Settings8H · net · $10k
Funding arb · Price arb /

CFX

all CFX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0090%/8h= +9.9% APRnext payment +$0.90 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Gate+0.056%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$810.815% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.086%+$9 on $10k
Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.056%, 7d avg +0.025%
Together, before fees+0.092%+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.031% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CFX_USDT0.053630.0010pay 0.0010% / 8h2h 18m$1.1M$3.1M50x
ShortBitget CFXUSDT0.053660.0100get 0.0100% / 8h2h 18m$1.6M$1.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$18.9
Price spread: +0.056% → +0.025%
$3.11
Slippage, 4 orders
−$54.5
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$59.49
Costs to cover
0.815%
Break-even
29.0 days
Slippage from Gate: live order book, 4 min ago; Bitget: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago3.74 bp11.6 bp −$1222.9 bp −$229doesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago3.73 bp27.6 bp −$2851.2 bp −$512doesn't fitdoesn't fit

CFX on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate CFX_USDTlong+0.0010%8h0.05363long leg$1.1M$3.1M50x
Aster CFXUSDT+0.0100%8h0.05364+0.019%$5K$47K5xas long as short
Binance CFXUSDT+0.0100%8h0.05364+0.019%$5.4M$11.3M75xas long as short
Bybit CFXUSDT+0.0100%8h0.05369+0.112%$2.4M$1.8M25xas long as short
OKX CFX-USDT-SWAP+0.0100%8h0.05365+0.037%$2.5M$6.4M20xas long as short
MEXC CFX_USDT+0.0100%8h0.05364+0.019%$3.4M$1.8M125xas long as short
KuCoin CFXUSDTM+0.0100%8h0.05365+0.037%$888K$298K75xas long as short
Bitget CFXUSDTshort+0.0100%8h0.05366+0.056%$1.6M$1.6M75x
BingX CFX-USDT+0.0100%8h0.05367+0.075%$18.2Mas long as short
Variational Omni CFX+0.0100%8h0.05359−0.071%$38K$41Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05351−0.216%$507K$2.0M10xas long as short
Extended CFX-USD+0.0104%1h0.05361−0.034%$133$253K10xas long as short
Coinbase International CFX-PERP-INTX+0.0384%1h0.05366+0.056%$35K$197K50xas long as short
Hyperliquid CFX+0.0695%1h0.05377+0.257%$3.2M$408K5xas long as short
Kraken Futures PF_CFXUSD+0.1691%1h0.05372+0.166%$33K$23K20xas long as short
Deribit CFX_USDC-PERPETUAL+0.1801%1h0.05375+0.224%$142$2910xas long as short