Funding you earn now, next payment 09:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.074%
Price spread now: MEXC against Coinbase International−0.579%7-day average −0.209% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$930.931% of the position
Funding, last 7 days−0.300%−$30 on $10k
+Price spread, last 4 days (all we have)+0.620%+$62 · spread now −0.579%, 7d avg −0.209%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.371% cheaper against Coinbase International than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.209%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CFX-PERP-INTX | 0.05350 | 0.0320 | pay 0.0040% / 1h | 55m 34s | $36K | $111K | 50x |
| Short | MEXC CFX_USDT | 0.05319 | 0.0100 | get 0.0100% / 8h | 6h 55m | $3.6M | $1.8M | 125x |
Coinbase International CFX-PERP-INTX
MEXC CFX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$46.2
- Price spread: −0.579% → −0.209%
- −$37.08
- Slippage, 4 orders
- −$79.12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$176.4
- Costs to cover
- 0.931%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 37 min ago; MEXC: live order book, 2 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, 37 min ago | 6.62 bp | 40.9 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.87 bp | 7.3 bp −$7 | 10.3 bp −$103 | 55.2 bp −$5,521 | 95.4 bp −$47.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CFX | +0.0100% | 1h | 0.05328 | −0.417% | $3.2M | $413K | 5x | as long as short |
| Aster CFXUSDT | +0.0100% | 8h | 0.05316 | −0.634% | $4K | $33K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05315 | −0.647% | $5.3M | $9.1M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05319 | −0.579% | $2.5M | $1.4M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05315 | −0.654% | $2.6M | $5.1M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05322 | −0.523% | $1.1M | $1.9M | 50x | as long as short |
| MEXC CFX_USDTshort | +0.0100% | 8h | 0.05319 | −0.579% | $3.6M | $1.8M | 125x | |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05317 | −0.617% | $801K | $258K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05317 | −0.617% | $1.6M | $1.2M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05320 | −0.561% | — | $22.6M | — | as long as short |
Hyperliquid CFX
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
Gate CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CFX | +0.0100% | 8h | 0.05340 | −0.178% | $35K | $49K | — | as long as short |
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05355 | +0.089% | $507K | $1.4M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05318 | −0.597% | $1K | $262K | 10x | as long as short |
| Coinbase International CFX-PERP-INTXlong | +0.0320% | 1h | 0.05350 | long leg | $36K | $111K | 50x | |
| Kraken Futures PF_CFXUSD | +0.0642% | 1h | 0.05339 | −0.201% | $32K | $9K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.1436% | 1h | 0.05348 | −0.037% | $141 | $29 | 10x | as long as short |
Variational Omni CFX
GRVT CFX_USDT_Perp
Extended CFX-USD
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL