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 Gate−0.019%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1251.247% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.086%+$9 on $10k
Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.019%, 7d avg +0.043%
Together, before fees+0.152%+$15 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 0.062% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CFX_USDT0.052590.0100pay 0.0100% / 8h2h 28m$1.1M$2.5M50x
ShortKuCoin CFXUSDTM0.052580.0100get 0.0100% / 8h2h 28m$798K$301K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: −0.019% → +0.043%
−$6.2
Slippage, 4 orders
−$97.71
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$130.91
Costs to cover
1.247%
Break-even
never at this rate
Slippage from Gate: live order book, 4 min ago; KuCoin: live order book, 1 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 Gate live order book, 4 min ago2.85 bp14.1 bp −$1428.5 bp −$285doesn't fitdoesn't fit
Sell KuCoin live order book, 1 min ago5.70 bp51.9 bp −$5290.1 bp −$901doesn'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%8h0.05262+0.059%$4K$41K5xas long as short
Binance CFXUSDT+0.0100%8h0.05257−0.038%$5.2M$10.0M75xas long as short
Bybit CFXUSDT+0.0100%8h0.052590.000%$2.3M$1.4M25xas long as short
OKX CFX-USDT-SWAP+0.0100%8h0.05256−0.057%$2.5M$5.5M20xas long as short
Gate CFX_USDTlong+0.0100%8h0.05259long leg$1.1M$2.5M50x
MEXC CFX_USDT+0.0100%8h0.05258−0.019%$3.4M$1.9M125xas long as short
KuCoin CFXUSDTMshort+0.0100%8h0.05258−0.019%$798K$301K75x
Bitget CFXUSDT+0.0100%8h0.05258−0.019%$1.5M$1.4M75xas long as short
BingX CFX-USDT+0.0100%8h0.052590.000%$23.0Mas long as short
Variational Omni CFX+0.0100%8h0.05269+0.194%$35K$52Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05271+0.223%$499K$1.6M10xas long as short
Extended CFX-USD+0.0104%1h0.05256−0.059%$4K$287K10xas long as short
Coinbase International CFX-PERP-INTX+0.0208%1h0.05316+1.084%$41K$121K50xas long as short
Kraken Futures PF_CFXUSD+0.0616%1h0.05269+0.198%$32K$11K20xas long as short
Hyperliquid CFX+0.0775%1h0.05272+0.251%$3.1M$380K5xas long as short
Deribit CFX_USDC-PERPETUAL+0.2029%1h0.05278+0.361%$139$2910xas long as short