Funding you earn now, next payment 16:00 UTC+0.0157%/8h= +17.2% APRnext payment +$1.57 per $10,000 · paid last 24h +0.108%
Price spread now: Binance against Bybit−0.351%7-day average −0.041% · 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−$338as in the Price arb table
costs, in and out, $10k−$3073.072% of the position
Funding, last 1 day (all we have)+0.221%+$22 on $10k
+Price spread, last 1 day (all we have)+0.619%+$62 · spread now −0.351%, 7d avg −0.041%
=Funding pays, the price is against you. Binance is 0.309% cheaper against Bybit than usual: you would sell low and buy high (spread −0.351% now, against its 7-day average of −0.041%). If the spread goes back, that is −$31 on $10k: about 6.6 days of funding at the current rate (+$5 a day). At the pace of the last 1 day (+0.221% in total) that is about 48 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CYPHUSDT | 3.4560 | 0 | get 0.0000% / 8h | 5h 47m | $42K | $429K | 25x |
| Short | Binance CYPHUSDT | 3.4439 | 0.0157 | get 0.0157% / 8h | 5h 47m | $250K | $2.7M | 20x |
Bybit CYPHUSDT
Binance CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $32.97
- Price spread: −0.351% → −0.041%
- −$30.95
- Slippage, 4 orders
- −$286.16
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$305.13
- Costs to cover
- 3.072%
- Break-even
- 71.8 days
Slippage from Bybit: live order book, 60 min ago; Binance: live order book, 11 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 Bybit live order book, 60 min ago | 8.82 bp | 88.5 bp −$88 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 4.37 bp | 42.7 bp −$43 | 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 | −0.0144% | 4h | 3.4385 | −0.505% | $147 | $39K | 10x | as long as short |
| Bybit CYPHUSDTlong | 0.0000% | 8h | 3.4560 | long leg | $42K | $429K | 25x | |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4290 | −0.781% | $36K | $54K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4393 | −0.483% | $45K | $616K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4480 | −0.231% | — | $3.6M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4560 | 0.000% | $7K | $357K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4490 | −0.203% | $151K | $223K | 10x | as long as short |
| QFEX CYPH-USD | +0.0028% | 1h | 3.4300 | −0.752% | $2.1M | $328K | 10x | as long as short |
| Binance CYPHUSDTshort | +0.0157% | 8h | 3.4439 | −0.351% | $250K | $2.7M | 20x | |
| BloFin CYPH-USDT | +0.0177% | 8h | 3.4520 | −0.116% | — | $456 | 20x | as long as short |
edgeX CYPHUSDC
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
QFEX CYPH-USD
BloFin CYPH-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CYPHUSD | +0.2378% | 1h | 3.5648 | +3.147% | $529 | $20K | 3x | as long as short |
Aftermath Perps CYPHUSD