Funding you earn now, next payment 07:00 UTC+0.0645%/8h= +70.7% APRpaid last 24h +0.198%
Price spread now: Binance against QFEX+0.262%7-day average +0.590% · 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−$704as in the Price arb table
costs, in and out, $10k−$6716.713% of the position
Funding, last 4 days (all we have)+0.423%+$42 on $10k
+Price spread, last 4 days (all we have)+0.389%+$39 · spread now +0.262%, 7d avg +0.590%
=Funding pays, the price is against you. Binance is 0.328% cheaper against QFEX than usual: you would sell low and buy high (spread +0.262% now, against its 7-day average of +0.590%). If the spread goes back, that is −$33 on $10k: about 41 hours of funding at the current rate (+$19 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX CYPH-USD | 3.4300 | −0.0028 | get 0.0003% / 1h | 15m 00s | $2.1M | $349K | 10x |
| Short | Binance CYPHUSDT | 3.4390 | 0.0618 | get 0.0618% / 8h | 1h 15m | $251K | $2.8M | 20x |
QFEX CYPH-USD
Binance CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against QFEX. 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
- $135.55
- Price spread: +0.262% → +0.590%
- −$32.79
- Slippage, 4 orders
- −$651.32
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$568.56
- Costs to cover
- 6.713%
- Break-even
- 36.4 days
Slippage from QFEX: live order book, 2 min ago; Binance: live order book, 5 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 QFEX live order book, 2 min ago | 248.18 bp | 280.1 bp −$280 | 289.4 bp −$2,894 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 11.63 bp | 35.3 bp −$35 | 358.5 bp −$3,585 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX CYPH-USDlong | −0.0028% | 1h | 3.4300 | long leg | $2.1M | $349K | 10x | |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4360 | +0.175% | $37K | $55K | 20x | as long as short |
| Bitget CYPHUSDT | 0.0000% | 8h | 3.4386 | +0.251% | $44K | $627K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4380 | +0.233% | — | $4.4M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4400 | +0.292% | $7K | $357K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4330 | +0.087% | $145K | $237K | 10x | as long as short |
| Bybit CYPHUSDT | +0.0242% | 8h | 3.4380 | +0.233% | $31K | $401K | 25x | as long as short |
| Binance CYPHUSDTshort | +0.0618% | 8h | 3.4390 | +0.262% | $251K | $2.8M | 20x | |
| Aftermath Perps CYPHUSD | +0.2376% | 1h | 3.5648 | +3.929% | $529 | $20K | 3x | as long as short |
Gate CYPH_USDT
Bitget CYPHUSDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
Bybit CYPHUSDT
Aftermath Perps CYPHUSD