Funding arb · Price arb /

CFX

all CFX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.078%

Price spread now: Coinbase International against OKX+0.222%7-day average +0.253% · you sell dearer than you buy

Net, funding: paid 7d − costs−$836as in the Funding arb table

Net, price: spread back to 7d avg − costs−$869as in the Price arb table

costs, in and out, $10k−$8668.664% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.300%+$30 on $10k

Price spread, last 4 days (all we have)−0.263%−$26 · spread now +0.222%, 7d avg +0.253%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.030% cheaper against OKX than usual: you would sell low and buy high (spread +0.222% now, against its 7-day average of +0.253%). If the spread goes back, that is −$3 on $10k: about 16 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CFX-USDT-SWAP	0.05400	0.0100	pay 0.0100% / 8h	5h 15m	$2.6M	$5.7M	20x
Short	Coinbase International CFX-PERP-INTX	0.05412	0.0248	get 0.0031% / 1h	15m 50s	$43K	$125K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.222%Rate

Funding earned: $31.08
Price spread: +0.222% → +0.253%: −$3.05
Slippage, 4 orders: −$846.43
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$838.4
Costs to cover: 8.664%
Break-even: 195.8 days

Slippage from OKX: live order book, 2 min ago; Coinbase International: live order book, 47 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 OKX live order book, 2 min ago	0.93 bp	17.9 bp −$18	49.4 bp −$494	doesn't fit	doesn't fit
Sell Coinbase International live order book, 47 min ago	19.48 bp	24.5 bp −$24	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	0.05403	+0.064%	$5K	$43K	5x	as long as short
Binance CFXUSDT	+0.0100%	8h	0.05405	+0.095%	$5.4M	$10.1M	75x	as long as short
Bybit CFXUSDT	+0.0100%	8h	0.05405	+0.093%	$2.4M	$1.4M	25x	as long as short
OKX CFX-USDT-SWAPlong	+0.0100%	8h	0.05400	long leg	$2.6M	$5.7M	20x
Gate CFX_USDT	+0.0100%	8h	0.05402	+0.037%	$1.1M	$2.5M	50x	as long as short
MEXC CFX_USDT	+0.0100%	8h	0.05404	+0.074%	$3.0M	$1.7M	125x	as long as short
KuCoin CFXUSDTM	+0.0100%	8h	0.05404	+0.074%	$888K	$283K	75x	as long as short
Bitget CFXUSDT	+0.0100%	8h	0.05401	+0.019%	$1.6M	$1.4M	75x	as long as short
BingX CFX-USDT	+0.0100%	8h	0.05405	+0.093%	—	$20.1M	—	as long as short
Variational Omni CFX	+0.0100%	8h	0.05408	+0.147%	$43K	$45K	—	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	0.05401	+0.022%	$512K	$1.7M	10x	as long as short
Extended CFX-USD	+0.0104%	1h	0.05404	+0.066%	$869	$268K	10x	as long as short
Coinbase International CFX-PERP-INTXshort	+0.0248%	1h	0.05412	+0.222%	$43K	$125K	50x
Hyperliquid CFX	+0.0731%	1h	0.05415	+0.278%	$3.2M	$360K	5x	as long as short
Kraken Futures PF_CFXUSD	+0.1424%	1h	0.05405	+0.100%	$33K	$11K	20x	as long as short
Deribit CFX_USDC-PERPETUAL	+0.1970%	1h	0.05418	+0.333%	$143	$29	10x	as long as short