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

CFX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget+0.037%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1041.042% of the position
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+0.068%+$7 · spread now +0.037%, 7d avg +0.075%
Together, before fees+0.071%+$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: Bybit is 0.038% 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 +0.075%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget CFXUSDT0.053810.0100pay 0.0100% / 8h7h 49m$1.6M$1.5M75x
ShortBybit CFXUSDT0.053830.0100get 0.0100% / 8h7h 49m$2.4M$1.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: +0.037% → +0.075%
−$3.77
Slippage, 4 orders
−$81.24
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$108.01
Costs to cover
1.042%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; Bybit: live order book, 2 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 Bitget live order book, 2 min ago3.72 bp19.5 bp −$1957.3 bp −$573doesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago2.79 bp33.6 bp −$34317.3 bp −$3,173doesn't fitdoesn't fit

CFX on 16 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
Aster CFXUSDT+0.0100%8h0.05379−0.044%$5K$47K5xas long as short
Binance CFXUSDT+0.0100%8h0.05381−0.004%$5.4M$10.9M75xas long as short
Bybit CFXUSDTshort+0.0100%8h0.05383+0.037%$2.4M$1.8M25x
OKX CFX-USDT-SWAP+0.0100%8h0.05375−0.112%$2.5M$6.1M20xas long as short
Gate CFX_USDT+0.0100%8h0.05378−0.056%$1.1M$2.8M50xas long as short
MEXC CFX_USDT+0.0100%8h0.05382+0.019%$3.4M$1.8M125xas long as short
KuCoin CFXUSDTM+0.0100%8h0.053810.000%$887K$290K75xas long as short
Bitget CFXUSDTlong+0.0100%8h0.05381long leg$1.6M$1.5M75x
BingX CFX-USDT+0.0100%8h0.05384+0.056%$20.7Mas long as short
Variational Omni CFX+0.0100%8h0.05380−0.025%$38K$41Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05387+0.109%$511K$1.9M10xas long as short
Extended CFX-USD+0.0104%1h0.05380−0.028%$295$271K10xas long as short
Coinbase International CFX-PERP-INTX+0.0384%1h0.05408+0.502%$35K$156K50xas long as short
Hyperliquid CFX+0.0680%1h0.05390+0.164%$3.2M$381K5xas long as short
Kraken Futures PF_CFXUSD+0.0852%1h0.05386+0.100%$33K$23K20xas long as short
Deribit CFX_USDC-PERPETUAL+0.2725%1h0.05394+0.242%$142$2910xas long as short