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

CYPH

RWAall CYPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.2370%/8h= +259.5% APRpaid last 24h +0.059%
Price spread now: Aftermath Perps against SunX+4.507%7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$71 a day on $10k at the current rate, and Aftermath Perps is 4.507% dearer against SunX than usual: you sell high and buy low: +$451 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CYPH-USDT3.41100get 0.0000% / 8h7h 15m$4.0M10x
ShortAftermath Perps CYPHUSD3.56480.2370get 0.0296% / 1h15m 03s$529$20K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against SunX. 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
$497.73
Price spread: +4.507% → 0.000%
$450.75
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$931.48
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: SunX: live order book, 3 min ago; Aftermath Perps: no order-book sample. 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 SunX live order book, 3 min ago65.93 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Aftermath Perps no order-book sample
Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CYPH on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX CYPHUSDC−0.0288%4h3.4141+0.091%$27K10xas long as short
Bybit CYPHUSDT0.0000%8h3.4230+0.352%$31K$408K25xas long as short
Gate CYPH_USDT0.0000%8h3.4170+0.176%$36K$56K20xas long as short
Bitget CYPHUSDT0.0000%8h3.4090−0.059%$44K$625K20xas long as short
SunX CYPH-USDTlong0.0000%8h3.4110long leg$4.0M10x
HTX CYPH-USDT0.0000%8h3.4080−0.088%$8K$359K20xas long as short
Phemex CYPHUSDT0.0000%8h3.4080−0.088%$147K$230K10xas long as short
QFEX CYPH-USD+0.0001%1h3.3700−1.202%$2.0M$329K10xas long as short
Binance CYPHUSDT+0.0508%8h3.4109−0.003%$246K$2.7M20xas long as short
Aftermath Perps CYPHUSDshort+0.2370%1h3.5648+4.507%$529$20K3x