Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%
Price spread now: Phemex against Bybit−1.046%7-day average +0.123% · 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−$595as in the Price arb table
costs, in and out, $10k−$4784.781% of the position
Funding, last 23 hours (all we have)−0.025%−$2 on $10k
+Price spread, last 18 hours (all we have)+1.666%+$167 · spread now −1.046%, 7d avg +0.123%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 1.168% cheaper against Bybit than usual: you would sell low and buy high, −$117 on $10k if it goes back to its 7-day average of +0.123%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CYPHUSDT | 3.4430 | 0 | get 0.0000% / 8h | 35m 51s | $37K | $204K | 25x |
| Short | Phemex CYPHUSDT | 3.4070 | 0 | get 0.0000% / 8h | 35m 51s | $125K | $259K | 10x |
Bybit CYPHUSDT
Phemex CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −1.046% → +0.123%
- −$116.82
- Slippage, 4 orders
- −$455.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$594.95
- Costs to cover
- 4.781%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 24 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 Bybit live order book, 24 min ago | 54.09 bp | 152.0 bp −$152 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 41 min ago | 11.80 bp | 60.4 bp −$60 | 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 CYPHUSDTlong | 0.0000% | 8h | 3.4430 | long leg | $37K | $204K | 25x | |
| QFEX CYPH-USD | 0.0000% | 1h | 3.3900 | −1.539% | $2.0M | $432K | 10x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4210 | −0.639% | $37K | $109K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4369 | −0.177% | $58K | $597K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4010 | −1.220% | — | $6.0M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4110 | −0.929% | $5K | $359K | 20x | as long as short |
| Phemex CYPHUSDTshort | 0.0000% | 8h | 3.4070 | −1.046% | $125K | $259K | 10x | |
| Aftermath Perps CYPHUSD | +0.0596% | 1h | 3.4960 | +1.538% | $600 | $22K | 3x | as long as short |
| Binance CYPHUSDT | +0.0705% | 8h | 3.4316 | −0.331% | $213K | $3.1M | 20x | as long as short |
QFEX CYPH-USD
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Aftermath Perps CYPHUSD
Binance CYPHUSDT