Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.025%
Price spread now: Bybit against SunX−0.556%56s7-day average −0.083% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 1 day (all we have)+0.025%+$2 on $10k
+Price spread, last 1 day (all we have)+0.211%+$21 · spread now −0.556%, 7d avg −0.083%
=Funding pays, the price is against you. Bybit is 0.472% cheaper against SunX than usual: you would sell low and buy high (spread −0.556% now, against its 7-day average of −0.083%). If the spread goes back, that is −$47 on $10k: about 2 months of funding at the current rate (+$1 a day). At the pace of the last 1 day (+0.025% in total) that is about 24 days. The two prices were read 56 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 | 3.4200 | 0 | get 0.0000% / 8h | 1h 36m | — | $4.5M | 10x |
| Short | Bybit CYPHUSDT | 3.4010 | 0.0024 | get 0.0024% / 8h | 1h 36m | $26K | $392K | 25x |
SunX CYPH-USDT
Bybit CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $5.04
- Price spread: −0.556% → −0.083%
- −$47.24
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$61.2
- Costs to cover
- 0.190%
- Break-even
- 92.0 days
Slippage unknown: SunX: live order book, 12 min ago; Bybit: live order book, 54 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, 12 min ago | 32.17 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 54 min ago | 23.77 bp | 143.0 bp −$143 | doesn't fit | doesn't fit | doesn't fit |
CYPH on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CYPHUSDT | −0.0109% | 8h | 3.4196 | −0.012% | $43K | $630K | 20x | as long as short |
| QFEX CYPH-USD | −0.0028% | 1h | 3.4100 | −0.292% | $2.1M | $351K | 10x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4090 | −0.322% | $36K | $54K | 20x | as long as short |
| SunX CYPH-USDTlong | 0.0000% | 8h | 3.4200 | long leg | — | $4.5M | 10x | |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4210 | +0.029% | $7K | $358K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4190 | −0.029% | $144K | $237K | 10x | as long as short |
| Bybit CYPHUSDTshort | +0.0024% | 8h | 3.4010 | −0.556% | $26K | $392K | 25x | |
| Binance CYPHUSDT | +0.0236% | 8h | 3.4122 | −0.229% | $248K | $2.8M | 20x | as long as short |
| Aftermath Perps CYPHUSD | +0.2374% | 1h | 3.5648 | +4.232% | $529 | $20K | 3x | as long as short |
Bitget CYPHUSDT
QFEX CYPH-USD
Gate CYPH_USDT
HTX CYPH-USDT
Phemex CYPHUSDT
Binance CYPHUSDT
Aftermath Perps CYPHUSD