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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against Phemex+0.146%7-day average +0.108% · you sell dearer than you buy
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)−0.068%−$7 · spread now +0.146%, 7d avg +0.108%
Together, before fees−0.068%−$7 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: HTX is 0.038% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.108%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex CYPHUSDT3.42200get 0.0000% / 8h2h 08m$143K$238K10x
ShortHTX CYPH-USDT3.42700get 0.0000% / 8h2h 08m$8K$360K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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: +0.146% → +0.108%
$3.76
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$20.24
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Phemex: live order book, 39 min ago; HTX: live order book, 40 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 Phemex live order book, 39 min ago1.49 bp49.5 bp −$49doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 40 min ago40.27 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

CYPH on 9 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
Bitget CYPHUSDT−0.0329%8h3.4137−0.243%$45K$628K20xas long as short
Bybit CYPHUSDT0.0000%8h3.4180−0.117%$27K$389K25xas long as short
QFEX CYPH-USD0.0000%1h3.4200−0.058%$2.1M$343K10xas long as short
Gate CYPH_USDT0.0000%8h3.4260+0.117%$36K$55K20xas long as short
SunX CYPH-USDT0.0000%8h3.42200.000%$4.5M10xas long as short
HTX CYPH-USDTshort0.0000%8h3.4270+0.146%$8K$360K20x
Phemex CYPHUSDTlong0.0000%8h3.4220long leg$143K$238K10x
Binance CYPHUSDT+0.0087%8h3.4210−0.029%$252K$2.8M20xas long as short
Aftermath Perps CYPHUSD+0.2368%1h3.5648+4.172%$569$20K3xas long as short