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: KuCoin against Bybit−0.094%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1551.547% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.094%, 7d avg −0.023%
Together, before fees+0.108%+$11 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 0.072% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit CFXUSDT0.053090.0100pay 0.0100% / 8h2h 50m$2.4M$1.3M25x
ShortKuCoin CFXUSDTM0.053040.0100get 0.0100% / 8h2h 50m$805K$301K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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: −0.094% → −0.023%
−$7.16
Slippage, 4 orders
−$131.66
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$161.82
Costs to cover
1.547%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 44 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 Bybit live order book, 2 min ago2.83 bp31.4 bp −$31896.8 bp −$8,968doesn't fitdoesn't fit
Sell KuCoin live order book, 44 min ago7.50 bp51.9 bp −$5296.9 bp −$969doesn'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%8h0.05306−0.065%$4K$41K5xas long as short
Binance CFXUSDT+0.0100%8h0.05305−0.068%$5.2M$9.9M75xas long as short
Bybit CFXUSDTlong+0.0100%8h0.05309long leg$2.4M$1.3M25x
OKX CFX-USDT-SWAP+0.0100%8h0.05301−0.151%$2.5M$5.5M20xas long as short
Gate CFX_USDT+0.0100%8h0.05306−0.057%$1.1M$2.4M50xas long as short
MEXC CFX_USDT+0.0100%8h0.05306−0.057%$3.4M$1.8M125xas long as short
KuCoin CFXUSDTMshort+0.0100%8h0.05304−0.094%$805K$301K75x
Bitget CFXUSDT+0.0100%8h0.05306−0.057%$1.6M$1.4M75xas long as short
BingX CFX-USDT+0.0100%8h0.05305−0.075%$20.1Mas long as short
Variational Omni CFX+0.0100%8h0.05313+0.077%$35K$52Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05302−0.123%$502K$1.6M10xas long as short
Extended CFX-USD+0.0104%1h0.05305−0.083%$4K$288K10xas long as short
Coinbase International CFX-PERP-INTX+0.0208%1h0.05316+0.132%$41K$121K50xas long as short
Kraken Futures PF_CFXUSD+0.0612%1h0.05308−0.016%$32K$11K20xas long as short
Hyperliquid CFX+0.0834%1h0.05315+0.105%$3.2M$367K5xas long as short
Deribit CFX_USDC-PERPETUAL+0.2201%1h0.05317+0.151%$140$2910xas long as short