Funding you earn now, next payment 00:00 UTC+0.0736%/8h= +80.6% APRnext payment +$7.36 per $10,000 · paid last 24h +0.113%
Price spread now: Binance against SunX−0.029%56s7-day average −0.052% · 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—prices read too far apart to compare
costs, in and out, $10k−$2522.517% of the position
Funding, last 2 days (all we have)+0.113%+$11 on $10k
+Price spread, last 2 days (all we have)+0.023%+$2 · spread now −0.029%, 7d avg −0.052%
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Binance is 0.023% dearer against SunX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.052%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 2 days it paid 0.113% in total (about 21.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX CYPH-USDT | 3.4020 | 0 | get 0.0000% / 8h | 44m 21s | — | $6.0M | 10x |
| Short | Binance CYPHUSDT | 3.4010 | 0.0736 | get 0.0736% / 8h | 44m 21s | $211K | $3.1M | 20x |
SunX CYPH-USDT
Binance CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against SunX. 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
- $154.59
- Price spread: −0.029% → −0.052%
- $2.29
- Slippage, 4 orders
- −$233.75
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$94.87
- Costs to cover
- 2.517%
- Break-even
- 11.3 days
Slippage from SunX: live order book, 4 min ago; Binance: live order book, 6 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 SunX live order book, 4 min ago | 33.82 bp | 70.7 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 10.31 bp | 40.9 bp −$41 | 523.2 bp −$5,232 | 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 | 3.4050 | +0.088% | $36K | $204K | 25x | as long as short |
| QFEX CYPH-USD | 0.0000% | 1h | 3.3900 | −0.353% | $2.0M | $432K | 10x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4010 | −0.029% | $36K | $109K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4083 | +0.185% | $56K | $595K | 20x | as long as short |
| SunX CYPH-USDTlong | 0.0000% | 8h | 3.4020 | long leg | — | $6.0M | 10x | |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4030 | +0.029% | $5K | $359K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4020 | 0.000% | $125K | $259K | 10x | as long as short |
| Aftermath Perps CYPHUSD | +0.0489% | 1h | 3.4904 | +2.599% | $519 | $22K | 3x | as long as short |
| Binance CYPHUSDTshort | +0.0736% | 8h | 3.4010 | −0.029% | $211K | $3.1M | 20x |
Bybit CYPHUSDT
QFEX CYPH-USD
Gate CYPH_USDT
Bitget CYPHUSDT
HTX CYPH-USDT
Phemex CYPHUSDT
Aftermath Perps CYPHUSD