Funding you earn now, next payment 23:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h +0.076%
Price spread now: Coinbase International against Binance−0.089%7-day average +0.206% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$780.779% of the position
Funding, last 7 days+0.309%+$31 on $10k
+Price spread, last 3 days (all we have)+0.113%+$11 · spread now −0.089%, 7d avg +0.206%
=Funding pays, the price is against you. Coinbase International is 0.295% cheaper against Binance than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of +0.206%). If the spread goes back, that is −$30 on $10k: about 3.3 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.309% in total) that is about 6.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CFXUSDT | 0.05366 | 0.0100 | pay 0.0100% / 8h | 58m 35s | $5.4M | $11.2M | 75x |
| Short | Coinbase International CFX-PERP-INTX | 0.05361 | 0.0400 | get 0.0050% / 1h | 58m 35s | $35K | $197K | 50x |
Binance CFXUSDT
Coinbase International CFX-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Binance. 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
- $63
- Price spread: −0.089% → +0.206%
- −$29.51
- Slippage, 4 orders
- −$57.87
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$44.38
- Costs to cover
- 0.779%
- Break-even
- 11.9 days
Slippage from Binance: live order book, 11 min ago; Coinbase International: live order book, 19 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 Binance live order book, 11 min ago | 0.94 bp | 16.2 bp −$16 | 54.3 bp −$543 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 19 min ago | 14.99 bp | 21.7 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
CFX on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CFX_USDT | +0.0082% | 8h | 0.05361 | −0.089% | $1.1M | $2.9M | 50x | as long as short |
| Aster CFXUSDT | +0.0100% | 8h | 0.05363 | −0.048% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDTlong | +0.0100% | 8h | 0.05366 | long leg | $5.4M | $11.2M | 75x | |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05368 | +0.041% | $2.4M | $1.8M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05364 | −0.033% | $2.5M | $6.3M | 20x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05365 | −0.015% | $3.4M | $1.7M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05356 | −0.182% | $887K | $296K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05367 | +0.023% | $1.6M | $1.6M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05364 | −0.033% | — | $20.7M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05353 | −0.233% | $38K | $41K | — | as long as short |
Gate CFX_USDT
Aster CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05352 | −0.256% | $512K | $1.9M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05362 | −0.073% | $133 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTXshort | +0.0400% | 1h | 0.05361 | −0.089% | $35K | $197K | 50x | |
| Hyperliquid CFX | +0.0743% | 1h | 0.05381 | +0.285% | $3.2M | $404K | 5x | as long as short |
| Kraken Futures PF_CFXUSD | +0.1109% | 1h | 0.05364 | −0.041% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.1989% | 1h | 0.05372 | +0.116% | $142 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Hyperliquid CFX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL