Funding arb · Price arb /

CFX

all CFX markets

Swap Backtest

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: BingX against KuCoin−0.037%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1201.204% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.037%, 7d avg −0.004%

Together, before fees+0.025%+$2 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: BingX is 0.033% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CFXUSDTM	0.05381	0.0100	pay 0.0100% / 8h	7h 40m	$887K	$290K	75x
Short	BingX CFX-USDT	0.05379	0.0100	get 0.0100% / 8h	7h 40m	—	$20.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → −0.004%: −$3.32
Slippage, 4 orders: −$98.43
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$123.75
Costs to cover: 1.204%
Break-even: never at this rate

Slippage from KuCoin: live order book, 14 min ago; BingX: live order book, 8 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 KuCoin live order book, 14 min ago	8.35 bp	50.1 bp −$50	91.0 bp −$910	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	2.79 bp	10.3 bp −$10	13.3 bp −$133	43.6 bp −$4,355	322.9 bp −$161.4K

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	−0.004%	$5K	$47K	5x	as long as short
Binance CFXUSDT	+0.0100%	8h	0.05381	+0.009%	$5.4M	$10.9M	75x	as long as short
Bybit CFXUSDT	+0.0100%	8h	0.05381	0.000%	$2.4M	$1.7M	25x	as long as short
OKX CFX-USDT-SWAP	+0.0100%	8h	0.05379	−0.037%	$2.5M	$6.0M	20x	as long as short
Gate CFX_USDT	+0.0100%	8h	0.05379	−0.037%	$1.1M	$2.8M	50x	as long as short
MEXC CFX_USDT	+0.0100%	8h	0.05382	+0.019%	$3.4M	$1.8M	125x	as long as short
KuCoin CFXUSDTMlong	+0.0100%	8h	0.05381	long leg	$887K	$290K	75x
Bitget CFXUSDT	+0.0100%	8h	0.05378	−0.056%	$1.6M	$1.5M	75x	as long as short
BingX CFX-USDTshort	+0.0100%	8h	0.05379	−0.037%	—	$20.7M	—
Variational Omni CFX	+0.0100%	8h	0.05386	+0.096%	$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	0.05386	+0.100%	$511K	$1.8M	10x	as long as short
Extended CFX-USD	+0.0104%	1h	0.05380	−0.011%	$4K	$309K	10x	as long as short
Coinbase International CFX-PERP-INTX	+0.0384%	1h	0.05389	+0.149%	$35K	$126K	50x	as long as short
Hyperliquid CFX	+0.0711%	1h	0.05393	+0.214%	$3.2M	$383K	5x	as long as short
Kraken Futures PF_CFXUSD	+0.0851%	1h	0.05387	+0.111%	$33K	$23K	20x	as long as short
Deribit CFX_USDC-PERPETUAL	+0.2352%	1h	0.05395	+0.260%	$142	$29	10x	as long as short