Funding you earn now, next payment 00:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.90 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bitget−0.056%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$810.815% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.056%, 7d avg −0.025%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.031% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CFXUSDT | 0.05366 | 0.0100 | pay 0.0100% / 8h | 2h 18m | $1.6M | $1.6M | 75x |
| Short | Gate CFX_USDT | 0.05363 | 0.0010 | get 0.0010% / 8h | 2h 18m | $1.1M | $3.1M | 50x |
Bitget CFXUSDT
Gate CFX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- −$18.9
- Price spread: −0.056% → −0.025%
- −$3.11
- Slippage, 4 orders
- −$54.5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$103.51
- Costs to cover
- 0.815%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Gate: 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 Bitget live order book, 3 min ago | 3.73 bp | 27.6 bp −$28 | 77.0 bp −$770 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 3.74 bp | 14.7 bp −$15 | 25.5 bp −$255 | 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_USDTshort | +0.0010% | 8h | 0.05363 | −0.056% | $1.1M | $3.1M | 50x | |
| Aster CFXUSDT | +0.0100% | 8h | 0.05364 | −0.037% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05364 | −0.037% | $5.4M | $11.3M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05369 | +0.056% | $2.4M | $1.8M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05365 | −0.019% | $2.5M | $6.4M | 20x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05364 | −0.037% | $3.4M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05365 | −0.019% | $888K | $298K | 75x | as long as short |
| Bitget CFXUSDTlong | +0.0100% | 8h | 0.05366 | long leg | $1.6M | $1.6M | 75x | |
| BingX CFX-USDT | +0.0100% | 8h | 0.05367 | +0.019% | — | $18.2M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05359 | −0.127% | $38K | $41K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
MEXC CFX_USDT
KuCoin CFXUSDTM
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 | 0.05351 | −0.271% | $507K | $2.0M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05361 | −0.090% | $133 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0384% | 1h | 0.05366 | 0.000% | $35K | $197K | 50x | as long as short |
| Hyperliquid CFX | +0.0695% | 1h | 0.05377 | +0.201% | $3.2M | $408K | 5x | as long as short |
| Kraken Futures PF_CFXUSD | +0.1691% | 1h | 0.05372 | +0.110% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.1801% | 1h | 0.05375 | +0.168% | $142 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Hyperliquid CFX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL