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 MEXC+0.075%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$310.308% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.051%+$5 on $10k
Price spread, last 7 days−0.053%−$5 · spread now +0.075%, 7d avg +0.006%
Together, before fees−0.003%$0 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 0.068% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC CFX_USDT0.053570.0100pay 0.0100% / 8h6h 44m$3.3M$1.7M125x
ShortBingX CFX-USDT0.053610.0100get 0.0100% / 8h6h 44m$20.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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: +0.075% → +0.006%
$6.83
Slippage, 4 orders
−$16.79
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
−$23.96
Costs to cover
0.308%
Break-even
never at this rate
Slippage from MEXC: live order book, 8 min ago; BingX: live order book, 9 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 MEXC live order book, 8 min ago1.87 bp6.7 bp −$78.9 bp −$8949.6 bp −$4,965100.0 bp −$50.0K
Sell BingX live order book, 9 min ago1.87 bp7.5 bp −$713.2 bp −$13247.5 bp −$4,752313.8 bp −$156.9K

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%8h0.05356−0.027%$5K$46K5xas long as short
Binance CFXUSDT+0.0100%8h0.05362+0.087%$5.4M$11.0M75xas long as short
Bybit CFXUSDT+0.0100%8h0.05364+0.131%$2.4M$1.6M25xas long as short
OKX CFX-USDT-SWAP+0.0100%8h0.05364+0.131%$2.6M$6.1M20xas long as short
Gate CFX_USDT+0.0100%8h0.05359+0.037%$1.1M$2.6M50xas long as short
MEXC CFX_USDTlong+0.0100%8h0.05357long leg$3.3M$1.7M125x
KuCoin CFXUSDTM+0.0100%8h0.05359+0.037%$879K$292K75xas long as short
Bitget CFXUSDT+0.0100%8h0.05362+0.093%$1.6M$1.4M75xas long as short
BingX CFX-USDTshort+0.0100%8h0.05361+0.075%$20.3M
Variational Omni CFX+0.0100%8h0.05356−0.015%$38K$41Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05366+0.168%$509K$1.8M10xas long as short
Extended CFX-USD+0.0104%1h0.05360+0.064%$2K$266K10xas long as short
Coinbase International CFX-PERP-INTX+0.0408%1h0.05364+0.131%$44K$165K50xas long as short
Hyperliquid CFX+0.1001%1h0.05372+0.276%$3.2M$384K5xas long as short
Kraken Futures PF_CFXUSD+0.1217%1h0.05370+0.241%$33K$23K20xas long as short
Deribit CFX_USDC-PERPETUAL+0.4223%1h0.05389+0.597%$142$2910xas long as short