Funding arb · Price arb /

CFX

all CFX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.076%

Price spread now: Coinbase International against Binance+0.150%7-day average +0.208% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$840.839% of the position

Long on Binance 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)−0.126%−$13 · spread now +0.150%, 7d avg +0.208%

Together, before fees+0.178%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.058% cheaper against Binance than usual: you would sell low and buy high (spread +0.150% now, against its 7-day average of +0.208%). If the spread goes back, that is −$6 on $10k: about 43 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CFXUSDT	0.05350	0.0100	pay 0.0100% / 8h	3h 28m	$5.3M	$9.9M	75x
Short	Coinbase International CFX-PERP-INTX	0.05358	0.0208	get 0.0026% / 1h	28m 37s	$41K	$122K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +0.150%Rate

Funding earned: $22.68
Price spread: +0.150% → +0.208%: −$5.85
Slippage, 4 orders: −$63.94
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$67.11
Costs to cover: 0.839%
Break-even: 27.7 days

Slippage from Binance: live order book, 11 min ago; Coinbase International: live order book, 24 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 Binance live order book, 11 min ago	1.88 bp	16.5 bp −$16	45.4 bp −$454	doesn't fit	doesn't fit
Sell Coinbase International live order book, 24 min ago	10.26 bp	15.3 bp −$15	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	0.05352	+0.032%	$5K	$42K	5x	as long as short
Binance CFXUSDTlong	+0.0100%	8h	0.05350	long leg	$5.3M	$9.9M	75x
Bybit CFXUSDT	+0.0100%	8h	0.05354	+0.075%	$2.4M	$1.3M	25x	as long as short
OKX CFX-USDT-SWAP	+0.0100%	8h	0.05353	+0.056%	$2.5M	$5.5M	20x	as long as short
Gate CFX_USDT	+0.0100%	8h	0.05350	0.000%	$1.1M	$2.5M	50x	as long as short
MEXC CFX_USDT	+0.0100%	8h	0.05350	0.000%	$3.2M	$1.8M	125x	as long as short
KuCoin CFXUSDTM	+0.0100%	8h	0.05351	+0.019%	$807K	$302K	75x	as long as short
Bitget CFXUSDT	+0.0100%	8h	0.05348	−0.037%	$1.6M	$1.4M	75x	as long as short
BingX CFX-USDT	+0.0100%	8h	0.05352	+0.037%	—	$20.1M	—	as long as short
Variational Omni CFX	+0.0100%	8h	0.05366	+0.291%	$38K	$50K	—	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	0.05361	+0.197%	$508K	$1.6M	10x	as long as short
Extended CFX-USD	+0.0104%	1h	0.05348	−0.029%	$2K	$268K	10x	as long as short
Coinbase International CFX-PERP-INTXshort	+0.0208%	1h	0.05358	+0.150%	$41K	$122K	50x
Kraken Futures PF_CFXUSD	+0.0577%	1h	0.05349	−0.018%	$32K	$11K	20x	as long as short
Hyperliquid CFX	+0.0681%	1h	0.05360	+0.191%	$3.2M	$360K	5x	as long as short
Deribit CFX_USDC-PERPETUAL	+0.2181%	1h	0.05360	+0.187%	$142	$29	10x	as long as short