Funding you earn now, next payment 03:00 UTC−0.0813%/8h= −89.0% APRpaid last 24h −0.198%
Price spread now: QFEX against Binance−0.205%7-day average −0.610% · 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−$148as in the Price arb table
costs, in and out, $10k−$1891.888% of the position
Funding, last 4 days (all we have)−0.423%−$42 on $10k
+Price spread, last 4 days (all we have)−0.634%−$63 · spread now −0.205%, 7d avg −0.610%
=The price spread pays, funding is against you. QFEX is 0.404% dearer against Binance than usual: you sell high and buy low (spread −0.205% now, against its 7-day average of −0.610%): +$40 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 4 days (−0.423% in total) that is about 3.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CYPHUSDT | 3.4070 | 0.0813 | pay 0.0813% / 8h | 5h 28m | $230K | $2.7M | 20x |
| Short | QFEX CYPH-USD | 3.4000 | 0 | get 0.0000% / 1h | 28m 12s | $2.0M | $372K | 10x |
Binance CYPHUSDT
QFEX CYPH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Binance. 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
- −$170.74
- Price spread: −0.205% → −0.610%
- $40.44
- Slippage, 4 orders
- −$168.81
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$319.11
- Costs to cover
- 1.888%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 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 Binance live order book, 7 min ago | 2.93 bp | 43.4 bp −$43 | 505.0 bp −$5,050 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 29.41 bp | 34.4 bp −$34 | 51.8 bp −$518 | 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 | 3.4270 | +0.587% | $72K | $300K | 25x | as long as short |
| QFEX CYPH-USDshort | 0.0000% | 1h | 3.4000 | −0.205% | $2.0M | $372K | 10x | |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4210 | +0.411% | $36K | $63K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4193 | +0.361% | $57K | $596K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4100 | +0.088% | — | $4.8M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4140 | +0.205% | $5K | $355K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4090 | +0.059% | $134K | $230K | 10x | as long as short |
| Binance CYPHUSDTlong | +0.0813% | 8h | 3.4070 | long leg | $230K | $2.7M | 20x | |
| Aftermath Perps CYPHUSD | +0.2251% | 1h | 3.5647 | +4.630% | $529 | $21K | 3x | as long as short |
Bybit CYPHUSDT
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
Aftermath Perps CYPHUSD