Funding arb · Price arb /

CFX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.076%

Price spread now: Coinbase International against KuCoin+0.245%7-day average +0.208% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1401.404% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.254%+$25 on $10k

Price spread, last 4 days (all we have)−0.191%−$19 · spread now +0.245%, 7d avg +0.208%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.038% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.208%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CFXUSDTM	0.05303	0.0100	pay 0.0100% / 8h	2h 49m	$804K	$301K	75x
Short	Coinbase International CFX-PERP-INTX	0.05316	0.0208	get 0.0026% / 1h	49m 35s	$41K	$121K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.245%Rate

Funding earned: $22.68
Price spread: +0.245% → +0.208%: $3.75
Slippage, 4 orders: −$118.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$113.97
Costs to cover: 1.404%
Break-even: 42.2 days

Slippage from KuCoin: live order book, 45 min ago; Coinbase International: live order book, 63 min ago.

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 KuCoin live order book, 45 min ago	7.50 bp	40.9 bp −$41	85.6 bp −$856	doesn't fit	doesn't fit
Sell Coinbase International live order book, 63 min ago	10.26 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit

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	0.05305	+0.039%	$4K	$41K	5x	as long as short
Binance CFXUSDT	+0.0100%	8h	0.05305	+0.038%	$5.2M	$9.9M	75x	as long as short
Bybit CFXUSDT	+0.0100%	8h	0.05307	+0.075%	$2.4M	$1.3M	25x	as long as short
OKX CFX-USDT-SWAP	+0.0100%	8h	0.05302	−0.019%	$2.5M	$5.5M	20x	as long as short
Gate CFX_USDT	+0.0100%	8h	0.05305	+0.038%	$1.1M	$2.4M	50x	as long as short
MEXC CFX_USDT	+0.0100%	8h	0.05304	+0.019%	$3.4M	$1.8M	125x	as long as short
KuCoin CFXUSDTMlong	+0.0100%	8h	0.05303	long leg	$804K	$301K	75x
Bitget CFXUSDT	+0.0100%	8h	0.05305	+0.038%	$1.6M	$1.4M	75x	as long as short
BingX CFX-USDT	+0.0100%	8h	0.05305	+0.038%	—	$20.1M	—	as long as short
Variational Omni CFX	+0.0100%	8h	0.05313	+0.190%	$35K	$52K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CFX_USDT_Perp	+0.0100%	8h	0.05310	+0.123%	$503K	$1.6M	10x	as long as short
Extended CFX-USD	+0.0104%	1h	0.05304	+0.012%	$4K	$288K	10x	as long as short
Coinbase International CFX-PERP-INTXshort	+0.0208%	1h	0.05316	+0.245%	$41K	$121K	50x
Kraken Futures PF_CFXUSD	+0.0612%	1h	0.05308	+0.097%	$32K	$11K	20x	as long as short
Hyperliquid CFX	+0.0832%	1h	0.05316	+0.238%	$3.2M	$367K	5x	as long as short
Deribit CFX_USDC-PERPETUAL	+0.2201%	1h	0.05317	+0.264%	$140	$29	10x	as long as short