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: HTX against SunX+0.089%7-day average +0.063% · 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)−0.010%−$1 · spread now +0.089%, 7d avg +0.063%
Together, before fees−0.010%−$1 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: HTX is 0.026% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.063%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CYPH-USDT3.38000get 0.0000% / 8h3h 48m$4.7M10x
ShortHTX CYPH-USDT3.38300get 0.0000% / 8h3h 48m$5K$351K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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: +0.089% → +0.063%
$2.61
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$17.39
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 10 min ago; HTX: live order book, 4 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, 10 min ago32.32 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 4 min ago45.63 bp243.7 bp −$244doesn'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
QFEX CYPH-USD−0.0002%1h3.3900+0.296%$2.0M$350K10xas long as short
Bybit CYPHUSDT0.0000%8h3.3810+0.030%$28K$374K25xas long as short
Gate CYPH_USDT0.0000%8h3.4080+0.828%$35K$56K20xas long as short
Bitget CYPHUSDT0.0000%8h3.3896+0.284%$54K$625K20xas long as short
SunX CYPH-USDTlong0.0000%8h3.3800long leg$4.7M10x
HTX CYPH-USDTshort0.0000%8h3.3830+0.089%$5K$351K20x
Phemex CYPHUSDT0.0000%8h3.3840+0.118%$137K$232K10xas long as short
Binance CYPHUSDT+0.0492%8h3.3830+0.089%$243K$2.7M20xas long as short
Aftermath Perps CYPHUSD+0.2357%1h3.5648+5.466%$577$20K3xas long as short