Funding you earn now, next payment 16:00 UTC−0.0195%/8h= −21.3% APRnext payment −$1.95 per $10,000 · paid last 24h −0.155%
Price spread now: HTX against Binance−0.088%7-day average +0.104% · 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−$692as in the Price arb table
costs, in and out, $10k−$6736.726% of the position
Funding, last 2 days (all we have)−0.268%−$27 on $10k
+Price spread, last 2 days (all we have)+0.366%+$37 · spread now −0.088%, 7d avg +0.104%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and HTX is 0.192% cheaper against Binance than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.104%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CYPHUSDT | 3.4200 | 0.0195 | pay 0.0195% / 8h | 6h 04m | $242K | $2.6M | 20x |
| Short | HTX CYPH-USDT | 3.4170 | 0 | get 0.0000% / 8h | 6h 04m | $8K | $357K | 20x |
Binance CYPHUSDT
HTX CYPH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$40.91
- Price spread: −0.088% → +0.104%
- −$19.16
- Slippage, 4 orders
- −$650.62
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$732.69
- Costs to cover
- 6.726%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; HTX: live order book, 46 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, 9 min ago | 1.47 bp | 51.0 bp −$51 | 551.2 bp −$5,512 | doesn't fit | doesn't fit |
| Sell HTX live order book, 46 min ago | 30.91 bp | 226.6 bp −$227 | doesn't fit | doesn't fit | doesn't fit |
CYPH on 10 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CYPHUSDC | −0.0218% | 4h | 3.4027 | −0.506% | $146 | $37K | 10x | as long as short |
| Bybit CYPHUSDT | 0.0000% | 8h | 3.4240 | +0.117% | $38K | $425K | 25x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4150 | −0.146% | $36K | $55K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4195 | −0.015% | $45K | $647K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4160 | −0.117% | — | $3.6M | 10x | as long as short |
| HTX CYPH-USDTshort | 0.0000% | 8h | 3.4170 | −0.088% | $8K | $357K | 20x | |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4170 | −0.088% | $149K | $224K | 10x | as long as short |
| QFEX CYPH-USD | 0.0000% | 1h | 3.4300 | +0.292% | $2.1M | $328K | 10x | as long as short |
| Binance CYPHUSDTlong | +0.0195% | 8h | 3.4200 | long leg | $242K | $2.6M | 20x | |
| Aftermath Perps CYPHUSD | +0.2378% | 1h | 3.5648 | +4.232% | $529 | $20K | 3x | as long as short |
edgeX CYPHUSDC
Bybit CYPHUSDT
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
Phemex CYPHUSDT
QFEX CYPH-USD
Aftermath Perps CYPHUSD