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

CYPH

RWAall CYPH markets
SwapBacktest
Alert: funding
Alert: spread
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: HTX against Phemex+0.118%7-day average +0.106% · 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 2 days (all we have)0.000%$0 on $10k
Price spread, last 2 days (all we have)+0.030%+$3 · spread now +0.118%, 7d avg +0.106%
Together, before fees+0.030%+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex CYPHUSDT3.39700get 0.0000% / 8h3h 19m$138K$233K10x
ShortHTX CYPH-USDT3.40100get 0.0000% / 8h3h 19m$5K$351K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$0
Price spread: +0.118% → +0.106%
$1.21
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$22.79
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Phemex: live order book, 33 min ago; HTX: live order book, 34 min ago. 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, 33 min ago31.07 bp86.2 bp −$86doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 34 min ago45.63 bp243.7 bp −$244doesn't fitdoesn't fitdoesn't fit

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
QFEX CYPH-USD−0.0002%1h3.4000+0.088%$2.0M$332K10xas long as short
Bybit CYPHUSDT0.0000%8h3.3960−0.029%$29K$380K25xas long as short
Gate CYPH_USDT0.0000%8h3.4130+0.471%$35K$56K20xas long as short
Bitget CYPHUSDT0.0000%8h3.4027+0.168%$52K$615K20xas long as short
SunX CYPH-USDT0.0000%8h3.4000+0.088%$4.6M10xas long as short
HTX CYPH-USDTshort0.0000%8h3.4010+0.118%$5K$351K20x
Phemex CYPHUSDTlong0.0000%8h3.3970long leg$138K$233K10x
Binance CYPHUSDT+0.0177%8h3.3960−0.029%$233K$2.8M20xas long as short
Aftermath Perps CYPHUSD+0.2345%1h3.5584+4.750%$528$20K3xas long as short