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

CYPH

RWAall CYPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.1911%/8h= +209.2% APRpaid last 24h −0.217%
Price spread now: Aftermath Perps against Binance+3.717%7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$57 a day on $10k at the current rate, and Aftermath Perps is 3.717% dearer against Binance than usual: you sell high and buy low: +$372 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance CYPHUSDT3.43700.0465pay 0.0465% / 8h1h 19m$248K$2.8M20x
ShortAftermath Perps CYPHUSD3.56480.2375get 0.0297% / 1h19m 59s$583$20K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Binance. 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
$401.22
Price spread: +3.717% → 0.000%
$371.69
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$753.91
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: Binance: live order book, 15 min ago; Aftermath Perps: no order-book sample. 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 Binance live order book, 15 min ago10.23 bp88.4 bp −$88doesn't fitdoesn't fitdoesn't fit
Sell Aftermath Perps no order-book sample
Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0028%1h3.4300−0.204%$2.1M$352K10xas long as short
Gate CYPH_USDT0.0000%8h3.4150−0.640%$36K$54K20xas long as short
Bitget CYPHUSDT0.0000%8h3.4283−0.253%$44K$628K20xas long as short
SunX CYPH-USDT0.0000%8h3.4380+0.029%$4.5M10xas long as short
HTX CYPH-USDT0.0000%8h3.4390+0.058%$7K$358K20xas long as short
Phemex CYPHUSDT0.0000%8h3.4450+0.233%$145K$237K10xas long as short
Bybit CYPHUSDT+0.0155%8h3.4290−0.233%$32K$397K25xas long as short
Binance CYPHUSDTlong+0.0465%8h3.4370long leg$248K$2.8M20x
Aftermath Perps CYPHUSDshort+0.2375%1h3.5648+3.717%$583$20K3x