Funding you earn now, next payment 08:00 UTC−0.1284%/8h= −140.6% APRnext payment −$12.84 per $10,000 · paid last 24h +0.300%
Price spread now: Bybit against Bitget−0.099%7-day average −0.197% · 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−$456as in the Price arb table
costs, in and out, $10k−$4664.661% of the position
Funding, last 1 day (all we have)+0.300%+$30 on $10k
+Price spread, last 18 hours (all we have)−0.337%−$34 · spread now −0.099%, 7d avg −0.197%
=The price spread pays, funding is against you. Bybit is 0.098% dearer against Bitget than usual: you sell high and buy low (spread −0.099% now, against its 7-day average of −0.197%): +$10 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 1 day funding on this pair paid +0.300%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CYPHUSDT | 3.4454 | 0 | get 0.0000% / 8h | 7h 27m | $57K | $552K | 20x |
| Short | Bybit CYPHUSDT | 3.4420 | −0.1284 | pay 0.1284% / 8h | 7h 27m | $18K | $232K | 25x |
Bitget CYPHUSDT
Bybit CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- −$269.63
- Price spread: −0.099% → −0.197%
- $9.84
- Slippage, 4 orders
- −$443.13
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$725.91
- Costs to cover
- 4.661%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 43 min ago; Bybit: 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 Bitget live order book, 43 min ago | 4.93 bp | 67.4 bp −$67 | 73.3 bp −$733 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 28 min ago | 11.73 bp | 110.8 bp −$111 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CYPHUSDTshort | −0.1284% | 8h | 3.4420 | −0.099% | $18K | $232K | 25x | |
| QFEX CYPH-USD | 0.0000% | 1h | 3.4400 | −0.157% | $2.1M | $434K | 10x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4340 | −0.331% | $36K | $73K | 20x | as long as short |
| Bitget CYPHUSDTlong | 0.0000% | 8h | 3.4454 | long leg | $57K | $552K | 20x | |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4490 | +0.104% | — | $5.6M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4550 | +0.279% | $5K | $359K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4500 | +0.134% | $130K | $244K | 10x | as long as short |
| Binance CYPHUSDT | +0.0769% | 8h | 3.4560 | +0.309% | $217K | $2.9M | 20x | as long as short |
| Aftermath Perps CYPHUSD | +0.1461% | 1h | 3.5480 | +2.978% | $592 | $22K | 3x | as long as short |
QFEX CYPH-USD
Gate CYPH_USDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
Binance CYPHUSDT
Aftermath Perps CYPHUSD