Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Gate+0.205%7-day average +0.076% · 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−$374as in the Price arb table
costs, in and out, $10k−$3873.869% of the position
Funding, last 2 days (all we have)0.000%$0 on $10k
+Price spread, last 2 days (all we have)−0.530%−$53 · spread now +0.205%, 7d avg +0.076%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.129% dearer against Gate than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.076%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CYPH_USDT | 3.4220 | 0 | get 0.0000% / 8h | 7h 01m | $36K | $73K | 20x |
| Short | Phemex CYPHUSDT | 3.4290 | 0 | get 0.0000% / 8h | 7h 01m | $130K | $240K | 10x |
Gate CYPH_USDT
Phemex CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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: +0.205% → +0.076%
- $12.86
- Slippage, 4 orders
- −$359.91
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$374.05
- Costs to cover
- 3.869%
- Break-even
- never at this rate
Slippage from Gate: live order book, 64 min ago; Phemex: 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 Gate live order book, 64 min ago | 59.45 bp | 99.3 bp −$99 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 18.87 bp | 69.4 bp −$69 | 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 | −0.0051% | 8h | 3.4150 | −0.205% | $17K | $233K | 25x | as long as short |
| QFEX CYPH-USD | 0.0000% | 1h | 3.4400 | +0.526% | $2.1M | $409K | 10x | as long as short |
| Gate CYPH_USDTlong | 0.0000% | 8h | 3.4220 | long leg | $36K | $73K | 20x | |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4313 | +0.272% | $60K | $551K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4420 | +0.584% | — | $5.4M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4430 | +0.614% | $5K | $359K | 20x | as long as short |
| Phemex CYPHUSDTshort | 0.0000% | 8h | 3.4290 | +0.205% | $130K | $240K | 10x | |
| Binance CYPHUSDT | +0.0945% | 8h | 3.4293 | +0.212% | $223K | $2.8M | 20x | as long as short |
| Aftermath Perps CYPHUSD | +0.1756% | 1h | 3.5647 | +4.171% | $529 | $21K | 3x | as long as short |
Bybit CYPHUSDT
QFEX CYPH-USD
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Binance CYPHUSDT
Aftermath Perps CYPHUSD