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

CFX

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SwapBacktest
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 MEXC−0.038%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$330.327% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.051%+$5 on $10k
Price spread, last 7 days+0.052%+$5 · spread now −0.038%, 7d avg +0.006%
Together, before fees+0.102%+$10 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 0.043% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC CFX_USDT0.053280.0100pay 0.0100% / 8h1h 44m$3.4M$1.8M125x
ShortBingX CFX-USDT0.053260.0100get 0.0100% / 8h1h 44m$23.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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: −0.038% → +0.006%
−$4.34
Slippage, 4 orders
−$18.75
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
−$37.08
Costs to cover
0.327%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 9 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 MEXC live order book, 3 min ago1.88 bp7.5 bp −$79.2 bp −$9244.5 bp −$4,44782.5 bp −$41.2K
Sell BingX live order book, 9 min ago2.82 bp9.0 bp −$913.7 bp −$13744.1 bp −$4,406307.4 bp −$153.7K

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%8h0.05326−0.047%$4K$41K5xas long as short
Binance CFXUSDT+0.0100%8h0.05327−0.023%$5.3M$10.1M75xas long as short
Bybit CFXUSDT+0.0100%8h0.053280.000%$2.4M$1.4M25xas long as short
OKX CFX-USDT-SWAP+0.0100%8h0.05329+0.019%$2.6M$5.7M20xas long as short
Gate CFX_USDT+0.0100%8h0.05322−0.113%$1.1M$2.5M50xas long as short
MEXC CFX_USDTlong+0.0100%8h0.05328long leg$3.4M$1.8M125x
KuCoin CFXUSDTM+0.0100%8h0.05326−0.038%$807K$299K75xas long as short
Bitget CFXUSDT+0.0100%8h0.05325−0.056%$1.5M$1.4M75xas long as short
BingX CFX-USDTshort+0.0100%8h0.05326−0.038%$23.0M
Variational Omni CFX+0.0100%8h0.05325−0.055%$35K$52Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05324−0.076%$504K$1.6M10xas long as short
Extended CFX-USD+0.0104%1h0.05327−0.026%$5K$287K10xas long as short
Coinbase International CFX-PERP-INTX+0.0192%1h0.05333+0.094%$36K$126K50xas long as short
Hyperliquid CFX+0.0719%1h0.05336+0.152%$3.2M$386K5xas long as short
Kraken Futures PF_CFXUSD+0.0796%1h0.05331+0.061%$32K$10K20xas long as short
Deribit CFX_USDC-PERPETUAL+0.2379%1h0.05340+0.225%$141$2910xas long as short