Funding you earn now, next payment 04:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.077%
Price spread now: KuCoin against Coinbase International−0.280%7-day average −0.208% · you buy dearer than you sell
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$165as in the Price arb table
costs, in and out, $10k−$1581.578% of the position
Funding, last 7 days−0.253%−$25 on $10k
+Price spread, last 4 days (all we have)+0.229%+$23 · spread now −0.280%, 7d avg −0.208%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.072% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.208%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CFX-PERP-INTX | 0.05364 | 0.0208 | pay 0.0026% / 1h | 58m 19s | $42K | $123K | 50x |
| Short | KuCoin CFXUSDTM | 0.05349 | 0.0100 | get 0.0100% / 8h | 3h 58m | $807K | $302K | 75x |
Coinbase International CFX-PERP-INTX
KuCoin CFXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$22.68
- Price spread: −0.280% → −0.208%
- −$7.15
- Slippage, 4 orders
- −$135.77
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$187.6
- Costs to cover
- 1.578%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 59 min ago; KuCoin: live order book, 41 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, 59 min ago | 8.42 bp | 33.4 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 41 min ago | 4.70 bp | 57.6 bp −$58 | 98.1 bp −$981 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CFXUSDT | +0.0100% | 8h | 0.05349 | −0.282% | $5K | $43K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05349 | −0.284% | $5.3M | $10.0M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05350 | −0.261% | $2.4M | $1.3M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05345 | −0.354% | $2.5M | $5.6M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05348 | −0.298% | $1.1M | $2.5M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05346 | −0.336% | $3.2M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTMshort | +0.0100% | 8h | 0.05349 | −0.280% | $807K | $302K | 75x | |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05349 | −0.280% | $1.6M | $1.4M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05347 | −0.317% | — | $20.1M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05357 | −0.139% | $38K | $50K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
Gate CFX_USDT
MEXC CFX_USDT
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 | 0.05355 | −0.162% | $508K | $1.6M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05346 | −0.340% | $4K | $266K | 10x | as long as short |
| Coinbase International CFX-PERP-INTXlong | +0.0208% | 1h | 0.05364 | long leg | $42K | $123K | 50x | |
| Hyperliquid CFX | +0.0477% | 1h | 0.05355 | −0.173% | $3.2M | $362K | 5x | as long as short |
| Kraken Futures PF_CFXUSD | +0.0578% | 1h | 0.05345 | −0.347% | $32K | $11K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.3116% | 1h | 0.05365 | +0.019% | $142 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Hyperliquid CFX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL