CYPH funding rates and arbitrage
CYPH perpetuals trade on 9 contracts across 9 venues, forming 36 cross-venue arbitrage pairs. By net APR the current best pair is long Gate against short Bybit, netting +240.98%, with both legs settling on the same cadenceใ
CYPH perpetual funding rates by venue
APR = current rate ร (24 รท settlement interval) ร 365. Venues settle on different cadences, so rates must be annualised before comparing.
| Venue | Contract | Margin | Settlement | Current rate | APR | 24h avg APR | 24h volume | Mark |
|---|---|---|---|---|---|---|---|---|
| LBank | CYPHUSDT | USDT | 8h | 0.0000% | 0.00% | +0.69% | $815K | 2.546 |
| KuCoin | CYPHUSDTM | USDT | 8h | 0.0730% | +79.94% | +5.40% | $786K | 2.544 |
| OKX | CYPH-USDT-SWAP | USDT | 8h | 0.0155% | +16.93% | +3.28% | $597K | 2.548 |
| Bitget | CYPHUSDT | USDT | 8h | 0.1016% | +111.25% | +67.74% | $587K | 2.542 |
| HTX | CYPH-USDT | USDT | 8h | 0.0000% | 0.00% | 0.00% | $118K | 2.547 |
| MEXC | CYPHSTOCK_USDT | USDT | 8h | 0.0000% | 0.00% | +3.47% | $108K | 2.541 |
| Bybit | CYPHUSDT | USDT | 8h | 0.2201% | +240.98% | +26.80% | $102K | 2.544 |
| Gate | CYPH_USDT | USDT | 8h | 0.0000% | 0.00% | +0.60% | $39K | 2.539 |
| Crypto.com | CYPHUSD-PERP | USD | 4h | 0.0140% | +30.60% | +43.89% | $3K | 2.550 |
CYPH cross-venue arbitrage pairs
Short the higher-APR leg and go long the lower one; net APR = short leg โ long leg.
| Long | Short | Net APR | Daily | 24h avg | Settlement | Liquidity |
|---|---|---|---|---|---|---|
| Gate USDT | Bybit USDT | +240.98% | 0.6602% | +26.20% | 8h matched | $39K |
| HTX USDT | Bybit USDT | +240.98% | 0.6602% | +26.80% | 8h matched | $102K |
| LBank USDT | Bybit USDT | +240.98% | 0.6602% | +26.11% | 8h matched | $102K |
| MEXC USDT | Bybit USDT | +240.98% | 0.6602% | +23.33% | 8h matched | $102K |
| OKX USDT | Bybit USDT | +224.04% | 0.6138% | +23.52% | 8h matched | $102K |
| Crypto.com USD | Bybit USDT | +210.38% | 0.5764% | -17.08% | 4h / 8h | $3K |
| KuCoin USDT | Bybit USDT | +161.04% | 0.4412% | +21.40% | 8h matched | $102K |
| Bitget USDT | Bybit USDT | +129.72% | 0.3554% | -40.94% | 8h matched | $102K |
| Gate USDT | Bitget USDT | +111.25% | 0.3048% | +67.14% | 8h matched | $39K |
| HTX USDT | Bitget USDT | +111.25% | 0.3048% | +67.74% | 8h matched | $118K |
| LBank USDT | Bitget USDT | +111.25% | 0.3048% | +67.05% | 8h matched | $587K |
| MEXC USDT | Bitget USDT | +111.25% | 0.3048% | +64.27% | 8h matched | $108K |
Cypher project profile
- Total
- 1.00B
- Max supply
- 1.00B
- Type
- Token
- Market cap rank
- #4605
0xa279ca693d66fe65ba0062d0218578f424249dfdAbout
Cypher is the market infrastructure for Ethereum Layer 1, built for and owned by its users. Liquidity is the lifeblood for capital markets, and for too long it has been controlled by misaligned actors. Cypher powers the markets where capital is raised, traded, and distributed. A complete stack of liquidity and capital formation products, combining a v4 AMM, ICO platform, permissionless launchpad, and a whole suite of tooling. The protocol is designed to support Ethereum native builders, rewarding and distributing ownership to its users.
Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.
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