Funding you earn now, next payment 05:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.076%
Price spread now: MEXC against Coinbase International−0.941%7-day average −0.207% · you buy dearer than you sell
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$226as in the Price arb table
costs, in and out, $10k−$1531.526% of the position
Funding, last 7 days−0.304%−$30 on $10k
+Price spread, last 4 days (all we have)+0.855%+$85 · spread now −0.941%, 7d avg −0.207%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.734% cheaper against Coinbase International than usual: you would sell low and buy high (−$73 if the spread goes back to its 7-day average of −0.207%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CFX-PERP-INTX | 0.05316 | 0.0208 | pay 0.0026% / 1h | 29m 01s | $41K | $121K | 50x |
| Short | MEXC CFX_USDT | 0.05266 | 0.0100 | get 0.0100% / 8h | 2h 29m | $3.4M | $1.9M | 125x |
Coinbase International CFX-PERP-INTX
MEXC CFX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$22.68
- Price spread: −0.941% → −0.207%
- −$73.4
- Slippage, 4 orders
- −$138.55
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$248.63
- Costs to cover
- 1.526%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 19 min ago; MEXC: live order book, 3 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, 19 min ago | 12.30 bp | 120.5 bp −$121 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.90 bp | 7.6 bp −$8 | 10.3 bp −$103 | 47.2 bp −$4,720 | 90.5 bp −$45.3K |
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 | 0.05265 | −0.967% | $4K | $41K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05262 | −1.016% | $5.2M | $10.0M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05264 | −0.978% | $2.3M | $1.4M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05260 | −1.053% | $2.5M | $5.5M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05265 | −0.959% | $1.1M | $2.5M | 50x | as long as short |
| MEXC CFX_USDTshort | +0.0100% | 8h | 0.05266 | −0.941% | $3.4M | $1.9M | 125x | |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05266 | −0.941% | $799K | $301K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05263 | −0.997% | $1.5M | $1.4M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05267 | −0.922% | — | $23.0M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05269 | −0.881% | $35K | $52K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
Gate CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDT
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 | 0.05271 | −0.852% | $499K | $1.6M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05268 | −0.901% | $4K | $287K | 10x | as long as short |
| Coinbase International CFX-PERP-INTXlong | +0.0208% | 1h | 0.05316 | long leg | $41K | $121K | 50x | |
| Kraken Futures PF_CFXUSD | +0.0616% | 1h | 0.05269 | −0.876% | $32K | $11K | 20x | as long as short |
| Hyperliquid CFX | +0.0778% | 1h | 0.05275 | −0.767% | $3.1M | $380K | 5x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.2029% | 1h | 0.05278 | −0.715% | $139 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Kraken Futures PF_CFXUSD
Hyperliquid CFX
Deribit CFX_USDC-PERPETUAL