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

CYPH

RWAall CYPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against SunX+0.294%7-day average −0.122% · 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)+0.040%+$4 · spread now +0.294%, 7d avg −0.122%
Together, before fees+0.040%+$4 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: Gate is 0.416% dearer against SunX than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of −0.122%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CYPH-USDT3.40500get 0.0000% / 8h6h 50m$5.3M10x
ShortGate CYPH_USDT3.41500get 0.0000% / 8h6h 50m$36K$67K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$0
Price spread: +0.294% → −0.122%
$41.56
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$18.56
Costs to cover
0.230%
Break-even
from the start
Slippage unknown: SunX: live order book, 9 min ago; Gate: live order book, 75 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 SunX live order book, 9 min ago68.62 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 75 min ago59.45 bp153.7 bp −$154doesn't fitdoesn't fitdoesn't fit

CYPH on 9 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
Bybit CYPHUSDT0.0000%8h3.4020−0.088%$17K$235K25xas long as short
QFEX CYPH-USD0.0000%1h3.4000−0.147%$2.0M$407K10xas long as short
Gate CYPH_USDTshort0.0000%8h3.4150+0.294%$36K$67K20x
Bitget CYPHUSDT0.0000%8h3.4103+0.156%$64K$559K20xas long as short
SunX CYPH-USDTlong0.0000%8h3.4050long leg$5.3M10x
HTX CYPH-USDT0.0000%8h3.4070+0.059%$5K$358K20xas long as short
Phemex CYPHUSDT0.0000%8h3.4080+0.088%$131K$237K10xas long as short
Binance CYPHUSDT+0.0896%8h3.4095+0.133%$220K$2.8M20xas long as short
Aftermath Perps CYPHUSD+0.1862%1h3.5647+4.692%$563$21K3xas long as short