Funding you earn now, next payment 08:00 UTC+0.0791%/8h= +86.7% APRnext payment +$7.91 per $10,000 · paid last 24h +0.199%
Price spread now: Binance against Gate+0.349%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Binance is 0.349% dearer against Gate than usual: you sell high and buy low: +$35 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CYPH_USDT | 3.4340 | 0 | get 0.0000% / 8h | 37m 04s | $37K | $56K | 20x |
| Short | Binance CYPHUSDT | 3.4460 | 0.0791 | get 0.0791% / 8h | 37m 04s | $251K | $2.8M | 20x |
Gate CYPH_USDT
Binance CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $166.2
- Price spread: +0.349% → 0.000%
- $34.94
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $176.14
- Costs to cover
- 0.250%
- Break-even
- from the start
Slippage unknown: Gate: no order-book sample; Binance: live order book, 13 min ago. Net counts fees only.
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 Gate no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 13 min ago | 8.72 bp | 57.2 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
CYPH on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX CYPH-USD | 0.0000% | 1h | 3.4400 | +0.175% | $2.1M | $332K | 10x | as long as short |
| Gate CYPH_USDTlong | 0.0000% | 8h | 3.4340 | long leg | $37K | $56K | 20x | |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4466 | +0.367% | $46K | $635K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4510 | +0.495% | — | $4.3M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4530 | +0.553% | $8K | $359K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4440 | +0.291% | $146K | $235K | 10x | as long as short |
| Bybit CYPHUSDT | +0.0347% | 8h | 3.4530 | +0.553% | $33K | $405K | 25x | as long as short |
| Binance CYPHUSDTshort | +0.0791% | 8h | 3.4460 | +0.349% | $251K | $2.8M | 20x | |
| edgeX CYPHUSDC | +0.0879% | 4h | 3.4463 | +0.358% | — | $16K | 10x | as long as short |
| Aftermath Perps CYPHUSD | +0.2370% | 1h | 3.5647 | +3.808% | $553 | $20K | 3x | as long as short |
QFEX CYPH-USD
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
Bybit CYPHUSDT
edgeX CYPHUSDC
Aftermath Perps CYPHUSD