Funding you earn now, next payment 07:00 UTC+0.0028%/8h= +3.0% APRpaid last 24h −0.001%
Price spread now: HTX against QFEX+0.528%7-day average +1.030% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 2 days (all we have)−0.001%$0 on $10k
+Price spread, last 2 days (all we have)−0.398%−$40 · spread now +0.528%, 7d avg +1.030%
=Funding pays, the price is against you. HTX is 0.502% cheaper against QFEX than usual: you would sell low and buy high (spread +0.528% now, against its 7-day average of +1.030%). If the spread goes back, that is −$50 on $10k: about 2 months of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX CYPH-USD | 3.4100 | −0.0028 | get 0.0003% / 1h | 28m 32s | $2.0M | $352K | 10x |
| Short | HTX CYPH-USDT | 3.4280 | 0 | get 0.0000% / 8h | 1h 28m | $7K | $358K | 20x |
QFEX CYPH-USD
HTX CYPH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $5.78
- Price spread: +0.528% → +1.030%
- −$50.17
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$66.39
- Costs to cover
- 0.220%
- Break-even
- 87.4 days
Slippage unknown: QFEX: live order book, 4 min ago; HTX: live order book, 14 min ago. Net counts fees only.
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, 4 min ago | 102.49 bp | 161.5 bp −$162 | 165.6 bp −$1,656 | doesn't fit | doesn't fit |
| Sell HTX live order book, 14 min ago | 46.85 bp | 297.1 bp −$297 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CYPHUSDT | −0.0087% | 8h | 3.4272 | +0.504% | $44K | $630K | 20x | as long as short |
| QFEX CYPH-USDlong | −0.0028% | 1h | 3.4100 | long leg | $2.0M | $352K | 10x | |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4130 | +0.088% | $36K | $54K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4270 | +0.499% | — | $4.5M | 10x | as long as short |
| HTX CYPH-USDTshort | 0.0000% | 8h | 3.4280 | +0.528% | $7K | $358K | 20x | |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4230 | +0.381% | $144K | $237K | 10x | as long as short |
| Bybit CYPHUSDT | +0.0062% | 8h | 3.4180 | +0.235% | $26K | $392K | 25x | as long as short |
| Binance CYPHUSDT | +0.0307% | 8h | 3.4269 | +0.497% | $249K | $2.8M | 20x | as long as short |
| Aftermath Perps CYPHUSD | +0.2374% | 1h | 3.5648 | +4.538% | $549 | $20K | 3x | as long as short |
Bitget CYPHUSDT
Gate CYPH_USDT
SunX CYPH-USDT
Phemex CYPHUSDT
Bybit CYPHUSDT
Binance CYPHUSDT
Aftermath Perps CYPHUSD