Settings8H · net · $10k
Funding arb · Price arb /

CFX

all CFX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h +0.076%
Price spread now: Coinbase International against BingX+0.204%7-day average +0.208% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$630.625% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.246%+$25 on $10k
Price spread, last 3 days (all we have)−0.128%−$13 · spread now +0.204%, 7d avg +0.208%
Together, before fees+0.117%+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.208%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CFX-USDT0.053970.0100pay 0.0100% / 8h7h 59m$20.7M
ShortCoinbase International CFX-PERP-INTX0.054080.0384get 0.0048% / 1h59m 04s$35K$160K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$59.64
Price spread: +0.204% → +0.208%
−$0.45
Slippage, 4 orders
−$42.54
Fee BingX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$3.35
Costs to cover
0.625%
Break-even
7.4 days
Slippage from BingX: live order book, 14 min ago; Coinbase International: live order book, 14 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, 14 min ago0.93 bp6.9 bp −$711.9 bp −$11937.7 bp −$3,774328.5 bp −$164.3K
Sell Coinbase International live order book, 14 min ago15.82 bp22.5 bp −$23doesn't fitdoesn'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%8h0.05398+0.024%$5K$47K5xas long as short
Binance CFXUSDT+0.0100%8h0.05396−0.013%$5.4M$11.0M75xas long as short
Bybit CFXUSDT+0.0100%8h0.05401+0.074%$2.4M$1.8M25xas long as short
OKX CFX-USDT-SWAP+0.0100%8h0.05392−0.093%$2.5M$6.2M20xas long as short
Gate CFX_USDT+0.0100%8h0.05396−0.019%$1.1M$2.8M50xas long as short
MEXC CFX_USDT+0.0100%8h0.053970.000%$3.4M$1.8M125xas long as short
KuCoin CFXUSDTM+0.0100%8h0.05400+0.056%$890K$294K75xas long as short
Bitget CFXUSDT+0.0100%8h0.05400+0.056%$1.6M$1.5M75xas long as short
BingX CFX-USDTlong+0.0100%8h0.05397long leg$20.7M
Variational Omni CFX+0.0100%8h0.05395−0.041%$38K$41Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05393−0.074%$511K$1.9M10xas long as short
Extended CFX-USD+0.0104%1h0.05396−0.026%$134$251K10xas long as short
Hyperliquid CFX+0.0352%1h0.05406+0.169%$3.2M$388K5xas long as short
Coinbase International CFX-PERP-INTXshort+0.0384%1h0.05408+0.204%$35K$160K50x
Kraken Futures PF_CFXUSD+0.0849%1h0.05402+0.101%$33K$23K20xas long as short
Deribit CFX_USDC-PERPETUAL+0.4197%1h0.05421+0.445%$143$2910xas long as short