CYPH

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	QFEXCYPH-USD	2.7500	−0.0011	get 0.0001% / 1h	17m 40s	$2.0M	$33K	10x	Long QFEX10% back
SHORT	MEXCCYPHSTOCK_USDT	2.7750	0	0.0000% / 8h	6h 17m	$44K	$112K	20x	Short MEXC

Price gap+0.909%

Funding gap+0.0011% /8h

Both sides work: funding pays $0 a day on $10k, and the gap is 0.885% above its 7d average: +$89 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$23+0.0011% /8h now · paid +0.230% over the last 7D

Price+$89spread +0.909% now, avg +0.024% → +0.885% if it goes back

Costs−$8908.900% of $10k · taker + slippage, in and out

Result−$779−7.79%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.909%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CYPH on 16 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size264.5 / 48.8 bp
At $10k entering QFEX costs 264.5 bp, fee and slippage, 5.4× MEXC’s.
Note: Margin at max leverage$1,000 + $500
QFEX 10x, MEXC 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$0.34Long QFEX: 24 payments, +$0.34; short MEXC: 3 payments, $0.00.
OK: Entry gap works for you+0.909% vs +0.024%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$44K vs $2.0M OI
MEXC sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCQFEX No · MEXC Yes
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0109%/8h × 21 periods+$22.97

Price spread+0.909% → +0.024% (7d avg)+$88.52

Slippage, 4 orderslive order books−$866.02

Fee QFEX bp × 2 orders−$20.00

Fee MEXC bp × 2 orders−$4.00

Net · 7 days · $10k−$778.53

Costs to cover8.900%Break-even244.3 days

Slippage: QFEX: live order book, 6 min ago; MEXC: live order book, 42 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGQFEX252.71264.5 bp−$265doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTMEXC8.9248.8 bp−$49174.7 bp−$1,747223.2 bp−$22.3Kdoesn’t fit

Closing costs about the same again.

CYPH news

posts that mention CYPH, from every exchangeSearch all news →

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