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% APRpaid last 24h 0.000%
Price spread now: QFEX against SunX−0.493%7-day average −0.943% · you buy dearer than you sell
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)+0.804%+$80 · spread now −0.493%, 7d avg −0.943%
Together, before fees+0.804%+$80 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: QFEX is 0.450% dearer against SunX than usual: you sell high and buy low, +$45 on $10k if it goes back to its 7-day average of −0.943%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CYPH-USDT3.44700get 0.0000% / 8h38m 35s$4.3M10x
ShortQFEX CYPH-USD3.43000get 0.0000% / 1h38m 35s$2.1M$332K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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: −0.493% → −0.943%
$45.03
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee QFEX: 5 bp × 2 orders
−$10
Net
$27.03
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: SunX: live order book, 10 min ago; QFEX: 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 ago33.44 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell QFEX live order book, 4 min ago29.16 bp34.2 bp −$3454.0 bp −$540doesn'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
edgeX CYPHUSDC−0.0073%4h3.4495+0.072%$16K10xas long as short
QFEX CYPH-USDshort0.0000%1h3.4300−0.493%$2.1M$332K10x
Gate CYPH_USDT0.0000%8h3.4340−0.377%$37K$56K20xas long as short
Bitget CYPHUSDT0.0000%8h3.4446−0.070%$44K$629K20xas long as short
SunX CYPH-USDTlong0.0000%8h3.4470long leg$4.3M10x
HTX CYPH-USDT0.0000%8h3.4610+0.406%$8K$359K20xas long as short
Phemex CYPHUSDT0.0000%8h3.4440−0.087%$146K$235K10xas long as short
Bybit CYPHUSDT+0.0351%8h3.4550+0.232%$32K$405K25xas long as short
Binance CYPHUSDT+0.0785%8h3.4472+0.005%$252K$2.8M20xas long as short
Aftermath Perps CYPHUSD+0.2369%1h3.5647+3.416%$529$20K3xas long as short