Funding you earn now, next payment 22:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.076%
Price spread now: BingX against Coinbase International−0.634%7-day average −0.210% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$650.647% of the position
Funding, last 7 days−0.244%−$24 on $10k
+Price spread, last 3 days (all we have)+0.607%+$61 · spread now −0.634%, 7d avg −0.210%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BingX is 0.423% cheaper against Coinbase International than usual: you would sell low and buy high (−$42 if the spread goes back to its 7-day average of −0.210%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CFX-PERP-INTX | 0.05366 | 0.0392 | pay 0.0049% / 1h | 26m 35s | $35K | $197K | 50x |
| Short | BingX CFX-USDT | 0.05332 | 0.0100 | get 0.0100% / 8h | 1h 26m | — | $20.7M | — |
Coinbase International CFX-PERP-INTX
BingX CFX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$61.32
- Price spread: −0.634% → −0.210%
- −$42.33
- Slippage, 4 orders
- −$44.73
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$168.38
- Costs to cover
- 0.647%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 56 min ago; BingX: live order book, 2 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 Coinbase International live order book, 56 min ago | 12.14 bp | 24.1 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 0.94 bp | 9.0 bp −$9 | 15.3 bp −$153 | 42.7 bp −$4,269 | 328.0 bp −$164.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CFX_USDT | +0.0034% | 8h | 0.05331 | −0.652% | $1.1M | $3.0M | 50x | as long as short |
| Aster CFXUSDT | +0.0100% | 8h | 0.05335 | −0.587% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05335 | −0.571% | $5.4M | $11.2M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05335 | −0.578% | $2.4M | $1.8M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05330 | −0.671% | $2.5M | $6.3M | 20x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05334 | −0.596% | $3.4M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05336 | −0.559% | $883K | $297K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05332 | −0.634% | $1.6M | $1.6M | 75x | as long as short |
| BingX CFX-USDTshort | +0.0100% | 8h | 0.05332 | −0.634% | — | $20.7M | — | |
| Variational Omni CFX | +0.0100% | 8h | 0.05337 | −0.534% | $37K | $41K | — | as long as short |
Gate CFX_USDT
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05340 | −0.480% | $511K | $1.9M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05334 | −0.599% | $132 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTXlong | +0.0392% | 1h | 0.05366 | long leg | $35K | $197K | 50x | |
| Hyperliquid CFX | +0.0773% | 1h | 0.05346 | −0.378% | $3.2M | $406K | 5x | as long as short |
| Kraken Futures PF_CFXUSD | +0.2048% | 1h | 0.05345 | −0.388% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.2374% | 1h | 0.05349 | −0.317% | $141 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Hyperliquid CFX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL