Funding you earn now, next payment 08:00 UTC−0.0201%/8h= −22.0% APRnext payment −$2.01 per $10,000 · paid last 24h −0.300%
Price spread now: Bitget against Bybit+0.235%7-day average +0.141% · 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−$306as in the Price arb table
costs, in and out, $10k−$3153.153% of the position
Funding, last 1 day (all we have)−0.300%−$30 on $10k
+Price spread, last 18 hours (all we have)+0.266%+$27 · spread now +0.235%, 7d avg +0.141%
=The price spread pays, funding is against you. Bitget is 0.094% dearer against Bybit than usual: you sell high and buy low (spread +0.235% now, against its 7-day average of +0.141%): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 1 day (−0.300% in total) that is about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CYPHUSDT | 3.3590 | 0 | get 0.0000% / 8h | 2h 50m | $29K | $383K | 25x |
| Short | Bitget CYPHUSDT | 3.3669 | −0.0201 | pay 0.0201% / 8h | 2h 50m | $48K | $626K | 20x |
Bybit CYPHUSDT
Bitget CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$42.21
- Price spread: +0.235% → +0.141%
- $9.43
- Slippage, 4 orders
- −$292.29
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$348.07
- Costs to cover
- 3.153%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 45 min ago; Bitget: live order book, 60 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, 45 min ago | 8.90 bp | 116.9 bp −$117 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 60 min ago | 3.39 bp | 70.9 bp −$71 | 75.1 bp −$751 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CYPHUSDTshort | −0.0201% | 8h | 3.3669 | +0.235% | $48K | $626K | 20x | |
| Bybit CYPHUSDTlong | 0.0000% | 8h | 3.3590 | long leg | $29K | $383K | 25x | |
| QFEX CYPH-USD | 0.0000% | 1h | 3.3600 | +0.030% | $2.0M | $336K | 10x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.3740 | +0.447% | $35K | $55K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.3570 | −0.060% | — | $4.6M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.3570 | −0.060% | $7K | $360K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.3600 | +0.030% | $138K | $234K | 10x | as long as short |
| Binance CYPHUSDT | +0.0132% | 8h | 3.3550 | −0.119% | $240K | $2.8M | 20x | as long as short |
| Aftermath Perps CYPHUSD | +0.2355% | 1h | 3.5647 | +6.125% | $529 | $20K | 3x | as long as short |
QFEX CYPH-USD
Gate CYPH_USDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
Binance CYPHUSDT
Aftermath Perps CYPHUSD