Funding arb · Price arb /

CFX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bitget0.000%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$590.587% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days+0.067%+$7 · spread now 0.000%, 7d avg +0.041%

Together, before fees+0.069%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.041% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CFXUSDT	0.05351	0.0100	pay 0.0100% / 8h	1h 41m	$1.6M	$1.6M	75x
Short	BingX CFX-USDT	0.05351	0.0100	get 0.0100% / 8h	1h 41m	—	$20.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.041%: −$4.13
Slippage, 4 orders: −$36.71
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$62.84
Costs to cover: 0.587%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 12 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 Bitget live order book, 5 min ago	3.75 bp	20.0 bp −$20	62.7 bp −$627	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	1.87 bp	9.2 bp −$9	12.3 bp −$123	37.3 bp −$3,733	294.2 bp −$147.1K

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	+0.0031%	8h	0.05350	−0.019%	$1.1M	$3.0M	50x	as long as short
Aster CFXUSDT	+0.0100%	8h	0.05352	+0.026%	$5K	$47K	5x	as long as short
Binance CFXUSDT	+0.0100%	8h	0.05355	+0.074%	$5.4M	$11.2M	75x	as long as short
Bybit CFXUSDT	+0.0100%	8h	0.05355	+0.075%	$2.4M	$1.8M	25x	as long as short
OKX CFX-USDT-SWAP	+0.0100%	8h	0.05354	+0.056%	$2.5M	$6.3M	20x	as long as short
MEXC CFX_USDT	+0.0100%	8h	0.05354	+0.056%	$3.4M	$1.8M	125x	as long as short
KuCoin CFXUSDTM	+0.0100%	8h	0.05352	+0.019%	$886K	$297K	75x	as long as short
Bitget CFXUSDTlong	+0.0100%	8h	0.05351	long leg	$1.6M	$1.6M	75x
BingX CFX-USDTshort	+0.0100%	8h	0.05351	0.000%	—	$20.7M	—
Variational Omni CFX	+0.0100%	8h	0.05338	−0.243%	$37K	$41K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CFX_USDT_Perp	+0.0100%	8h	0.05348	−0.056%	$512K	$2.0M	10x	as long as short
Extended CFX-USD	+0.0104%	1h	0.05352	+0.020%	$132	$253K	10x	as long as short
Coinbase International CFX-PERP-INTX	+0.0392%	1h	0.05366	+0.280%	$35K	$197K	50x	as long as short
Hyperliquid CFX	+0.0727%	1h	0.05366	+0.275%	$3.2M	$406K	5x	as long as short
Kraken Futures PF_CFXUSD	+0.2042%	1h	0.05361	+0.191%	$33K	$23K	20x	as long as short
Deribit CFX_USDC-PERPETUAL	+0.2178%	1h	0.05367	+0.299%	$142	$29	10x	as long as short