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

CYPH

RWAall CYPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against SunX+0.146%7-day average −0.036% · 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)−0.068%−$7 · spread now +0.146%, 7d avg −0.036%
Together, before fees−0.068%−$7 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: Phemex is 0.182% dearer against SunX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CYPH-USDT3.41500get 0.0000% / 8h7h 00m$3.9M10x
ShortPhemex CYPHUSDT3.42000get 0.0000% / 8h7h 00m$148K$230K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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: +0.146% → −0.036%
$18.21
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$1.79
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 8 min ago; Phemex: live order book, 31 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, 8 min ago27.80 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Phemex live order book, 31 min ago10.23 bp59.6 bp −$60doesn't fitdoesn't fitdoesn't fit

CYPH on 10 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%8h3.4300+0.439%$32K$408K25xas long as short
Gate CYPH_USDT0.0000%8h3.4240+0.264%$36K$56K20xas long as short
Bitget CYPHUSDT0.0000%8h3.4240+0.264%$48K$620K20xas long as short
SunX CYPH-USDTlong0.0000%8h3.4150long leg$3.9M10x
HTX CYPH-USDT0.0000%8h3.4170+0.059%$8K$359K20xas long as short
Phemex CYPHUSDTshort0.0000%8h3.4200+0.146%$148K$230K10x
QFEX CYPH-USD+0.0001%1h3.3800−1.025%$2.0M$331K10xas long as short
Binance CYPHUSDT+0.0458%8h3.4190+0.117%$243K$2.7M20xas long as short
edgeX CYPHUSDC+0.0928%4h3.4187+0.109%$29K10xas long as short
Aftermath Perps CYPHUSD+0.2372%1h3.5648+4.385%$529$20K3xas long as short