Settings8H · net · $10k
Funding arb · Price arb /

CFX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.1019%/8h= +111.6% APRnext payment +$1.27 per $10,000 · paid last 24h +0.195%
Price spread now: Deribit against Kraken Futures+0.121%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Deribit is 0.121% dearer against Kraken Futures than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_CFXUSD0.053340.0795pay 0.0099% / 1h48m 51s$32K$10K20x
ShortDeribit CFX_USDC-PERPETUAL0.053400.1814get 0.0227% / 1h48m 51s$141$2910x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$213.95
Price spread: +0.121% → 0.000%
$12.13
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$209.08
Costs to cover
0.170%
Break-even
0.2 days
Slippage unknown: Kraken Futures: no order-book sample; Deribit: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample
Sell Deribit no order-book sample
Kraken Futures and Deribit: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CFXUSDT+0.0100%8h0.05328−0.094%$4K$41K5xas long as short
Binance CFXUSDT+0.0100%8h0.05329−0.083%$5.3M$10.1M75xas long as short
Bybit CFXUSDT+0.0100%8h0.05333−0.010%$2.4M$1.4M25xas long as short
OKX CFX-USDT-SWAP+0.0100%8h0.05330−0.066%$2.6M$5.7M20xas long as short
Gate CFX_USDT+0.0100%8h0.05328−0.104%$1.1M$2.4M50xas long as short
MEXC CFX_USDT+0.0100%8h0.05329−0.085%$3.4M$1.8M125xas long as short
KuCoin CFXUSDTM+0.0100%8h0.05326−0.141%$807K$299K75xas long as short
Bitget CFXUSDT+0.0100%8h0.05328−0.104%$1.5M$1.4M75xas long as short
BingX CFX-USDT+0.0100%8h0.05332−0.029%$23.0Mas long as short
Variational Omni CFX+0.0100%8h0.05330−0.073%$35K$52Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05325−0.169%$504K$1.6M10xas long as short
Extended CFX-USD+0.0104%1h0.05327−0.120%$5K$292K10xas long as short
Coinbase International CFX-PERP-INTX+0.0192%1h0.05333−0.010%$36K$126K50xas long as short
Hyperliquid CFX+0.0741%1h0.05341+0.148%$3.2M$383K5xas long as short
Kraken Futures PF_CFXUSDlong+0.0795%1h0.05334long leg$32K$10K20x
Deribit CFX_USDC-PERPETUALshort+0.1814%1h0.05340+0.121%$141$2910x