Funding you earn now, next payment 16:00 UTC+0.0164%/8h= +17.9% APRnext payment +$1.64 per $10,000 · paid last 24h +0.155%
Price spread now: Binance against Bitget−0.105%7-day average −0.002% · 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−$416as in the Price arb table
costs, in and out, $10k−$4064.061% of the position
Funding, last 4 days (all we have)+0.723%+$72 on $10k
+Price spread, last 4 days (all we have)+1.190%+$119 · spread now −0.105%, 7d avg −0.002%
=Funding pays, the price is against you. Binance is 0.103% cheaper against Bitget than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of −0.002%). If the spread goes back, that is −$10 on $10k: about 2.1 days of funding at the current rate (+$5 a day). At the pace of the last 4 days (+0.723% in total) that is about 14 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CYPHUSDT | 3.4416 | 0 | get 0.0000% / 8h | 5h 51m | $46K | $612K | 20x |
| Short | Binance CYPHUSDT | 3.4380 | 0.0164 | get 0.0164% / 8h | 5h 51m | $246K | $2.6M | 20x |
Bitget CYPHUSDT
Binance CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $34.37
- Price spread: −0.105% → −0.002%
- −$10.29
- Slippage, 4 orders
- −$384.15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$382.06
- Costs to cover
- 4.061%
- Break-even
- 84.8 days
Slippage from Bitget: live order book, 56 min ago; Binance: live order book, 7 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 Bitget live order book, 56 min ago | 17.65 bp | 25.5 bp −$26 | 30.2 bp −$302 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 4.37 bp | 42.7 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
CYPH on 10 exchanges
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 | 3.4560 | +0.418% | $41K | $427K | 25x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4290 | −0.366% | $36K | $54K | 20x | as long as short |
| Bitget CYPHUSDTlong | 0.0000% | 8h | 3.4416 | long leg | $46K | $612K | 20x | |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4390 | −0.076% | — | $3.6M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4410 | −0.017% | $7K | $357K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4400 | −0.046% | $150K | $224K | 10x | as long as short |
| QFEX CYPH-USD | +0.0028% | 1h | 3.4300 | −0.337% | $2.1M | $328K | 10x | as long as short |
| Binance CYPHUSDTshort | +0.0164% | 8h | 3.4380 | −0.105% | $246K | $2.6M | 20x | |
| edgeX CYPHUSDC | +0.0497% | 4h | 3.4360 | −0.162% | $147 | $39K | 10x | as long as short |
| Aftermath Perps CYPHUSD | +0.2378% | 1h | 3.5648 | +3.578% | $529 | $20K | 3x | as long as short |
Bybit CYPHUSDT
Gate CYPH_USDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
QFEX CYPH-USD
edgeX CYPHUSDC
Aftermath Perps CYPHUSD