ago | 14.45 bp | 54.5 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 27 min ago | 59.45 bp | 153.7 bp −$154 | doesn't fit | 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 | −0.1979% | 8h | 3.4090 | −0.438% | $18K | $229K | 25x | as long as short |
| QFEX CYPH-USD | 0.0000% | 1h | 3.4400 | +0.467% | $2.1M | $433K | 10x | as long as short |
| Gate CYPH_USDTshort | 0.0000% | 8h | 3.4280 | +0.117% | $37K | $73K | 20x | |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4206 | −0.099% | $56K | $553K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4170 | −0.204% | — | $5.6M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4190 | −0.146% | $5K | $359K | 20x | as long as short |
| Phemex CYPHUSDTlong | 0.0000% | 8h | 3.4240 | long leg | $129K | $244K | 10x | |
| Binance CYPHUSDT | +0.0826% | 8h | 3.4220 | −0.058% | $220K | $2.9M | 20x | as long as short |
| Aftermath Perps CYPHUSD | +0.1341% | 1h | 3.5389 | +3.356% | $526 | $22K | 3x | as long as short |
Bybit CYPHUSDT
QFEX CYPH-USD
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Binance CYPHUSDT
Aftermath Perps CYPHUSD