Funding you earn now, next payment 20:00 UTC+0.0413%/8h= +45.2% APRpaid last 24h +0.073%
Price spread now: Coinbase International against Gate+0.337%50s7-day average +0.248% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as 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−$770.766% of the position
Funding, last 7 days+0.328%+$33 on $10k
+Price spread, last 3 days (all we have)−0.357%−$36 · spread now +0.337%, 7d avg +0.248%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Coinbase International is 0.089% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.248%. The two prices were read 50 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 | Gate CFX_USDT | 0.05341 | −0.0029 | get 0.0029% / 8h | 2h 59m | $1.1M | $3.0M | 50x |
| Short | Coinbase International CFX-PERP-INTX | 0.05359 | 0.0384 | get 0.0048% / 1h | 59m 26s | $35K | $201K | 50x |
Gate CFX_USDT
Coinbase International CFX-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Gate. 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
- $86.73
- Price spread: +0.337% → +0.248%
- $8.95
- Slippage, 4 orders
- −$51.56
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $19.12
- Costs to cover
- 0.766%
- Break-even
- 5.5 days
Slippage from Gate: live order book, 4 min ago; Coinbase International: live order book, 28 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 Gate live order book, 4 min ago | 3.74 bp | 13.3 bp −$13 | 23.6 bp −$236 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 28 min ago | 7.43 bp | 34.4 bp −$34 | doesn't fit | 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_USDTlong | −0.0029% | 8h | 0.05341 | long leg | $1.1M | $3.0M | 50x | |
| Aster CFXUSDT | +0.0100% | 8h | 0.05344 | +0.064% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05346 | +0.086% | $5.4M | $11.3M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05344 | +0.056% | $2.4M | $1.8M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05340 | −0.019% | $2.5M | $6.3M | 20x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05342 | +0.019% | $3.4M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05347 | +0.112% | $858K | $293K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05340 | −0.019% | $1.6M | $1.6M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05345 | +0.075% | — | $18.2M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05347 | +0.104% | $37K | $41K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit 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 | 0.05348 | +0.131% | $505K | $2.0M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05343 | +0.045% | $133 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTXshort | +0.0384% | 1h | 0.05359 | +0.337% | $35K | $201K | 50x | |
| Hyperliquid CFX | +0.0918% | 1h | 0.05358 | +0.324% | $3.3M | $359K | 5x | as long as short |
| Kraken Futures PF_CFXUSD | +0.1570% | 1h | 0.05352 | +0.202% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.1994% | 1h | 0.05359 | +0.337% | $141 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Hyperliquid CFX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL