Funding arb · Price arb /

CFX

all CFX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0516%/8h= −56.5% APRpaid last 24h −0.398%

Price spread now: Aster against Kraken Futures+0.029%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.029% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_CFXUSD	0.05276	0.0616	pay 0.0077% / 1h	41m 14s	$32K	$11K	20x
Short	Aster CFXUSDT	0.05277	0.0100	get 0.0100% / 8h	2h 41m	$4K	$41K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$108.26
Price spread: +0.029% → 0.000%: $2.87
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$123.39
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Aster: no order-book sample. Net counts fees only.

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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Kraken Futures and Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 CFXUSDTshort	+0.0100%	8h	0.05277	+0.029%	$4K	$41K	5x
Binance CFXUSDT	+0.0100%	8h	0.05268	−0.148%	$5.2M	$9.9M	75x	as long as short
Bybit CFXUSDT	+0.0100%	8h	0.05275	−0.018%	$2.4M	$1.3M	25x	as long as short
OKX CFX-USDT-SWAP	+0.0100%	8h	0.05273	−0.056%	$2.5M	$5.5M	20x	as long as short
Gate CFX_USDT	+0.0100%	8h	0.05275	−0.018%	$1.1M	$2.4M	50x	as long as short
MEXC CFX_USDT	+0.0100%	8h	0.05274	−0.037%	$3.4M	$1.8M	125x	as long as short
KuCoin CFXUSDTM	+0.0100%	8h	0.05276	+0.001%	$800K	$301K	75x	as long as short
Bitget CFXUSDT	+0.0100%	8h	0.05273	−0.056%	$1.5M	$1.4M	75x	as long as short
BingX CFX-USDT	+0.0100%	8h	0.05275	−0.018%	—	$20.1M	—	as long as short
Variational Omni CFX	+0.0100%	8h	0.05291	+0.278%	$35K	$52K	—	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	0.05292	+0.307%	$501K	$1.6M	10x	as long as short
Extended CFX-USD	+0.0104%	1h	0.05271	−0.086%	$4K	$287K	10x	as long as short
Coinbase International CFX-PERP-INTX	+0.0208%	1h	0.05316	+0.759%	$41K	$121K	50x	as long as short
Kraken Futures PF_CFXUSDlong	+0.0616%	1h	0.05276	long leg	$32K	$11K	20x
Hyperliquid CFX	+0.0830%	1h	0.05284	+0.145%	$3.1M	$377K	5x	as long as short
Deribit CFX_USDC-PERPETUAL	+0.2216%	1h	0.05285	+0.172%	$140	$29	10x	as long as short