Funding arb · Price arb /

CFX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Gate+0.074%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1231.230% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.074%, 7d avg +0.045%

Together, before fees+0.061%+$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: KuCoin is 0.029% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CFX_USDT	0.05379	0.0100	pay 0.0100% / 8h	28m 11s	$1.1M	$3.0M	50x
Short	KuCoin CFXUSDTM	0.05383	0.0100	get 0.0100% / 8h	28m 11s	$891K	$294K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee GatebpFee KuCoinbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → +0.045%: $2.94
Slippage, 4 orders: −$95.97
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$120.03
Costs to cover: 1.230%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; KuCoin: live order book, 36 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, 5 min ago	2.79 bp	12.2 bp −$12	21.1 bp −$211	doesn't fit	doesn't fit
Sell KuCoin live order book, 36 min ago	8.41 bp	46.9 bp −$47	92.5 bp −$925	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	0.05381	+0.043%	$5K	$47K	5x	as long as short
Binance CFXUSDT	+0.0100%	8h	0.05378	−0.018%	$5.4M	$11.0M	75x	as long as short
Bybit CFXUSDT	+0.0100%	8h	0.05384	+0.093%	$2.4M	$1.8M	25x	as long as short
OKX CFX-USDT-SWAP	+0.0100%	8h	0.05377	−0.037%	$2.5M	$6.2M	20x	as long as short
Gate CFX_USDTlong	+0.0100%	8h	0.05379	long leg	$1.1M	$3.0M	50x
MEXC CFX_USDT	+0.0100%	8h	0.05379	0.000%	$3.4M	$1.7M	125x	as long as short
KuCoin CFXUSDTMshort	+0.0100%	8h	0.05383	+0.074%	$891K	$294K	75x
Bitget CFXUSDT	+0.0100%	8h	0.05378	−0.019%	$1.6M	$1.5M	75x	as long as short
BingX CFX-USDT	+0.0100%	8h	0.05380	+0.019%	—	$20.7M	—	as long as short
Variational Omni CFX	+0.0100%	8h	0.05377	−0.030%	$38K	$41K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CFX_USDT_Perp	+0.0100%	8h	0.05375	−0.073%	$510K	$1.9M	10x	as long as short
Extended CFX-USD	+0.0104%	1h	0.05378	−0.016%	$134	$253K	10x	as long as short
Coinbase International CFX-PERP-INTX	+0.0400%	1h	0.05394	+0.279%	$35K	$159K	50x	as long as short
Hyperliquid CFX	+0.0787%	1h	0.05390	+0.208%	$3.2M	$394K	5x	as long as short
Kraken Futures PF_CFXUSD	+0.1104%	1h	0.05386	+0.133%	$33K	$23K	20x	as long as short
Deribit CFX_USDC-PERPETUAL	+0.1980%	1h	0.05392	+0.242%	$142	$29	10x	as long as short