CYPH

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	QFEXCYPH-USD	3.2200	0	0.0000% / 1h	47m 22s	$2.0M	$280K	10x	Long QFEX
SHORT	OKXCYPH-USDT-SWAP	3.2210	+0.0699	get 0.0699% / 8h	7h 47m	$144K	$1.4M	20x	Short OKX

Price gap+0.031%

Funding gap+0.0699% /8h

Both sides work: funding pays +$21 a day on $10k, and the gap is 0.193% above its 7d average: +$19 more if it goes back.

If you open now and hold

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

Funding+$73+0.0699% /8h now · paid +0.734% over the last 7D

Price+$19spread +0.031% now, avg −0.162% → +0.193% if it goes back

Costs−$6106.100% of $10k · taker + slippage, in and out

Result−$517−5.17%no pointsWhat the last 7D really paid, hour by hour → backtest

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

OKX price against QFEXnow

RANGE STATS · 7D

Now+0.031%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CYPH on 13 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size186.9 / 79.2 bp
At $10k entering QFEX costs 186.9 bp, fee and slippage, 2.4× OKX’s.
Note: Margin at max leverage$1,000 + $500
QFEX 10x, OKX 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: +$20.97Long QFEX: 24 payments, $0.00; short OKX: 3 payments, +$20.97.
OK: Entry gap works for you+0.031% vs −0.162%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$144K vs $2.0M OI
OKX sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCQFEX No · OKX Yes
Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0350%/8h × 21 periods+$73.42

Price spread+0.031% → −0.162% (7d avg)+$19.33

Slippage, 4 orderslive order books−$590.03

Fee QFEX bp × 2 orders−$10.00

Fee OKX bp × 2 orders−$10.00

Net · 7 days · $10k−$517.28

Costs to cover6.100%Break-even56.3 days

Slippage: QFEX: live order book, 5 min ago; OKX: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGQFEX94.34186.9 bp−$187193.0 bp−$1,930doesn’t fitdoesn’t fit

SELL · SHORTOKX5.2879.2 bp−$79doesn’t fitdoesn’t fitdoesn’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