Funding you earn now, next payment 00:00 UTC−0.0465%/8h= −50.9% APRnext payment −$0.58 per $10,000 · paid last 24h −0.356%
Price spread now: Coinbase International against Kraken Futures−0.108%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Coinbase International is 0.108% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_CFXUSD | 0.05405 | 0.0849 | pay 0.0106% / 1h | 25m 35s | $33K | $23K | 20x |
| Short | Coinbase International CFX-PERP-INTX | 0.05399 | 0.0384 | get 0.0048% / 1h | 25m 35s | $35K | $125K | 50x |
Kraken Futures PF_CFXUSD
Coinbase International CFX-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Kraken Futures. 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
- −$97.58
- Price spread: −0.108% → 0.000%
- −$10.81
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$128.38
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Coinbase International: live order book, 47 min ago. Net counts fees only.
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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 47 min ago | 15.82 bp | 22.5 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.05398 | −0.132% | $5K | $45K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05399 | −0.109% | $5.5M | $10.6M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05404 | −0.016% | $2.4M | $1.7M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05393 | −0.219% | $2.5M | $6.0M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05399 | −0.108% | $1.1M | $2.8M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05398 | −0.127% | $3.4M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05397 | −0.145% | $880K | $291K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05404 | −0.016% | $1.6M | $1.4M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05403 | −0.034% | — | $20.6M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05400 | −0.088% | $38K | $41K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
Gate CFX_USDT
MEXC 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 | 0.05385 | −0.367% | $511K | $1.8M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05398 | −0.135% | $3K | $316K | 10x | as long as short |
| Coinbase International CFX-PERP-INTXshort | +0.0384% | 1h | 0.05399 | −0.108% | $35K | $125K | 50x | |
| Hyperliquid CFX | +0.0796% | 1h | 0.05410 | +0.099% | $3.2M | $376K | 5x | as long as short |
| Kraken Futures PF_CFXUSDlong | +0.0849% | 1h | 0.05405 | long leg | $33K | $23K | 20x | |
| Deribit CFX_USDC-PERPETUAL | +0.2159% | 1h | 0.05411 | +0.114% | $143 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Hyperliquid CFX
Deribit CFX_USDC-PERPETUAL