Funding arb · Price arb /

CFG

all CFG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h −0.007%

Price spread now: BloFin against Extended+0.098%54s7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1571.568% of the position

Long on Extended Short on BloFin

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

The price spread pays, funding is against you. BloFin is 0.066% dearer against Extended than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of +0.032%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.0 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CFG-USD	0.1386	0.0104	pay 0.0013% / 1h	26m 03s	$29K	$295K	5x
Short	BloFin CFG-USDT	0.1387	0.0077	get 0.0038% / 4h	26m 03s	$195K	$34K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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

Position, each leg$Hold fordaysFee ExtendedbpFee BloFinbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$5.72
Price spread: +0.098% → +0.032%: $6.58
Slippage, 4 orders: −$139.77
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$155.92
Costs to cover: 1.568%
Break-even: never at this rate

Slippage from Extended: live order book, 31 min ago; BloFin: live order book, 4 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 Extended live order book, 31 min ago	6.48 bp	41.8 bp −$42	365.5 bp −$3,655	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	10.78 bp	34.9 bp −$35	99.6 bp −$996	doesn't fit	doesn't fit

CFG on 12 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
Kraken Futures PF_CFGUSD	−0.1799%	1h	0.1386	−0.010%	$11K	$5K	10x	as long as short
BloFin CFG-USDTshort	+0.0077%	4h	0.1387	+0.098%	$195K	$34K	50x
Aster CFGUSDT	+0.0100%	4h	0.1386	+0.014%	$11K	$41K	10x	as long as short
Binance CFGUSDT	+0.0100%	4h	0.1386	+0.026%	$3.0M	$8.0M	50x	as long as short
Bybit CFGUSDT	+0.0100%	4h	0.1384	−0.119%	$2.0M	$2.0M	25x	as long as short
Gate CFG_USDT	+0.0100%	4h	0.1386	+0.062%	$549K	$335K	20x	as long as short
MEXC CFG_USDT	+0.0100%	4h	0.1386	+0.026%	$371K	$141K	20x	as long as short
KuCoin CFGUSDTM	+0.0100%	4h	0.1387	+0.098%	$434K	$137K	20x	as long as short
Bitget CFGUSDT	+0.0100%	4h	0.1386	+0.047%	$975K	$881K	20x	as long as short
BingX CFG-USDT	+0.0100%	4h	0.1386	+0.026%	—	$1.7M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX CFG-USDT	+0.0100%	4h	0.1386	+0.026%	$2K	$1.2M	20x	as long as short
Extended CFG-USDlong	+0.0104%	1h	0.1386	long leg	$29K	$295K	5x