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: GRVT against Bitget0.000%73s7-day average +0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1101.098% 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+0.094%+$9 · spread now 0.000%, 7d avg +0.074%
Together, before fees+0.096%+ Points / potential airdropGRVT: Active · farm board+$10 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: GRVT is 0.074% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.074%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget CFXUSDT0.052900.0100pay 0.0100% / 8h24m 25s$1.5M$1.3M75x
ShortGRVT CFX_USDT_Perp0.052900.0100get 0.0100% / 8h24m 25s$501K$1.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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: 0.000% → +0.074%
−$7.41
Slippage, 4 orders
−$88.75
Fee Bitget: 6 bp × 2 orders
−$12
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$117.16
Costs to cover
1.098%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; GRVT: live order book, 4 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 ago2.84 bp18.3 bp −$1848.1 bp −$481doesn't fitdoesn't fit
Sell GRVT live order book, 4 min ago2.83 bp19.6 bp −$2054.5 bp −$545doesn'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%8h0.05289−0.019%$4K$41K5xas long as short
Binance CFXUSDT+0.0100%8h0.05289−0.019%$5.3M$9.5M75xas long as short
Bybit CFXUSDT+0.0100%8h0.05292+0.038%$2.5M$1.4M25xas long as short
OKX CFX-USDT-SWAP+0.0100%8h0.05293+0.057%$2.5M$5.4M20xas long as short
Gate CFX_USDT+0.0100%8h0.05288−0.038%$1.1M$2.3M50xas long as short
MEXC CFX_USDT+0.0100%8h0.05289−0.019%$3.4M$1.8M125xas long as short
KuCoin CFXUSDTM+0.0100%8h0.05289−0.019%$799K$290K75xas long as short
Bitget CFXUSDTlong+0.0100%8h0.05290long leg$1.5M$1.3M75x
BingX CFX-USDT+0.0100%8h0.05291+0.019%$22.6Mas long as short
Variational Omni CFX+0.0100%8h0.05289−0.018%$35K$51Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perpshort+0.0100%8h0.052900.000%$501K$1.5M10x
Extended CFX-USD+0.0104%1h0.05288−0.045%$5K$258K10xas long as short
Coinbase International CFX-PERP-INTX+0.0272%1h0.05299+0.170%$36K$111K50xas long as short
Hyperliquid CFX+0.0553%1h0.05299+0.174%$3.2M$394K5xas long as short
Kraken Futures PF_CFXUSD+0.1068%1h0.05302+0.232%$32K$9K20xas long as short
Deribit CFX_USDC-PERPETUAL+0.1830%1h0.05300+0.189%$140$2910xas long as short