Settings8H · net · $10k
Funding arb · Price arb /

CYPH

RWAall CYPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: SunX against QFEX+0.118%7-day average +0.884% · 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)−0.508%−$51 · spread now +0.118%, 7d avg +0.884%
Together, before fees−0.508%−$51 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: SunX is 0.766% cheaper against QFEX than usual: you would sell low and buy high, −$77 on $10k if it goes back to its 7-day average of +0.884%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX CYPH-USD3.39000.0000pay 0.0000% / 1h11m 38s$2.0M$328K10x
ShortSunX CYPH-USDT3.39400get 0.0000% / 8h6h 11m$3.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against QFEX. 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
−$0.02
Price spread: +0.118% → +0.884%
−$76.63
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$94.65
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: QFEX: live order book, 4 min ago; SunX: live order book, 10 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 QFEX live order book, 4 min ago14.77 bp72.1 bp −$7278.2 bp −$782doesn't fitdoesn't fit
Sell SunX live order book, 10 min ago32.42 bp99.4 bp −$99doesn't fitdoesn't fitdoesn't fit

CYPH on 10 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX CYPHUSDC−0.0058%4h3.3802−0.288%$67$36K10xas long as short
Bybit CYPHUSDT0.0000%8h3.4020+0.354%$38K$425K25xas long as short
Gate CYPH_USDT0.0000%8h3.3980+0.236%$36K$55K20xas long as short
Bitget CYPHUSDT0.0000%8h3.4008+0.319%$45K$647K20xas long as short
SunX CYPH-USDTshort0.0000%8h3.3940+0.118%$3.7M10x
HTX CYPH-USDT0.0000%8h3.3950+0.147%$8K$357K20xas long as short
Phemex CYPHUSDT0.0000%8h3.3950+0.147%$147K$225K10xas long as short
QFEX CYPH-USDlong0.0000%1h3.3900long leg$2.0M$328K10x
Binance CYPHUSDT+0.0268%8h3.4000+0.295%$244K$2.7M20xas long as short
Aftermath Perps CYPHUSD+0.2377%1h3.5648+5.155%$578$20K3xas long as short