Settings8H · net · $10k
Funding arb · Price arb /

CYPH

RWAall CYPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: SunX against QFEX+0.207%7-day average +0.884% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 2 days (all we have)0.000%$0 on $10k
Price spread, last 2 days (all we have)−0.597%−$60 · spread now +0.207%, 7d avg +0.884%
Together, before fees−0.597%−$60 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.677% cheaper against QFEX than usual: you would sell low and buy high, −$68 on $10k if it goes back to its 7-day average of +0.884%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX CYPH-USD3.38000.0000pay 0.0000% / 1h17m 40s$2.0M$329K10x
ShortSunX CYPH-USDT3.38700get 0.0000% / 8h6h 17m$3.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against QFEX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.02
Price spread: +0.207% → +0.884%
−$67.72
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$85.74
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: QFEX: live order book, 3 min ago; SunX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 3 min ago88.76 bp146.2 bp −$146152.3 bp −$1,523doesn't fitdoesn't fit
Sell SunX live order book, 4 min ago32.42 bp99.4 bp −$99doesn't fitdoesn't fitdoesn't fit

CYPH on 10 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CYPHUSDT0.0000%8h3.3970+0.503%$43K$420K25xas long as short
Gate CYPH_USDT0.0000%8h3.3860+0.178%$36K$55K20xas long as short
Bitget CYPHUSDT0.0000%8h3.3943+0.423%$44K$647K20xas long as short
SunX CYPH-USDTshort0.0000%8h3.3870+0.207%$3.7M10x
HTX CYPH-USDT0.0000%8h3.3880+0.237%$8K$357K20xas long as short
Phemex CYPHUSDT0.0000%8h3.3860+0.178%$147K$224K10xas long as short
QFEX CYPH-USDlong0.0000%1h3.3800long leg$2.0M$329K10x
Binance CYPHUSDT+0.0301%8h3.3866+0.196%$242K$2.7M20xas long as short
edgeX CYPHUSDC+0.0710%4h3.3914+0.337%$68$35K10xas long as short
Aftermath Perps CYPHUSD+0.2377%1h3.5648+5.466%$551$20K3xas long as short