Funding arb · Price arb /

CFX

all CFX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h +0.074%

Price spread now: Coinbase International against Gate+0.188%7-day average +0.254% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$960.955% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.344%+$34 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.188%, 7d avg +0.254%

Together, before fees+0.351%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.066% cheaper against Gate than usual: you would sell low and buy high (spread +0.188% now, against its 7-day average of +0.254%). If the spread goes back, that is −$7 on $10k: about 26 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CFX_USDT	0.05329	0.0100	pay 0.0100% / 8h	7h 51m	$1.1M	$2.0M	50x
Short	Coinbase International CFX-PERP-INTX	0.05339	0.0304	get 0.0038% / 1h	51m 05s	$35K	$111K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.188%Rate

Funding earned: $42.84
Price spread: +0.188% → +0.254%: −$6.62
Slippage, 4 orders: −$70.52
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$59.3
Costs to cover: 0.955%
Break-even: 16.7 days

Slippage from Gate: live order book, 2 min ago; Coinbase International: live order book, 47 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 Gate live order book, 2 min ago	3.76 bp	12.1 bp −$12	26.5 bp −$265	doesn't fit	doesn't fit
Sell Coinbase International live order book, 47 min ago	9.43 bp	19.6 bp −$20	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	0.05328	−0.024%	$4K	$33K	5x	as long as short
Binance CFXUSDT	+0.0100%	8h	0.05331	+0.038%	$5.3M	$9.4M	75x	as long as short
Bybit CFXUSDT	+0.0100%	8h	0.05335	+0.113%	$2.5M	$1.4M	25x	as long as short
OKX CFX-USDT-SWAP	+0.0100%	8h	0.05331	+0.038%	$2.6M	$5.4M	20x	as long as short
Gate CFX_USDTlong	+0.0100%	8h	0.05329	long leg	$1.1M	$2.0M	50x
MEXC CFX_USDT	+0.0100%	8h	0.05332	+0.056%	$3.5M	$1.8M	125x	as long as short
KuCoin CFXUSDTM	+0.0100%	8h	0.05326	−0.056%	$805K	$288K	75x	as long as short
Bitget CFXUSDT	+0.0100%	8h	0.05330	+0.019%	$1.5M	$1.3M	75x	as long as short
BingX CFX-USDT	+0.0100%	8h	0.05332	+0.056%	—	$22.6M	—	as long as short
Variational Omni CFX	+0.0100%	8h	0.05317	−0.223%	$35K	$51K	—	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	0.05322	−0.131%	$504K	$1.5M	10x	as long as short
Extended CFX-USD	+0.0104%	1h	0.05329	+0.008%	$3K	$263K	10x	as long as short
Hyperliquid CFX	+0.0184%	1h	0.05339	+0.190%	$3.2M	$392K	5x	as long as short
Coinbase International CFX-PERP-INTXshort	+0.0304%	1h	0.05339	+0.188%	$35K	$111K	50x
Kraken Futures PF_CFXUSD	+0.1748%	1h	0.05332	+0.052%	$32K	$10K	20x	as long as short
Deribit CFX_USDC-PERPETUAL	+0.2001%	1h	0.05344	+0.281%	$141	$29	10x	as long as short