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

CFX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against KuCoin−0.019%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1501.504% of the position
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)+0.060%+$6 · spread now −0.019%, 7d avg +0.027%
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 0.046% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CFXUSDTM0.053130.0100pay 0.0100% / 8h7h 39m$803K$288K75x
ShortBybit CFXUSDT0.053120.0100get 0.0100% / 8h7h 39m$2.5M$1.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: −0.019% → +0.027%
−$4.62
Slippage, 4 orders
−$127.43
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$155.05
Costs to cover
1.504%
Break-even
never at this rate
Slippage from KuCoin: live order book, 35 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 KuCoin live order book, 35 min ago9.42 bp47.3 bp −$4797.3 bp −$973doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago3.76 bp26.5 bp −$26111.5 bp −$1,115doesn'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%8h0.05309−0.075%$4K$33K5xas long as short
Binance CFXUSDT+0.0100%8h0.05310−0.056%$5.3M$9.4M75xas long as short
Bybit CFXUSDTshort+0.0100%8h0.05312−0.019%$2.5M$1.4M25x
OKX CFX-USDT-SWAP+0.0100%8h0.05310−0.056%$2.6M$5.4M20xas long as short
Gate CFX_USDT+0.0100%8h0.05311−0.038%$1.1M$2.0M50xas long as short
MEXC CFX_USDT+0.0100%8h0.05310−0.056%$3.8M$1.8M125xas long as short
KuCoin CFXUSDTMlong+0.0100%8h0.05313long leg$803K$288K75x
Bitget CFXUSDT+0.0100%8h0.05312−0.019%$1.5M$1.3M75xas long as short
BingX CFX-USDT+0.0100%8h0.05310−0.056%$22.6Mas long as short
Variational Omni CFX+0.0100%8h0.05314+0.012%$35K$51Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05324+0.207%$504K$1.5M10xas long as short
Extended CFX-USD+0.0104%1h0.05310−0.051%$3K$263K10xas long as short
Hyperliquid CFX+0.0203%1h0.05317+0.075%$3.2M$394K5xas long as short
Coinbase International CFX-PERP-INTX+0.0304%1h0.05340+0.508%$35K$111K50xas long as short
Deribit CFX_USDC-PERPETUAL+0.1633%1h0.05320+0.132%$140$2910xas long as short
Kraken Futures PF_CFXUSD+0.1755%1h0.05311−0.045%$32K$10K20xas long as short