Funding you earn now, next payment 22:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.076%
Price spread now: Binance against Coinbase International−0.056%7-day average −0.206% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$780.779% of the position
Funding, last 7 days−0.309%−$31 on $10k
+Price spread, last 3 days (all we have)+0.033%+$3 · spread now −0.056%, 7d avg −0.206%
=The price spread pays, funding is against you. Binance is 0.150% dearer against Coinbase International than usual: you sell high and buy low (spread −0.056% now, against its 7-day average of −0.206%): +$15 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 41 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CFX-PERP-INTX | 0.05361 | 0.0392 | pay 0.0049% / 1h | 59m 44s | $35K | $197K | 50x |
| Short | Binance CFXUSDT | 0.05358 | 0.0100 | get 0.0100% / 8h | 59m 44s | $5.4M | $11.2M | 75x |
Coinbase International CFX-PERP-INTX
Binance CFXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. 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
- −$61.32
- Price spread: −0.056% → −0.206%
- $14.99
- Slippage, 4 orders
- −$57.87
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$124.2
- Costs to cover
- 0.779%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 18 min ago; Binance: live order book, 10 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 Coinbase International live order book, 18 min ago | 14.99 bp | 23.7 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.94 bp | 16.2 bp −$16 | 43.9 bp −$439 | 465.9 bp −$46.6K | 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_USDT | +0.0079% | 8h | 0.05356 | −0.093% | $1.1M | $3.1M | 50x | as long as short |
| Aster CFXUSDT | +0.0100% | 8h | 0.05358 | −0.055% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDTshort | +0.0100% | 8h | 0.05358 | −0.056% | $5.4M | $11.2M | 75x | |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05360 | −0.019% | $2.4M | $1.8M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05354 | −0.131% | $2.5M | $6.3M | 20x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05359 | −0.037% | $3.4M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05355 | −0.112% | $886K | $296K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05357 | −0.075% | $1.6M | $1.6M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05359 | −0.037% | — | $20.7M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05353 | −0.144% | $38K | $41K | — | as long as short |
Gate CFX_USDT
Aster CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
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 | 0.05352 | −0.176% | $512K | $1.9M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05357 | −0.077% | $132 | $253K | 10x | as long as short |
| Hyperliquid CFX | +0.0209% | 1h | 0.05371 | +0.188% | $3.2M | $404K | 5x | as long as short |
| Coinbase International CFX-PERP-INTXlong | +0.0392% | 1h | 0.05361 | long leg | $35K | $197K | 50x | |
| Kraken Futures PF_CFXUSD | +0.2040% | 1h | 0.05364 | +0.061% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.2176% | 1h | 0.05371 | +0.187% | $142 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Hyperliquid CFX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL