Funding you earn now, next payment 08:00 UTC−0.0751%/8h= −82.2% APRnext payment −$7.51 per $10,000 · paid last 24h −0.475%
Price spread now: Bitget against Binance+0.211%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$222as in the Price arb table
costs, in and out, $10k−$2432.431% of the position
Funding, last 4 days (all we have)−0.654%−$65 on $10k
+Price spread, last 4 days (all we have)−0.574%−$57 · spread now +0.211%, 7d avg −0.001%
=The price spread pays, funding is against you. Bitget is 0.212% dearer against Binance than usual: you sell high and buy low (spread +0.211% now, against its 7-day average of −0.001%): +$21 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 23 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CYPHUSDT | 3.4360 | 0.0751 | pay 0.0751% / 8h | 12m 47s | $252K | $2.8M | 20x |
| Short | Bitget CYPHUSDT | 3.4432 | 0 | get 0.0000% / 8h | 12m 47s | $45K | $635K | 20x |
Binance CYPHUSDT
Bitget CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$157.67
- Price spread: +0.211% → −0.001%
- $21.18
- Slippage, 4 orders
- −$221.14
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$379.63
- Costs to cover
- 2.431%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Bitget: live order book, 22 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 7 min ago | 8.74 bp | 40.6 bp −$41 | 277.8 bp −$2,778 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 22 min ago | 18.67 bp | 100.0 bp −$100 | 103.3 bp −$1,033 | doesn't fit | doesn't fit |
CYPH on 10 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX CYPH-USD | 0.0000% | 1h | 3.4500 | +0.409% | $2.1M | $327K | 10x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4410 | +0.147% | $39K | $57K | 20x | as long as short |
| Bitget CYPHUSDTshort | 0.0000% | 8h | 3.4432 | +0.211% | $45K | $635K | 20x | |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4340 | −0.057% | — | $4.2M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4390 | +0.088% | $8K | $358K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4370 | +0.030% | $147K | $235K | 10x | as long as short |
| Bybit CYPHUSDT | +0.0263% | 8h | 3.4500 | +0.409% | $32K | $406K | 25x | as long as short |
| Binance CYPHUSDTlong | +0.0751% | 8h | 3.4360 | long leg | $252K | $2.8M | 20x | |
| edgeX CYPHUSDC | +0.0898% | 4h | 3.4355 | −0.013% | — | $20K | 10x | as long as short |
| Aftermath Perps CYPHUSD | +0.2373% | 1h | 3.5648 | +3.748% | $529 | $20K | 3x | as long as short |
QFEX CYPH-USD
Gate CYPH_USDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
Bybit CYPHUSDT
edgeX CYPHUSDC
Aftermath Perps CYPHUSD