Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.276%
Price spread now: Bitget against Phemex−0.006%7-day average +0.205% · 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−$237as in the Price arb table
costs, in and out, $10k−$2162.159% of the position
Funding, last 2 days (all we have)−0.276%−$28 on $10k
+Price spread, last 2 days (all we have)+0.403%+$40 · spread now −0.006%, 7d avg +0.205%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.211% cheaper against Phemex than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.205%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex CYPHUSDT | 3.4140 | 0 | get 0.0000% / 8h | 4h 13m | $136K | $231K | 10x |
| Short | Bitget CYPHUSDT | 3.4138 | 0 | get 0.0000% / 8h | 4h 13m | $66K | $614K | 20x |
Phemex CYPHUSDT
Bitget CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $0
- Price spread: −0.006% → +0.205%
- −$21.14
- Slippage, 4 orders
- −$191.94
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$237.07
- Costs to cover
- 2.159%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 44 min ago; Bitget: 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 Phemex live order book, 44 min ago | 2.93 bp | 41.5 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 41 min ago | 6.28 bp | 60.5 bp −$60 | 96.2 bp −$962 | 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 CYPHUSDT | 0.0000% | 8h | 3.4280 | +0.410% | $73K | $309K | 25x | as long as short |
| QFEX CYPH-USD | 0.0000% | 1h | 3.4100 | −0.117% | $2.0M | $366K | 10x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4250 | +0.322% | $36K | $60K | 20x | as long as short |
| Bitget CYPHUSDTshort | 0.0000% | 8h | 3.4138 | −0.006% | $66K | $614K | 20x | |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4180 | +0.117% | — | $4.7M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4180 | +0.117% | $5K | $352K | 20x | as long as short |
| Phemex CYPHUSDTlong | 0.0000% | 8h | 3.4140 | long leg | $136K | $231K | 10x | |
| Binance CYPHUSDT | +0.0677% | 8h | 3.4140 | 0.000% | $248K | $2.7M | 20x | as long as short |
| Aftermath Perps CYPHUSD | +0.2343% | 1h | 3.5648 | +4.416% | $570 | $20K | 3x | as long as short |
Bybit CYPHUSDT
QFEX CYPH-USD
Gate CYPH_USDT
SunX CYPH-USDT
HTX CYPH-USDT
Binance CYPHUSDT
Aftermath Perps CYPHUSD