Funding you earn now, next payment 16:00 UTC+0.0691%/8h= +75.7% APRnext payment +$6.91 per $10,000 · paid last 24h +0.199%
Price spread now: Binance against SunX−0.251%46s7-day average −0.040% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 2 days (all we have)+0.199%+$20 on $10k
+Price spread, last 2 days (all we have)−0.425%−$42 · spread now −0.251%, 7d avg −0.040%
=Funding pays, the price is against you. Binance is 0.210% cheaper against SunX than usual: you would sell low and buy high (spread −0.251% now, against its 7-day average of −0.040%). If the spread goes back, that is −$21 on $10k: about 24 hours of funding at the current rate (+$21 a day). At the pace of the last 2 days (+0.199% in total) that is about 2.5 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX CYPH-USDT | 3.4450 | 0 | get 0.0000% / 8h | 7h 57m | — | $4.2M | 10x |
| Short | Binance CYPHUSDT | 3.4364 | 0.0691 | get 0.0691% / 8h | 7h 57m | $252K | $2.8M | 20x |
SunX CYPH-USDT
Binance CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against SunX. 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
- $145.08
- Price spread: −0.251% → −0.040%
- −$21.04
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $106.05
- Costs to cover
- 0.180%
- Break-even
- 1.9 days
Slippage unknown: SunX: live order book, 11 min ago; Binance: live order book, 8 min ago. Net counts fees only.
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 SunX live order book, 11 min ago | 72.61 bp | 102.6 bp −$103 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 5.81 bp | 47.6 bp −$48 | 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 | 3.4520 | +0.203% | $32K | $407K | 25x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4310 | −0.406% | $39K | $55K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4399 | −0.148% | $45K | $621K | 20x | as long as short |
| SunX CYPH-USDTlong | 0.0000% | 8h | 3.4450 | long leg | — | $4.2M | 10x | |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4440 | −0.029% | $8K | $358K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4410 | −0.116% | $147K | $232K | 10x | as long as short |
| QFEX CYPH-USD | +0.0001% | 1h | 3.3900 | −1.597% | $2.0M | $326K | 10x | as long as short |
| edgeX CYPHUSDC | +0.0194% | 4h | 3.4482 | +0.094% | — | $22K | 10x | as long as short |
| Binance CYPHUSDTshort | +0.0691% | 8h | 3.4364 | −0.251% | $252K | $2.8M | 20x | |
| Aftermath Perps CYPHUSD | +0.2373% | 1h | 3.5563 | +3.231% | $557 | $20K | 3x | as long as short |
Bybit CYPHUSDT
Gate CYPH_USDT
Bitget CYPHUSDT
HTX CYPH-USDT
Phemex CYPHUSDT
QFEX CYPH-USD
edgeX CYPHUSDC
Aftermath Perps CYPHUSD