Funding you earn now, next payment 22:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.075%
Price spread now: Bybit against Coinbase International−0.354%54s7-day average −0.179% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1131.135% of the position
Funding, last 7 days−0.241%−$24 on $10k
+Price spread, last 3 days (all we have)+0.374%+$37 · spread now −0.354%, 7d avg −0.179%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.175% cheaper against Coinbase International than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.179%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CFX-PERP-INTX | 0.05366 | 0.0392 | pay 0.0049% / 1h | 56m 25s | $35K | $197K | 50x |
| Short | Bybit CFXUSDT | 0.05347 | 0.0100 | get 0.0100% / 8h | 1h 56m | $2.4M | $1.8M | 25x |
Coinbase International CFX-PERP-INTX
Bybit CFXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.354% → −0.179%
- −$17.53
- Slippage, 4 orders
- −$92.49
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$192.34
- Costs to cover
- 1.135%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 26 min ago; Bybit: live order book, 1 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, 26 min ago | 12.14 bp | 24.1 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.87 bp | 32.5 bp −$32 | 299.4 bp −$2,994 | 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 | 0.05338 | −0.522% | $1.1M | $3.0M | 50x | as long as short |
| Aster CFXUSDT | +0.0100% | 8h | 0.05343 | −0.434% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05345 | −0.389% | $5.4M | $11.3M | 75x | as long as short |
| Bybit CFXUSDTshort | +0.0100% | 8h | 0.05347 | −0.354% | $2.4M | $1.8M | 25x | |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05344 | −0.410% | $2.5M | $6.3M | 20x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05344 | −0.410% | $3.4M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05345 | −0.391% | $885K | $297K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05344 | −0.410% | $1.6M | $1.6M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05344 | −0.410% | — | $18.2M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05334 | −0.600% | $37K | $41K | — | as long as short |
Gate CFX_USDT
Aster CFXUSDT
Binance 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 | 0.05335 | −0.578% | $506K | $2.0M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05344 | −0.408% | $132 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTXlong | +0.0392% | 1h | 0.05366 | long leg | $35K | $197K | 50x | |
| Hyperliquid CFX | +0.0822% | 1h | 0.05357 | −0.162% | $3.2M | $408K | 5x | as long as short |
| Kraken Futures PF_CFXUSD | +0.2046% | 1h | 0.05351 | −0.287% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.2183% | 1h | 0.05357 | −0.168% | $141 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Hyperliquid CFX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL