Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: QFEX against Phemex−0.376%7-day average −1.061% · 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−$147as in the Price arb table
costs, in and out, $10k−$2152.152% of the position
Funding, last 2 days (all we have)+0.001%$0 on $10k
+Price spread, last 2 days (all we have)+0.180%+$18 · spread now −0.376%, 7d avg −1.061%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.685% dearer against Phemex than usual: you sell high and buy low, +$68 on $10k if it goes back to its 7-day average of −1.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex CYPHUSDT | 3.4530 | 0 | get 0.0000% / 8h | 7h 23m | $130K | $243K | 10x |
| Short | QFEX CYPH-USD | 3.4400 | 0 | get 0.0000% / 1h | 23m 12s | $2.1M | $430K | 10x |
Phemex CYPHUSDT
QFEX CYPH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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: −0.376% → −1.061%
- $68.47
- Slippage, 4 orders
- −$193.22
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$146.74
- Costs to cover
- 2.152%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 49 min ago; QFEX: live order book, 4 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, 49 min ago | 14.45 bp | 54.5 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 29.07 bp | 34.1 bp −$34 | 51.2 bp −$512 | 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 | −0.0914% | 8h | 3.4390 | −0.405% | $18K | $232K | 25x | as long as short |
| QFEX CYPH-USDshort | 0.0000% | 1h | 3.4400 | −0.376% | $2.1M | $430K | 10x | |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4330 | −0.579% | $36K | $73K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4479 | −0.148% | $57K | $553K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4550 | +0.058% | — | $5.5M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4550 | +0.058% | $5K | $359K | 20x | as long as short |
| Phemex CYPHUSDTlong | 0.0000% | 8h | 3.4530 | long leg | $130K | $243K | 10x | |
| Binance CYPHUSDT | +0.0800% | 8h | 3.4540 | +0.030% | $222K | $2.9M | 20x | as long as short |
| Aftermath Perps CYPHUSD | +0.1516% | 1h | 3.5504 | +2.821% | $593 | $22K | 3x | as long as short |
Bybit CYPHUSDT
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Binance CYPHUSDT
Aftermath Perps CYPHUSD