Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Phemex against QFEX+0.378%7-day average +1.061% · 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−$284as 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)−0.181%−$18 · spread now +0.378%, 7d avg +1.061%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.683% cheaper against QFEX than usual: you would sell low and buy high, −$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 | QFEX CYPH-USD | 3.4400 | 0 | get 0.0000% / 1h | 22m 50s | $2.1M | $430K | 10x |
| Short | Phemex CYPHUSDT | 3.4530 | 0 | get 0.0000% / 8h | 7h 22m | $130K | $243K | 10x |
QFEX CYPH-USD
Phemex CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against QFEX. 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: +0.378% → +1.061%
- −$68.33
- Slippage, 4 orders
- −$193.22
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$283.55
- Costs to cover
- 2.152%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 4 min ago; Phemex: live order book, 49 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 QFEX live order book, 4 min ago | 29.07 bp | 60.9 bp −$61 | 62.9 bp −$629 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 49 min ago | 14.45 bp | 65.8 bp −$66 | doesn't fit | 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 | −0.029% | $18K | $232K | 25x | as long as short |
| QFEX CYPH-USDlong | 0.0000% | 1h | 3.4400 | long leg | $2.1M | $430K | 10x | |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4330 | −0.203% | $36K | $73K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4491 | +0.265% | $57K | $553K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4550 | +0.436% | — | $5.5M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4550 | +0.436% | $5K | $359K | 20x | as long as short |
| Phemex CYPHUSDTshort | 0.0000% | 8h | 3.4530 | +0.378% | $130K | $243K | 10x | |
| Binance CYPHUSDT | +0.0808% | 8h | 3.4546 | +0.424% | $222K | $2.9M | 20x | as long as short |
| Aftermath Perps CYPHUSD | +0.1516% | 1h | 3.5504 | +3.210% | $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