Funding you earn now, next payment 23:00 UTC+0.0581%/8h= +63.6% APRpaid last 24h +0.112%
Price spread now: Binance against QFEX+0.176%7-day average +1.253% · 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−$387as in the Price arb table
costs, in and out, $10k−$2792.792% of the position
Funding, last 3 days (all we have)+0.337%+$34 on $10k
+Price spread, last 2 days (all we have)+1.182%+$118 · spread now +0.176%, 7d avg +1.253%
=Funding pays, the price is against you. Binance is 1.076% cheaper against QFEX than usual: you would sell low and buy high (spread +0.176% now, against its 7-day average of +1.253%). If the spread goes back, that is −$108 on $10k: about 6.2 days of funding at the current rate (+$17 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX CYPH-USD | 3.3700 | 0 | get 0.0000% / 1h | 26m 32s | $2.0M | $428K | 10x |
| Short | Binance CYPHUSDT | 3.3759 | 0.0581 | get 0.0581% / 8h | 1h 26m | $204K | $3.1M | 20x |
QFEX CYPH-USD
Binance CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against QFEX. 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
- $121.93
- Price spread: +0.176% → +1.253%
- −$107.65
- Slippage, 4 orders
- −$259.15
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$264.87
- Costs to cover
- 2.792%
- Break-even
- 22.2 days
Slippage from QFEX: live order book, 5 min ago; Binance: live order book, 9 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 QFEX live order book, 5 min ago | 14.81 bp | 98.6 bp −$99 | 107.7 bp −$1,077 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 10.33 bp | 51.8 bp −$52 | 521.5 bp −$5,215 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CYPHUSD | −0.0212% | 1h | 3.4563 | +2.560% | $539 | $23K | 3x | as long as short |
| Bybit CYPHUSDT | 0.0000% | 8h | 3.3660 | −0.119% | $16K | $190K | 25x | as long as short |
| QFEX CYPH-USDlong | 0.0000% | 1h | 3.3700 | long leg | $2.0M | $428K | 10x | |
| Gate CYPH_USDT | 0.0000% | 8h | 3.3820 | +0.356% | $36K | $110K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.3766 | +0.196% | $52K | $574K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.3750 | +0.148% | — | $6.0M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.3820 | +0.356% | $5K | $359K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.3790 | +0.267% | $123K | $257K | 10x | as long as short |
| Binance CYPHUSDTshort | +0.0581% | 8h | 3.3759 | +0.176% | $204K | $3.1M | 20x |
Aftermath Perps CYPHUSD
Bybit CYPHUSDT
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT