Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bitget+0.253%46s7-day average −0.168% · 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—prices read too far apart to compare
costs, in and out, $10k−$1881.884% of the position
Funding, last 3 days (all we have)+0.276%+$28 on $10k
+Price spread, last 2 days (all we have)−0.656%−$66 · spread now +0.253%, 7d avg −0.168%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.421% dearer against Bitget than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of −0.168%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CYPHUSDT | 3.4333 | 0 | get 0.0000% / 8h | 5h 04m | $45K | $605K | 20x |
| Short | Phemex CYPHUSDT | 3.4420 | 0 | get 0.0000% / 8h | 5h 04m | $151K | $218K | 10x |
Bitget CYPHUSDT
Phemex CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.253% → −0.168%
- $42.11
- Slippage, 4 orders
- −$164.4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$146.29
- Costs to cover
- 1.884%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 38 min ago; Phemex: live order book, 41 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, 38 min ago | 9.89 bp | 17.5 bp −$18 | 20.3 bp −$203 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 41 min ago | 4.35 bp | 46.7 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
CYPH on 11 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 | −0.0050% | 4h | 3.4348 | +0.043% | $302 | $45K | 10x | as long as short |
| Bybit CYPHUSDT | 0.0000% | 8h | 3.4450 | +0.341% | $40K | $432K | 25x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4230 | −0.300% | $36K | $54K | 20x | as long as short |
| Bitget CYPHUSDTlong | 0.0000% | 8h | 3.4333 | long leg | $45K | $605K | 20x | |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4410 | +0.224% | — | $3.5M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4380 | +0.137% | $6K | $352K | 20x | as long as short |
| Phemex CYPHUSDTshort | 0.0000% | 8h | 3.4420 | +0.253% | $151K | $218K | 10x | |
| QFEX CYPH-USD | +0.0028% | 1h | 3.4300 | −0.096% | $2.1M | $317K | 10x | as long as short |
| BloFin CYPH-USDT | +0.0373% | 8h | 3.4330 | −0.009% | $94K | $858 | 20x | as long as short |
| Binance CYPHUSDT | +0.0428% | 8h | 3.4421 | +0.257% | $257K | $2.6M | 20x | as long as short |
edgeX CYPHUSDC
Bybit CYPHUSDT
Gate CYPH_USDT
SunX CYPH-USDT
HTX CYPH-USDT
QFEX CYPH-USD
BloFin CYPH-USDT
Binance CYPHUSDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CYPHUSD | +0.2366% | 1h | 3.5647 | +3.829% | $557 | $20K | 3x | as long as short |
Aftermath Perps CYPHUSD