Funding arb · Price arb /

CFX

all CFX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.076%

Price spread now: Coinbase International against MEXC+0.056%7-day average +0.207% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$165as in the Price arb table

costs, in and out, $10k−$1501.504% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.304%+$30 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.056%, 7d avg +0.207%

Together, before fees+0.334%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.150% cheaper against MEXC than usual: you would sell low and buy high (spread +0.056% now, against its 7-day average of +0.207%). If the spread goes back, that is −$15 on $10k: about 4.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CFX_USDT	0.05328	0.0100	pay 0.0100% / 8h	1h 59m	$3.4M	$1.8M	125x
Short	Coinbase International CFX-PERP-INTX	0.05331	0.0208	get 0.0026% / 1h	59m 34s	$38K	$125K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now +0.056%Rate

Funding earned: $22.68
Price spread: +0.056% → +0.207%: −$15.03
Slippage, 4 orders: −$136.39
Fee MEXC: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$142.74
Costs to cover: 1.504%
Break-even: 51.1 days

Slippage from MEXC: live order book, 3 min ago; Coinbase International: live order book, 48 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 MEXC live order book, 3 min ago	0.94 bp	6.2 bp −$6	7.6 bp −$76	49.4 bp −$4,938	100.9 bp −$50.5K
Sell Coinbase International live order book, 48 min ago	12.30 bp	17.3 bp −$17	doesn't fit	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	0.05327	−0.019%	$4K	$41K	5x	as long as short
Binance CFXUSDT	+0.0100%	8h	0.05328	0.000%	$5.3M	$10.1M	75x	as long as short
Bybit CFXUSDT	+0.0100%	8h	0.05330	+0.038%	$2.4M	$1.4M	25x	as long as short
OKX CFX-USDT-SWAP	+0.0100%	8h	0.05327	−0.019%	$2.6M	$5.6M	20x	as long as short
Gate CFX_USDT	+0.0100%	8h	0.05325	−0.056%	$1.1M	$2.4M	50x	as long as short
MEXC CFX_USDTlong	+0.0100%	8h	0.05328	long leg	$3.4M	$1.8M	125x
KuCoin CFXUSDTM	+0.0100%	8h	0.05321	−0.131%	$806K	$301K	75x	as long as short
Bitget CFXUSDT	+0.0100%	8h	0.05328	0.000%	$1.5M	$1.4M	75x	as long as short
BingX CFX-USDT	+0.0100%	8h	0.05327	−0.019%	—	$23.0M	—	as long as short
Variational Omni CFX	+0.0100%	8h	0.05332	+0.075%	$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	0.05328	−0.008%	$505K	$1.6M	10x	as long as short
Extended CFX-USD	+0.0104%	1h	0.05327	−0.027%	$5K	$292K	10x	as long as short
Coinbase International CFX-PERP-INTXshort	+0.0208%	1h	0.05331	+0.056%	$38K	$125K	50x
Kraken Futures PF_CFXUSD	+0.0608%	1h	0.05341	+0.250%	$32K	$11K	20x	as long as short
Hyperliquid CFX	+0.1228%	1h	0.05336	+0.143%	$3.2M	$380K	5x	as long as short
Deribit CFX_USDC-PERPETUAL	+0.1815%	1h	0.05338	+0.188%	$141	$29	10x	as long as short