Funding you earn now, next payment 16:00 UTC+0.0627%/8h= +68.7% APRnext payment +$6.27 per $10,000 · paid last 24h +0.155%
Price spread now: Binance against Phemex0.000%7-day average +0.006% · 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−$237as in the Price arb table
costs, in and out, $10k−$2372.368% of the position
Funding, last 3 days (all we have)+0.268%+$27 on $10k
+Price spread, last 2 days (all we have)−0.340%−$34 · spread now 0.000%, 7d avg +0.006%
=The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$19 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex CYPHUSDT | 3.4290 | 0 | get 0.0000% / 8h | 7h 36m | $147K | $231K | 10x |
| Short | Binance CYPHUSDT | 3.4290 | 0.0627 | get 0.0627% / 8h | 7h 36m | $247K | $2.7M | 20x |
Phemex CYPHUSDT
Binance CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- $131.67
- Price spread: 0.000% → +0.006%
- −$0.61
- Slippage, 4 orders
- −$214.76
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$105.7
- Costs to cover
- 2.368%
- Break-even
- 12.6 days
Slippage from Phemex: live order book, 60 min ago; Binance: live order book, 13 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 Phemex live order book, 60 min ago | 14.49 bp | 66.4 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 8.74 bp | 41.7 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CYPHUSDC | −0.0464% | 4h | 3.4281 | −0.028% | — | $24K | 10x | as long as short |
| Bybit CYPHUSDT | 0.0000% | 8h | 3.4380 | +0.262% | $32K | $407K | 25x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4330 | +0.117% | $36K | $56K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4337 | +0.137% | $46K | $625K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4240 | −0.146% | — | $4.1M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4260 | −0.087% | $8K | $358K | 20x | as long as short |
| Phemex CYPHUSDTlong | 0.0000% | 8h | 3.4290 | long leg | $147K | $231K | 10x | |
| QFEX CYPH-USD | +0.0001% | 1h | 3.3900 | −1.137% | $2.0M | $332K | 10x | as long as short |
| Binance CYPHUSDTshort | +0.0627% | 8h | 3.4290 | 0.000% | $247K | $2.7M | 20x | |
| Aftermath Perps CYPHUSD | +0.2365% | 1h | 3.5647 | +3.959% | $529 | $20K | 3x | as long as short |
edgeX CYPHUSDC
Bybit CYPHUSDT
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
QFEX CYPH-USD
Aftermath Perps CYPHUSD