Funding you earn now, next payment 07:00 UTC−0.0130%/8h= −14.3% APRpaid last 24h −0.276%
Price spread now: Bitget against QFEX+0.592%7-day average +0.609% · 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−$310as in the Price arb table
costs, in and out, $10k−$3083.083% of the position
Funding, last 4 days (all we have)−0.231%−$23 on $10k
+Price spread, last 4 days (all we have)−0.329%−$33 · spread now +0.592%, 7d avg +0.609%
=The price spread sits at its 7-day average of +0.609%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX CYPH-USD | 3.4100 | −0.0028 | get 0.0003% / 1h | 54m 01s | $2.1M | $350K | 10x |
| Short | Bitget CYPHUSDT | 3.4302 | −0.0158 | pay 0.0158% / 8h | 1h 54m | $44K | $627K | 20x |
QFEX CYPH-USD
Bitget CYPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$27.4
- Price spread: +0.592% → +0.609%
- −$1.69
- Slippage, 4 orders
- −$286.28
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$337.37
- Costs to cover
- 3.083%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 3 min ago; Bitget: live order book, 51 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, 3 min ago | 14.64 bp | 100.8 bp −$101 | 106.8 bp −$1,068 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 51 min ago | 13.81 bp | 83.9 bp −$84 | 96.4 bp −$964 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CYPHUSDTshort | −0.0158% | 8h | 3.4302 | +0.592% | $44K | $627K | 20x | |
| QFEX CYPH-USDlong | −0.0028% | 1h | 3.4100 | long leg | $2.1M | $350K | 10x | |
| Bybit CYPHUSDT | 0.0000% | 8h | 3.4280 | +0.528% | $28K | $389K | 25x | as long as short |
| Gate CYPH_USDT | 0.0000% | 8h | 3.4260 | +0.469% | $36K | $54K | 20x | as long as short |
| SunX CYPH-USDT | 0.0000% | 8h | 3.4250 | +0.440% | — | $4.5M | 10x | as long as short |
| HTX CYPH-USDT | 0.0000% | 8h | 3.4260 | +0.469% | $8K | $358K | 20x | as long as short |
| Phemex CYPHUSDT | 0.0000% | 8h | 3.4270 | +0.499% | $144K | $238K | 10x | as long as short |
| Binance CYPHUSDT | +0.0162% | 8h | 3.4230 | +0.381% | $249K | $2.8M | 20x | as long as short |
| Aftermath Perps CYPHUSD | +0.2371% | 1h | 3.5648 | +4.538% | $572 | $19K | 3x | as long as short |
Bybit CYPHUSDT
Gate CYPH_USDT
SunX CYPH-USDT
HTX CYPH-USDT
Phemex CYPHUSDT
Binance CYPHUSDT
Aftermath Perps CYPHUSD