Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3.2200 | 0 | 0.0000% / 1h | 46m 26s | $2.0M | $280K | 10x | Long QFEX | |
| SHORT | 3.2260 | +0.0121 | get 0.0121% / 8h | 7h 46m | $32K | $3.5M | 20x | Short KuCoin |
Price gap+0.186%
Funding gap+0.0121% /8h
Both sides work: funding pays +$4 a day on $10k, and the gap is 0.404% above its 7d average: +$40 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$10+0.0121% /8h now · paid +0.096% over the last 7D
Price+$40spread +0.186% now, avg −0.218% → +0.404% if it goes back
Costs−$9329.323% of $10k · taker + slippage, in and out
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
KuCoin price against QFEXnow
RANGE STATS · 7D
Now+0.186%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hCYPH on 13 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size186.9 / 265.7 bpAt $10k entering KuCoin costs 265.7 bp, fee and slippage, 1.4× QFEX’s.
- Note: Margin at max leverage$1,000 + $500QFEX 10x, KuCoin 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$3.63Long QFEX: 24 payments, $0.00; short KuCoin: 3 payments, +$3.63.
- OK: Entry gap works for you+0.186% vs −0.218%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$32K vs $2.0M OIKuCoin sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCQFEX No · KuCoin YesStandard KYC (ID and face check) for any product since Aug 2023.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0046%/8h × 21 periods+$9.59
Price spread+0.186% → −0.218% (7d avg)+$40.44
Slippage, 4 orderslive order books−$910.29
Fee QFEX bp × 2 orders−$10.00
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k−$882.26
Costs to cover9.323%Break-even650.9 days
Slippage: QFEX: live order book, 6 min ago; KuCoin: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX94.34186.9 bp−$187193.0 bp−$1,930doesn’t fitdoesn’t fit
SELL · SHORTKuCoin10.88265.7 bp−$266doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-23 09:29 | OKX | Listing | new market CYPH-USDT-SWAP ($CYPH) seen by our collector |
| 09-23 09:00 | KuCoin | Listing | new market CYPHUSDTM ($CYPH) seen by our collector |
| 09-22 13:38 | Phemex | Listing | Seven new US stock perpetuals. 10x leverage. One important catch: they launched before Monday’s cash session. $AGPU, $AMC, $ANET, $APLD, $CYPH, $HUT and $PATH are now live on Phemex. No expiry. USDT margin. Funding every 8 hours. Trade the names. Respect the first prints. 👇🏻 @Phemex_official on X ↗ |
| 09-22 10:08 | BloFin | Listing | new market CYPH-USDT ($CYPH) seen by our collector |
| 09-22 09:54 | BloFin | Listing | BloFin Futures will list the $PATH-USDT & $CYPH-USDT Perpetual Contracts 🔥 Trade and take advantage of: ✅ 0% Maker Fees ✅ 50% off Taker Fees @BloFin_Official on X ↗ |
| 09-22 06:52 | edgeX | Listing | new market CYPHUSDC ($CYPH) seen by our collector |
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