Funding you earn now, next payment 21:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.075%
Price spread now: MEXC against Coinbase International−0.652%7-day average −0.202% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$610.613% of the position
Funding, last 7 days−0.307%−$31 on $10k
+Price spread, last 3 days (all we have)+0.652%+$65 · spread now −0.652%, 7d avg −0.202%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and MEXC is 0.451% cheaper against Coinbase International than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.202%). Swap the legs.
| 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 | 2m 48s | $35K | $197K | 50x |
| Short | MEXC CFX_USDT | 0.05331 | 0.0100 | get 0.0100% / 8h | 2h 02m | $3.4M | $1.8M | 125x |
Coinbase International CFX-PERP-INTX
MEXC CFX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.652% → −0.202%
- −$45.06
- Slippage, 4 orders
- −$47.3
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$166
- Costs to cover
- 0.613%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 20 min ago; MEXC: 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, 20 min ago | 12.14 bp | 24.1 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.87 bp | 5.7 bp −$6 | 7.7 bp −$77 | 51.4 bp −$5,142 | 101.0 bp −$50.5K |
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 | +0.0003% | 8h | 0.05331 | −0.652% | $1.1M | $3.1M | 50x | as long as short |
| Aster CFXUSDT | +0.0100% | 8h | 0.05335 | −0.581% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05331 | −0.643% | $5.4M | $11.3M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05333 | −0.615% | $2.4M | $1.8M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05329 | −0.690% | $2.5M | $6.3M | 20x | as long as short |
| MEXC CFX_USDTshort | +0.0100% | 8h | 0.05331 | −0.652% | $3.4M | $1.8M | 125x | |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05335 | −0.578% | $883K | $298K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05331 | −0.652% | $1.6M | $1.6M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05331 | −0.652% | — | $18.2M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05334 | −0.592% | $37K | $41K | — | as long as short |
Gate CFX_USDT
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
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 | −0.579% | $506K | $2.0M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05334 | −0.594% | $132 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTXlong | +0.0384% | 1h | 0.05366 | long leg | $35K | $197K | 50x | |
| Hyperliquid CFX | +0.0662% | 1h | 0.05344 | −0.408% | $3.2M | $408K | 5x | as long as short |
| Kraken Futures PF_CFXUSD | +0.1700% | 1h | 0.05343 | −0.424% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.1999% | 1h | 0.05348 | −0.335% | $141 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Hyperliquid CFX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL