Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3.4630 | 0 | 0.0000% / 8h | 3h 03m | $1K | $192K | 10x | Long SunX≤10% back | |
| SHORT | 3.4710 | +0.0342 | get 0.0342% / 8h | 3h 03m | $978K | $1.3M | — | Short BingX |
Price gap+0.231%
Funding gap+0.0342% /8h
Both sides work: funding pays +$10 a day on $10k, and the gap is 0.191% 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 forecastFunding+$111+0.0342% /8h now · paid +1.114% over the last 7D
Price+$19spread +0.231% now, avg +0.040% → +0.191% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$130+1.30%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.231%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hCYPH on 14 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage$1,000 + —SunX 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$10.26Long SunX: 3 payments, $0.00; short BingX: 3 payments, +$10.26.
- OK: Entry gap works for you+0.231% vs +0.040%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$1K vs $978K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCSunX No · BingX YesAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0531%/8h × 21 periods+$111.43
Price spread+0.231% → +0.040% (7d avg)+$19.07
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee SunX bp × 2 orders−$8.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: SunX: live order book, 60 min ago; BingX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX30.91doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX18.7673.8 bp−$74156.9 bp−$1,569860.7 bp−$86.1K1201.5 bp−$600.7K
Closing costs about the same again.
| 09-23 09:29 | OKX | Listing | new market CYPH-USDT-SWAP ($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 |
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