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

CFX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0779%/8h= +85.2% APRpaid last 24h +0.379%
Price spread now: Kraken Futures against Binance+0.095%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Kraken Futures is 0.095% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance CFXUSDT0.053160.0100pay 0.0100% / 8h5h 58m$5.2M$8.5M75x
ShortKraken Futures PF_CFXUSD0.053210.0879get 0.0110% / 1h58m 41s$32K$9K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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
$163.49
Price spread: +0.095% → 0.000%
$9.51
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$153
Costs to cover
0.200%
Break-even
0.4 days
Slippage unknown: Binance: live order book, 4 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 4 min ago1.88 bp12.0 bp −$1238.4 bp −$384doesn't fitdoesn't fit
Sell Kraken Futures no order-book sample
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CFX on 16 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CFXUSDT+0.0100%8h0.05318+0.036%$4K$33K5xas long as short
Binance CFXUSDTlong+0.0100%8h0.05316long leg$5.2M$8.5M75x
Bybit CFXUSDT+0.0100%8h0.05322+0.113%$2.5M$1.2M25xas long as short
OKX CFX-USDT-SWAP+0.0100%8h0.05319+0.056%$2.6M$4.7M20xas long as short
Gate CFX_USDT+0.0100%8h0.05319+0.056%$1.1M$1.7M50xas long as short
MEXC CFX_USDT+0.0100%8h0.053160.000%$3.8M$1.7M125xas long as short
KuCoin CFXUSDTM+0.0100%8h0.05319+0.056%$827K$229K75xas long as short
Bitget CFXUSDT+0.0100%8h0.05314−0.038%$1.6M$1.1M75xas long as short
BingX CFX-USDT+0.0100%8h0.05320+0.075%$22.6Mas long as short
Variational Omni CFX+0.0100%8h0.05319+0.052%$35K$48Kas long as short
Show all 16 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05321+0.093%$504K$1.4M10xas long as short
Extended CFX-USD+0.0104%1h0.05314−0.047%$203$262K10xas long as short
Coinbase International CFX-PERP-INTX+0.0400%1h0.05329+0.245%$36K$109K50xas long as short
Hyperliquid CFX+0.0486%1h0.05330+0.256%$3.2M$389K5xas long as short
Kraken Futures PF_CFXUSDshort+0.0879%1h0.05321+0.095%$32K$9K20x
Deribit CFX_USDC-PERPETUAL+0.1630%1h0.05329+0.245%$141$2910xas long as short