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 BingX+0.056%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$750.750% 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 7 days−0.003%$0 · spread now +0.056%, 7d avg +0.034%
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: Bybit is 0.022% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CFX-USDT0.053500.0100pay 0.0100% / 8h3h 59m$20.2M
ShortBybit CFXUSDT0.053530.0100get 0.0100% / 8h3h 59m$2.4M$1.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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: +0.056% → +0.034%
$2.2
Slippage, 4 orders
−$54.03
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$72.84
Costs to cover
0.750%
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; Bybit: live order book, 3 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 BingX live order book, 4 min ago0.93 bp7.7 bp −$814.3 bp −$14336.6 bp −$3,661307.6 bp −$153.8K
Sell Bybit live order book, 3 min ago2.80 bp29.9 bp −$30126.1 bp −$1,261doesn'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%8h0.05354+0.066%$5K$43K5xas long as short
Binance CFXUSDT+0.0100%8h0.05351+0.014%$5.3M$10.0M75xas long as short
Bybit CFXUSDTshort+0.0100%8h0.05353+0.056%$2.4M$1.3M25x
OKX CFX-USDT-SWAP+0.0100%8h0.05344−0.112%$2.5M$5.6M20xas long as short
Gate CFX_USDT+0.0100%8h0.05351+0.019%$1.1M$2.5M50xas long as short
MEXC CFX_USDT+0.0100%8h0.05348−0.037%$3.2M$1.8M125xas long as short
KuCoin CFXUSDTM+0.0100%8h0.05352+0.037%$807K$302K75xas long as short
Bitget CFXUSDT+0.0100%8h0.05349−0.019%$1.6M$1.4M75xas long as short
BingX CFX-USDTlong+0.0100%8h0.05350long leg$20.2M
Variational Omni CFX+0.0100%8h0.05357+0.123%$38K$50Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05355+0.099%$508K$1.6M10xas long as short
Extended CFX-USD+0.0104%1h0.05350+0.001%$3K$266K10xas long as short
Coinbase International CFX-PERP-INTX+0.0208%1h0.05364+0.262%$42K$123K50xas long as short
Hyperliquid CFX+0.0359%1h0.05355+0.097%$3.2M$361K5xas long as short
Kraken Futures PF_CFXUSD+0.0577%1h0.05349−0.019%$32K$11K20xas long as short
Deribit CFX_USDC-PERPETUAL+0.3676%1h0.05370+0.374%$142$2910xas long as short