Funding you earn now, next payment 00:00 UTC−0.0491%/8h= −53.8% APRnext payment −$4.91 per $10,000 · paid last 24h −0.113%
Price spread now: Gate against Binance−0.207%7-day average −0.142% · 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−$358as in the Price arb table
costs, in and out, $10k−$3513.511% of the position
Funding, last 4 days (all we have)−0.340%−$34 on $10k
+Price spread, last 2 days (all we have)+0.415%+$42 · spread now −0.207%, 7d avg −0.142%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Gate is 0.064% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.142%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CYPHUSDT | 3.3860 | 0.0491 | pay 0.0491% / 8h | 1h 47m | $199K | $3.1M | 20x |
| Short | Gate CYPH_USDT | 3.3790 | 0 | get 0.0000% / 8h | 1h 47m | $36K | $110K | 20x |
Binance CYPHUSDT
Gate CYPH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$103.2
- Price spread: −0.207% → −0.142%
- −$6.45
- Slippage, 4 orders
- −$326.08
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$460.73
- Costs to cover
- 3.511%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Gate: live order book, 28 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, 3 min ago | 4.41 bp | 55.5 bp −$55 | 379.2 bp −$3,792 | doesn't fit | doesn't fit |
| Sell Gate live order book, 28 min ago | 44.86 bp | 150.6 bp −$151 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CYPHUSD | −0.0417% | 1h | 3.3990 | +0.384% | $505 | $23K | 3x | as long as short |
| Bybit CYPHUSDT | 0.0000% | 8h | 3.3950 | +0.266% | $15K | $190K | 25x | as long as short |
| QFEX CYPH-USD | 0.0000% | 1h | 3.3900 | +0.118% | $2.0M | $415K | 10x | as long as short |
| Gate CYPH_USDTshort | 0.0000% | 8h | 3.3790 | −0.207% | $36K | $110K | 20x | |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.3813 | −0.139% | $53K | $583K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.3930 | +0.207% | — | $6.0M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.3950 | +0.266% | $4K | $357K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.3850 | −0.030% | $122K | $255K | 10x | as long as short |
| Binance CYPHUSDTlong | +0.0491% | 8h | 3.3860 | long leg | $199K | $3.1M | 20x |
Aftermath Perps CYPHUSD
Bybit CYPHUSDT
QFEX CYPH-USD
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT