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

CFX

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SwapBacktest
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: Binance against Bitget−0.004%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$740.743% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.048%−$5 on $10k
Price spread, last 7 days+0.108%+$11 · spread now −0.004%, 7d avg +0.034%
Together, before fees+0.060%+$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: Binance is 0.038% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget CFXUSDT0.053020.0100pay 0.0100% / 8h2h 18m$1.5M$1.4M75x
ShortBinance CFXUSDT0.053020.0100get 0.0100% / 8h2h 18m$5.2M$10.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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: −0.004% → +0.034%
−$3.83
Slippage, 4 orders
−$52.35
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$78.18
Costs to cover
0.743%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 7 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 Bitget live order book, 4 min ago3.78 bp17.7 bp −$1838.5 bp −$385doesn't fitdoesn't fit
Sell Binance live order book, 7 min ago1.90 bp18.5 bp −$1854.5 bp −$545doesn'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
Aster CFXUSDT+0.0100%8h0.05301−0.013%$4K$41K5xas long as short
Binance CFXUSDTshort+0.0100%8h0.05302−0.004%$5.2M$10.0M75x
Bybit CFXUSDT+0.0100%8h0.05303+0.019%$2.3M$1.4M25xas long as short
OKX CFX-USDT-SWAP+0.0100%8h0.05300−0.038%$2.6M$5.6M20xas long as short
Gate CFX_USDT+0.0100%8h0.05301−0.019%$1.1M$2.5M50xas long as short
MEXC CFX_USDT+0.0100%8h0.053020.000%$3.4M$1.9M125xas long as short
KuCoin CFXUSDTM+0.0100%8h0.05298−0.075%$803K$301K75xas long as short
Bitget CFXUSDTlong+0.0100%8h0.05302long leg$1.5M$1.4M75x
BingX CFX-USDT+0.0100%8h0.053020.000%$23.0Mas long as short
Variational Omni CFX+0.0100%8h0.05286−0.310%$35K$52Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05275−0.509%$500K$1.6M10xas long as short
Extended CFX-USD+0.0104%1h0.05301−0.015%$662$290K10xas long as short
Coinbase International CFX-PERP-INTX+0.0208%1h0.05300−0.038%$39K$122K50xas long as short
Kraken Futures PF_CFXUSD+0.0612%1h0.05308+0.106%$32K$11K20xas long as short
Hyperliquid CFX+0.0721%1h0.05311+0.164%$3.1M$380K5xas long as short
Deribit CFX_USDC-PERPETUAL+0.2012%1h0.05316+0.264%$140$2910xas long as short