Settings8H · net · $10k
Funding arb · Price arb /

CYPH

RWAall CYPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: QFEX against HTX−0.233%7-day average −1.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 2 days (all we have)0.000%$0 on $10k
Price spread, last 2 days (all we have)+0.803%+$80 · spread now −0.233%, 7d avg −1.010%
Together, before fees+0.803%+$80 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.778% dearer against HTX than usual: you sell high and buy low, +$78 on $10k if it goes back to its 7-day average of −1.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX CYPH-USDT3.43800get 0.0000% / 8h51m 23s$8K$358K20x
ShortQFEX CYPH-USD3.43000get 0.0000% / 1h51m 23s$2.1M$344K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX against HTX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.233% → −1.010%
$77.77
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee QFEX: 5 bp × 2 orders
−$10
Net
$55.77
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: HTX: live order book, 51 min ago; QFEX: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 51 min ago46.85 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell QFEX live order book, 6 min ago29.16 bp34.2 bp −$3452.4 bp −$524doesn't fitdoesn't fit

CYPH on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX CYPHUSDC−0.0243%4h3.4373−0.021%$14K10xas long as short
QFEX CYPH-USDshort0.0000%1h3.4300−0.233%$2.1M$344K10x
Gate CYPH_USDT0.0000%8h3.4320−0.175%$36K$55K20xas long as short
Bitget CYPHUSDT0.0000%8h3.4386+0.017%$44K$630K20xas long as short
SunX CYPH-USDT0.0000%8h3.4360−0.058%$4.4M10xas long as short
HTX CYPH-USDTlong0.0000%8h3.4380long leg$8K$358K20x
Phemex CYPHUSDT0.0000%8h3.4400+0.058%$146K$235K10xas long as short
Bybit CYPHUSDT+0.0401%8h3.4400+0.058%$31K$403K25xas long as short
Binance CYPHUSDT+0.0736%8h3.4381+0.004%$251K$2.8M20xas long as short
Aftermath Perps CYPHUSD+0.2366%1h3.5629+3.633%$620$19K3xas long as short