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

CFX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Gate+0.019%7-day average +0.055% · 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−$85as in the Price arb table
costs, in and out, $10k−$810.812% 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 7 days−0.026%−$3 · spread now +0.019%, 7d avg +0.055%
Together, before fees+0.060%+$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.036% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.055%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CFX_USDT0.053360.0100pay 0.0100% / 8h3h 34m$1.1M$2.5M50x
ShortBybit CFXUSDT0.053370.0100get 0.0100% / 8h3h 34m$2.4M$1.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$0
Price spread: +0.019% → +0.055%
−$3.61
Slippage, 4 orders
−$55.25
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$84.85
Costs to cover
0.812%
Break-even
never at this rate
Slippage from Gate: live order book, 4 min ago; Bybit: 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 ago1.87 bp12.0 bp −$1223.6 bp −$236doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago3.74 bp28.3 bp −$28126.9 bp −$1,269doesn'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
Aster CFXUSDT+0.0100%8h0.05341+0.102%$5K$42K5xas long as short
Binance CFXUSDT+0.0100%8h0.05334−0.037%$5.3M$9.9M75xas long as short
Bybit CFXUSDTshort+0.0100%8h0.05337+0.019%$2.4M$1.3M25x
OKX CFX-USDT-SWAP+0.0100%8h0.05332−0.075%$2.5M$5.5M20xas long as short
Gate CFX_USDTlong+0.0100%8h0.05336long leg$1.1M$2.5M50x
MEXC CFX_USDT+0.0100%8h0.05332−0.075%$3.2M$1.8M125xas long as short
KuCoin CFXUSDTM+0.0100%8h0.05334−0.037%$805K$302K75xas long as short
Bitget CFXUSDT+0.0100%8h0.05334−0.037%$1.6M$1.4M75xas long as short
BingX CFX-USDT+0.0100%8h0.05335−0.019%$20.1Mas long as short
Variational Omni CFX+0.0100%8h0.05341+0.086%$37K$50Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05336−0.005%$506K$1.6M10xas long as short
Extended CFX-USD+0.0104%1h0.05335−0.010%$2K$268K10xas long as short
Coinbase International CFX-PERP-INTX+0.0208%1h0.05349+0.244%$41K$121K50xas long as short
Kraken Futures PF_CFXUSD+0.0579%1h0.05336+0.005%$32K$11K20xas long as short
Hyperliquid CFX+0.0669%1h0.05346+0.178%$3.2M$360K5xas long as short
Deribit CFX_USDC-PERPETUAL+0.2188%1h0.05345+0.169%$141$2910xas long as short