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: KuCoin against Bybit−0.037%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1701.702% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.037%, 7d avg −0.023%
Together, before fees−0.004%$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit CFXUSDT0.054120.0100pay 0.0100% / 8h5h 14m$2.4M$1.4M25x
ShortKuCoin CFXUSDTM0.054100.0100get 0.0100% / 8h5h 14m$889K$283K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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% → −0.023%
−$1.41
Slippage, 4 orders
−$147.25
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$171.65
Costs to cover
1.702%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 30 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 Bybit live order book, 2 min ago3.70 bp32.5 bp −$32994.1 bp −$9,941doesn't fitdoesn't fit
Sell KuCoin live order book, 30 min ago7.45 bp51.7 bp −$5290.8 bp −$908doesn'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%8h0.05402−0.181%$5K$43K5xas long as short
Binance CFXUSDT+0.0100%8h0.05407−0.084%$5.4M$10.1M75xas long as short
Bybit CFXUSDTlong+0.0100%8h0.05412long leg$2.4M$1.4M25x
OKX CFX-USDT-SWAP+0.0100%8h0.05405−0.129%$2.6M$5.7M20xas long as short
Gate CFX_USDT+0.0100%8h0.05408−0.074%$1.1M$2.5M50xas long as short
MEXC CFX_USDT+0.0100%8h0.05408−0.074%$3.0M$1.7M125xas long as short
KuCoin CFXUSDTMshort+0.0100%8h0.05410−0.037%$889K$283K75x
Bitget CFXUSDT+0.0100%8h0.05409−0.055%$1.6M$1.4M75xas long as short
BingX CFX-USDT+0.0100%8h0.05411−0.018%$20.1Mas long as short
Variational Omni CFX+0.0100%8h0.05408−0.075%$43K$45Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05403−0.160%$512K$1.7M10xas long as short
Extended CFX-USD+0.0104%1h0.05407−0.092%$869$268K10xas long as short
Coinbase International CFX-PERP-INTX+0.0248%1h0.054120.000%$43K$125K50xas long as short
Hyperliquid CFX+0.0725%1h0.05420+0.153%$3.2M$360K5xas long as short
Kraken Futures PF_CFXUSD+0.1425%1h0.05402−0.184%$33K$11K20xas long as short
Deribit CFX_USDC-PERPETUAL+0.2527%1h0.05416+0.074%$143$2910xas long as short