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: Bybit against KuCoin+0.074%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1601.601% 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)−0.078%−$8 · spread now +0.074%, 7d avg +0.023%
Together, before fees−0.078%−$8 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: Bybit is 0.052% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CFXUSDTM0.053930.0100pay 0.0100% / 8h7h 28m$881K$292K75x
ShortBybit CFXUSDT0.053970.0100get 0.0100% / 8h7h 28m$2.4M$1.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: +0.074% → +0.023%
$5.16
Slippage, 4 orders
−$137.14
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$154.97
Costs to cover
1.601%
Break-even
never at this rate
Slippage from KuCoin: live order book, 26 min ago; Bybit: live order book, 4 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, 26 min ago8.35 bp50.1 bp −$5091.0 bp −$910doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago2.79 bp32.8 bp −$33171.7 bp −$1,717doesn'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%8h0.05392−0.027%$5K$45K5xas long as short
Binance CFXUSDT+0.0100%8h0.05392−0.014%$5.4M$10.6M75xas long as short
Bybit CFXUSDTshort+0.0100%8h0.05397+0.074%$2.4M$1.7M25x
OKX CFX-USDT-SWAP+0.0100%8h0.05390−0.056%$2.5M$6.0M20xas long as short
Gate CFX_USDT+0.0100%8h0.05390−0.056%$1.1M$2.8M50xas long as short
MEXC CFX_USDT+0.0100%8h0.05391−0.037%$3.4M$1.8M125xas long as short
KuCoin CFXUSDTMlong+0.0100%8h0.05393long leg$881K$292K75x
Bitget CFXUSDT+0.0100%8h0.05392−0.019%$1.6M$1.4M75xas long as short
BingX CFX-USDT+0.0100%8h0.05392−0.019%$20.6Mas long as short
Variational Omni CFX+0.0100%8h0.05387−0.108%$38K$41Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05385−0.148%$511K$1.8M10xas long as short
Extended CFX-USD+0.0104%1h0.05391−0.038%$3K$330K10xas long as short
Coinbase International CFX-PERP-INTX+0.0384%1h0.05399+0.111%$35K$125K50xas long as short
Hyperliquid CFX+0.0781%1h0.05403+0.191%$3.2M$376K5xas long as short
Kraken Futures PF_CFXUSD+0.0850%1h0.05397+0.075%$33K$23K20xas long as short
Deribit CFX_USDC-PERPETUAL+0.2717%1h0.05408+0.278%$143$2910xas long as short