Funding you earn now, next payment 22:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.076%
Price spread now: Binance against Coinbase International−0.596%7-day average −0.206% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$840.843% of the position
Funding, last 7 days−0.309%−$31 on $10k
+Price spread, last 3 days (all we have)+0.573%+$57 · spread now −0.596%, 7d avg −0.206%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 0.390% cheaper against Coinbase International than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.206%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CFX-PERP-INTX | 0.05366 | 0.0392 | pay 0.0049% / 1h | 30m 54s | $35K | $197K | 50x |
| Short | Binance CFXUSDT | 0.05334 | 0.0100 | get 0.0100% / 8h | 1h 30m | $5.4M | $11.2M | 75x |
Coinbase International CFX-PERP-INTX
Binance CFXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$61.32
- Price spread: −0.596% → −0.206%
- −$39.05
- Slippage, 4 orders
- −$64.32
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$184.69
- Costs to cover
- 0.843%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 52 min ago; Binance: live order book, 9 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 Coinbase International live order book, 52 min ago | 12.14 bp | 24.1 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.93 bp | 13.9 bp −$14 | 41.3 bp −$413 | 446.9 bp −$44.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CFX_USDT | +0.0024% | 8h | 0.05330 | −0.671% | $1.1M | $3.0M | 50x | as long as short |
| Aster CFXUSDT | +0.0100% | 8h | 0.05333 | −0.619% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDTshort | +0.0100% | 8h | 0.05334 | −0.596% | $5.4M | $11.2M | 75x | |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05334 | −0.596% | $2.4M | $1.8M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05328 | −0.708% | $2.5M | $6.3M | 20x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05332 | −0.634% | $3.4M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05336 | −0.559% | $883K | $297K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05334 | −0.596% | $1.6M | $1.6M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05333 | −0.615% | — | $20.7M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05343 | −0.421% | $37K | $41K | — | as long as short |
Gate CFX_USDT
Aster CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05344 | −0.411% | $511K | $1.9M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05332 | −0.640% | $132 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTXlong | +0.0392% | 1h | 0.05366 | long leg | $35K | $197K | 50x | |
| Hyperliquid CFX | +0.0747% | 1h | 0.05342 | −0.445% | $3.2M | $406K | 5x | as long as short |
| Kraken Futures PF_CFXUSD | +0.2051% | 1h | 0.05336 | −0.568% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.2375% | 1h | 0.05347 | −0.354% | $141 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Hyperliquid CFX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL