Funding you earn now, next payment 21:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.075%
Price spread now: Bitget against Coinbase International−0.056%7-day average −0.223% · you buy dearer than you sell
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$1041.037% of the position
Funding, last 7 days−0.244%−$24 on $10k
+Price spread, last 3 days (all we have)+0.036%+$4 · spread now −0.056%, 7d avg −0.223%
=The price spread pays, funding is against you. Bitget is 0.167% dearer against Coinbase International than usual: you sell high and buy low (spread −0.056% now, against its 7-day average of −0.223%): +$17 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 7 days (−0.244% in total) that is about 4.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CFX-PERP-INTX | 0.05366 | 0.0384 | pay 0.0048% / 1h | 17m 44s | $35K | $197K | 50x |
| Short | Bitget CFXUSDT | 0.05363 | 0.0100 | get 0.0100% / 8h | 2h 17m | $1.6M | $1.6M | 75x |
Coinbase International CFX-PERP-INTX
Bitget CFXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$59.64
- Price spread: −0.056% → −0.223%
- $16.7
- Slippage, 4 orders
- −$81.68
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$146.61
- Costs to cover
- 1.037%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Bitget: 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 Coinbase International live order book, 5 min ago | 12.14 bp | 24.1 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 3.73 bp | 27.6 bp −$28 | 51.2 bp −$512 | 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_USDT | +0.0012% | 8h | 0.05360 | −0.112% | $1.1M | $3.1M | 50x | as long as short |
| Aster CFXUSDT | +0.0100% | 8h | 0.05363 | −0.064% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05358 | −0.143% | $5.4M | $11.3M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05363 | −0.056% | $2.4M | $1.8M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05358 | −0.149% | $2.5M | $6.4M | 20x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05360 | −0.112% | $3.4M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05364 | −0.037% | $888K | $298K | 75x | as long as short |
| Bitget CFXUSDTshort | +0.0100% | 8h | 0.05363 | −0.056% | $1.6M | $1.6M | 75x | |
| BingX CFX-USDT | +0.0100% | 8h | 0.05364 | −0.037% | — | $18.2M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05359 | −0.127% | $38K | $41K | — | as long as short |
Gate CFX_USDT
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 | 0.05360 | −0.121% | $133 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTXlong | +0.0384% | 1h | 0.05366 | long leg | $35K | $197K | 50x | |
| Hyperliquid CFX | +0.0694% | 1h | 0.05370 | +0.069% | $3.2M | $408K | 5x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.1614% | 1h | 0.05374 | +0.149% | $142 | $29 | 10x | as long as short |
| Kraken Futures PF_CFXUSD | +0.1692% | 1h | 0.05369 | +0.049% | $33K | $23K | 20x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Hyperliquid CFX
Deribit CFX_USDC-PERPETUAL
Kraken Futures PF_CFXUSD