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 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Phemex−0.118%7-day average +0.036% · you buy dearer than you sell
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)+0.075%+$7 · spread now −0.118%, 7d avg +0.036%
Together, before fees+0.075%+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.154% cheaper against Phemex than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex CYPHUSDT3.38400get 0.0000% / 8h3h 48m$137K$232K10x
ShortSunX CYPH-USDT3.38000get 0.0000% / 8h3h 48m$4.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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% → +0.036%
−$15.44
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$35.44
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Phemex: live order book, 4 min ago; SunX: live order book, 10 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, 4 min ago31.07 bp86.2 bp −$86doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 10 min ago32.32 bpdoesn't fitdoesn'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%1h3.3900+0.177%$2.0M$351K10xas long as short
Bybit CYPHUSDT0.0000%8h3.3770−0.207%$28K$374K25xas long as short
Gate CYPH_USDT0.0000%8h3.4090+0.739%$35K$56K20xas long as short
Bitget CYPHUSDT0.0000%8h3.3911+0.210%$54K$625K20xas long as short
SunX CYPH-USDTshort0.0000%8h3.3800−0.118%$4.6M10x
HTX CYPH-USDT0.0000%8h3.3830−0.030%$5K$351K20xas long as short
Phemex CYPHUSDTlong0.0000%8h3.3840long leg$137K$232K10x
Binance CYPHUSDT+0.0486%8h3.3830−0.030%$243K$2.7M20xas long as short
Aftermath Perps CYPHUSD+0.2357%1h3.5648+5.341%$596$20K3xas long as short