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

CYPH

RWAall CYPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against QFEX−0.146%7-day average · 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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.146% cheaper against QFEX than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX CYPH-USD3.43000get 0.0000% / 1h51m 56s$2.1M$317K10x
ShortGate CYPH_USDT3.42500get 0.0000% / 8h4h 51m$36K$53K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against QFEX. 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: −0.146% → 0.000%
−$14.58
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$39.58
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: QFEX: live order book, 3 min ago; Gate: 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
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 3 min ago29.16 bp85.7 bp −$8691.8 bp −$918doesn't fitdoesn't fit
Sell Gate no order-book sample
Gate: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX CYPHUSDC−0.0193%4h3.4413+0.330%$303$47K10xas long as short
Bybit CYPHUSDT0.0000%8h3.4390+0.262%$40K$414K25xas long as short
QFEX CYPH-USDlong0.0000%1h3.4300long leg$2.1M$317K10x
Gate CYPH_USDTshort0.0000%8h3.4250−0.146%$36K$53K20x
Bitget CYPHUSDT0.0000%8h3.4406+0.309%$45K$585K20xas long as short
SunX CYPH-USDT0.0000%8h3.4370+0.204%$3.4M10xas long as short
HTX CYPH-USDT0.0000%8h3.4380+0.233%$6K$350K20xas long as short
Phemex CYPHUSDT0.0000%8h3.4340+0.117%$151K$215K10xas long as short
Binance CYPHUSDT+0.0604%8h3.4330+0.087%$261K$2.6M20xas long as short
BloFin CYPH-USDT+0.0615%8h3.4520+0.641%$94K$96320xas long as short
Show all 11 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps CYPHUSD+0.2369%1h3.5648+3.929%$529$20K3xas long as short