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

CFX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against OKX+0.112%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$970.969% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.047%+$5 on $10k
Price spread, last 7 days−0.074%−$7 · spread now +0.112%, 7d avg +0.058%
Together, before fees−0.026%−$3 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 0.055% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.058%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX CFX-USDT-SWAP0.053490.0100pay 0.0100% / 8h1h 55m$2.5M$6.3M20x
ShortBybit CFXUSDT0.053550.0100get 0.0100% / 8h1h 55m$2.4M$1.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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: +0.112% → +0.058%
$5.45
Slippage, 4 orders
−$75.93
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$91.47
Costs to cover
0.969%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 2 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 OKX live order book, 3 min ago0.94 bp13.8 bp −$1439.6 bp −$396doesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago1.87 bp32.5 bp −$32299.4 bp −$2,994doesn'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
Gate CFX_USDT+0.0015%8h0.05348−0.019%$1.1M$3.0M50xas long as short
Aster CFXUSDT+0.0100%8h0.05350+0.012%$5K$47K5xas long as short
Binance CFXUSDT+0.0100%8h0.05352+0.052%$5.4M$11.3M75xas long as short
Bybit CFXUSDTshort+0.0100%8h0.05355+0.112%$2.4M$1.8M25x
OKX CFX-USDT-SWAPlong+0.0100%8h0.05349long leg$2.5M$6.3M20x
MEXC CFX_USDT+0.0100%8h0.05351+0.037%$3.4M$1.8M125xas long as short
KuCoin CFXUSDTM+0.0100%8h0.05350+0.019%$886K$297K75xas long as short
Bitget CFXUSDT+0.0100%8h0.053490.000%$1.6M$1.6M75xas long as short
BingX CFX-USDT+0.0100%8h0.05350+0.019%$18.2Mas long as short
Variational Omni CFX+0.0100%8h0.05350+0.010%$37K$41Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05337−0.217%$506K$2.0M10xas long as short
Extended CFX-USD+0.0104%1h0.05351+0.035%$132$253K10xas long as short
Coinbase International CFX-PERP-INTX+0.0392%1h0.05366+0.318%$35K$197K50xas long as short
Hyperliquid CFX+0.0781%1h0.05362+0.234%$3.2M$408K5xas long as short
Deribit CFX_USDC-PERPETUAL+0.1805%1h0.05364+0.280%$142$2910xas long as short
Kraken Futures PF_CFXUSD+0.2041%1h0.05363+0.260%$33K$23K20xas long as short