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: BingX against KuCoin+0.057%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1191.189% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.057%, 7d avg −0.002%
Together, before fees−0.060%−$6 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: BingX is 0.058% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CFXUSDTM0.053050.0100pay 0.0100% / 8h13m 34s$801K$288K75x
ShortBingX CFX-USDT0.053080.0100get 0.0100% / 8h13m 34s$22.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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: +0.057% → −0.002%
$5.81
Slippage, 4 orders
−$96.89
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$113.08
Costs to cover
1.189%
Break-even
never at this rate
Slippage from KuCoin: live order book, 1 min ago; BingX: live order book, 5 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 KuCoin live order book, 1 min ago9.42 bp47.3 bp −$4797.3 bp −$973doesn't fitdoesn't fit
Sell BingX live order book, 5 min ago2.83 bp9.3 bp −$916.7 bp −$16750.7 bp −$5,075349.6 bp −$174.8K

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%8h0.05305+0.005%$4K$41K5xas long as short
Binance CFXUSDT+0.0100%8h0.05306+0.011%$5.3M$9.5M75xas long as short
Bybit CFXUSDT+0.0100%8h0.05309+0.075%$2.5M$1.4M25xas long as short
OKX CFX-USDT-SWAP+0.0100%8h0.05306+0.019%$2.5M$5.4M20xas long as short
Gate CFX_USDT+0.0100%8h0.05304−0.019%$1.1M$2.3M50xas long as short
MEXC CFX_USDT+0.0100%8h0.053050.000%$3.4M$1.8M125xas long as short
KuCoin CFXUSDTMlong+0.0100%8h0.05305long leg$801K$288K75x
Bitget CFXUSDT+0.0100%8h0.05303−0.038%$1.5M$1.3M75xas long as short
BingX CFX-USDTshort+0.0100%8h0.05308+0.057%$22.6M
Variational Omni CFX+0.0100%8h0.05307+0.032%$35K$51Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05305+0.005%$502K$1.5M10xas long as short
Extended CFX-USD+0.0104%1h0.05304−0.027%$443$263K10xas long as short
Coinbase International CFX-PERP-INTX+0.0272%1h0.05314+0.170%$36K$110K50xas long as short
Hyperliquid CFX+0.0523%1h0.05316+0.211%$3.2M$395K5xas long as short
Kraken Futures PF_CFXUSD+0.1065%1h0.05315+0.196%$32K$10K20xas long as short
Deribit CFX_USDC-PERPETUAL+0.2010%1h0.05321+0.302%$140$2910xas long as short