Settings8H · net · $10k
Funding arb · Price arb /

CFG

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h +0.007%
Price spread now: Extended against BloFin−0.098%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1571.568% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.046%+$5 on $10k
Price spread, last 4 days (all we have)+0.394%+$39 · spread now −0.098%, 7d avg −0.032%
Together, before fees+0.440%+ Points / potential airdropExtended: Active · farm board+$44 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.066% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.032%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin CFG-USDT0.13880.0156pay 0.0078% / 4h25m 13s$196K$34K50x
ShortExtended CFG-USD0.13870.0104get 0.0013% / 1h25m 13s$29K$295K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$10.96
Price spread: −0.098% → −0.032%
−$6.62
Slippage, 4 orders
−$139.77
Fee BloFin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$174.36
Costs to cover
1.568%
Break-even
never at this rate
Slippage from BloFin: live order book, 5 min ago; Extended: live order book, 32 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 5 min ago10.78 bp30.3 bp −$30103.4 bp −$1,034doesn't fitdoesn't fit
Sell Extended live order book, 32 min ago6.48 bp49.7 bp −$50doesn't fitdoesn't fitdoesn't fit

CFG on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_CFGUSD−0.1799%1h0.1386−0.135%$11K$5K10xas long as short
Aster CFGUSDT+0.0100%4h0.1386−0.141%$11K$41K10xas long as short
Binance CFGUSDT+0.0100%4h0.1387−0.072%$3.0M$8.0M50xas long as short
Bybit CFGUSDT+0.0100%4h0.1384−0.288%$2.0M$2.0M25xas long as short
Gate CFG_USDT+0.0100%4h0.1387−0.086%$549K$335K20xas long as short
MEXC CFG_USDT+0.0100%4h0.1386−0.144%$371K$141K20xas long as short
KuCoin CFGUSDTM+0.0100%4h0.1387−0.072%$434K$137K20xas long as short
Bitget CFGUSDT+0.0100%4h0.1386−0.122%$975K$882K20xas long as short
BingX CFG-USDT+0.0100%4h0.1385−0.216%$1.7Mas long as short
SunX CFG-USDT+0.0100%4h0.1386−0.144%$2K$1.2M20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended CFG-USDshort+0.0104%1h0.1387−0.098%$29K$295K5x
BloFin CFG-USDTlong+0.0156%4h0.1388long leg$196K$34K50x