Funding you earn now, next payment 09:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.001%
Price spread now: Phemex against QFEX+1.869%7-day average +0.901% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$487as in the Price arb table
costs, in and out, $10k−$5845.840% of the position
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 2 days (all we have)−2.571%−$257 · spread now +1.869%, 7d avg +0.901%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.969% dearer against QFEX than usual: you sell high and buy low, +$97 on $10k if it goes back to its 7-day average of +0.901%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX CYPH-USD | 3.3700 | 0.0001 | pay 0.0000% / 1h | 43m 52s | $2.0M | $326K | 10x |
| Short | Phemex CYPHUSDT | 3.4330 | 0 | get 0.0000% / 8h | 7h 43m | $147K | $231K | 10x |
QFEX CYPH-USD
Phemex CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$0.24
- Price spread: +1.869% → +0.901%
- $96.87
- Slippage, 4 orders
- −$562
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$487.37
- Costs to cover
- 5.840%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 3 min ago; Phemex: live order book, 53 min ago.
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, 3 min ago | 29.50 bp | 243.2 bp −$243 | 267.8 bp −$2,678 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 53 min ago | 14.49 bp | 56.2 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
CYPH on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CYPHUSDT | 0.0000% | 8h | 3.4470 | +2.285% | $32K | $407K | 25x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4370 | +1.988% | $36K | $56K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4389 | +2.045% | $44K | $624K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4300 | +1.780% | — | $4.1M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4360 | +1.958% | $8K | $358K | 20x | as long as short |
| Phemex CYPHUSDTshort | 0.0000% | 8h | 3.4330 | +1.869% | $147K | $231K | 10x | |
| QFEX CYPH-USDlong | +0.0001% | 1h | 3.3700 | long leg | $2.0M | $326K | 10x | |
| edgeX CYPHUSDC | +0.0100% | 4h | 3.4348 | +1.923% | — | $23K | 10x | as long as short |
| Binance CYPHUSDT | +0.0653% | 8h | 3.4329 | +1.868% | $247K | $2.7M | 20x | as long as short |
| Aftermath Perps CYPHUSD | +0.2363% | 1h | 3.5640 | +5.756% | $550 | $20K | 3x | as long as short |
Bybit CYPHUSDT
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
edgeX CYPHUSDC
Binance CYPHUSDT
Aftermath Perps CYPHUSD