Funding arb · Price arb /

CFX

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Swap Backtest

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: KuCoin against OKX−0.057%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1281.277% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.057%, 7d avg +0.041%

Together, before fees+0.063%+$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: KuCoin is 0.097% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CFX-USDT-SWAP	0.05294	0.0100	pay 0.0100% / 8h	23m 21s	$2.5M	$5.4M	20x
Short	KuCoin CFXUSDTM	0.05291	0.0100	get 0.0100% / 8h	23m 21s	$799K	$290K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → +0.041%: −$9.73
Slippage, 4 orders: −$105.72
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$137.45
Costs to cover: 1.277%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; KuCoin: live order book, 61 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, 4 min ago	2.84 bp	18.8 bp −$19	43.5 bp −$435	doesn't fit	doesn't fit
Sell KuCoin live order book, 61 min ago	8.44 bp	52.7 bp −$53	95.3 bp −$953	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	0.05293	−0.012%	$4K	$41K	5x	as long as short
Binance CFXUSDT	+0.0100%	8h	0.05293	−0.012%	$5.3M	$9.5M	75x	as long as short
Bybit CFXUSDT	+0.0100%	8h	0.05295	+0.019%	$2.5M	$1.4M	25x	as long as short
OKX CFX-USDT-SWAPlong	+0.0100%	8h	0.05294	long leg	$2.5M	$5.4M	20x
Gate CFX_USDT	+0.0100%	8h	0.05293	−0.019%	$1.1M	$2.3M	50x	as long as short
MEXC CFX_USDT	+0.0100%	8h	0.05293	−0.019%	$3.4M	$1.8M	125x	as long as short
KuCoin CFXUSDTMshort	+0.0100%	8h	0.05291	−0.057%	$799K	$290K	75x
Bitget CFXUSDT	+0.0100%	8h	0.05293	−0.019%	$1.5M	$1.3M	75x	as long as short
BingX CFX-USDT	+0.0100%	8h	0.05294	0.000%	—	$22.6M	—	as long as short
Variational Omni CFX	+0.0100%	8h	0.05289	−0.094%	$35K	$51K	—	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	0.05294	−0.009%	$501K	$1.5M	10x	as long as short
Extended CFX-USD	+0.0104%	1h	0.05289	−0.095%	$5K	$258K	10x	as long as short
Coinbase International CFX-PERP-INTX	+0.0272%	1h	0.05299	+0.094%	$36K	$111K	50x	as long as short
Hyperliquid CFX	+0.0555%	1h	0.05303	+0.178%	$3.2M	$394K	5x	as long as short
Kraken Futures PF_CFXUSD	+0.1068%	1h	0.05302	+0.156%	$32K	$9K	20x	as long as short
Deribit CFX_USDC-PERPETUAL	+0.1830%	1h	0.05300	+0.113%	$140	$29	10x	as long as short