Funding you earn now, next payment 08:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.86 per $10,000 · paid last 24h −0.174%
Price spread now: Bybit against Binance−0.146%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$406as in the Price arb table
costs, in and out, $10k−$3923.918% of the position
Funding, last 1 day (all we have)−0.174%−$17 on $10k
+Price spread, last 1 day (all we have)+0.348%+$35 · spread now −0.146%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.137% cheaper against Binance than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CYPHUSDT | 3.4210 | 0.0086 | pay 0.0086% / 8h | 2h 06m | $251K | $2.8M | 20x |
| Short | Bybit CYPHUSDT | 3.4160 | 0 | get 0.0000% / 8h | 2h 06m | $27K | $389K | 25x |
Binance CYPHUSDT
Bybit CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$17.96
- Price spread: −0.146% → −0.009%
- −$13.74
- Slippage, 4 orders
- −$370.83
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$423.53
- Costs to cover
- 3.918%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 23 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, 13 min ago | 8.94 bp | 48.9 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 23 min ago | 23.77 bp | 143.0 bp −$143 | doesn't fit | doesn't fit | doesn't fit |
CYPH on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CYPHUSDT | −0.0324% | 8h | 3.4167 | −0.126% | $44K | $628K | 20x | as long as short |
| Bybit CYPHUSDTshort | 0.0000% | 8h | 3.4160 | −0.146% | $27K | $389K | 25x | |
| QFEX CYPH-USD | 0.0000% | 1h | 3.4100 | −0.322% | $2.1M | $344K | 10x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4220 | +0.029% | $36K | $55K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4230 | +0.058% | — | $4.5M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4270 | +0.175% | $8K | $359K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4230 | +0.058% | $143K | $238K | 10x | as long as short |
| Binance CYPHUSDTlong | +0.0086% | 8h | 3.4210 | long leg | $251K | $2.8M | 20x | |
| Aftermath Perps CYPHUSD | +0.2368% | 1h | 3.5648 | +4.202% | $569 | $20K | 3x | as long as short |
Bitget CYPHUSDT
QFEX CYPH-USD
Gate CYPH_USDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
Aftermath Perps CYPHUSD