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

CFX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.1516%/8h= −166.0% APRpaid last 24h −0.560%
Price spread now: BingX against Deribit−0.279%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$45 a day on $10k at the current rate, and BingX is 0.279% cheaper against Deribit than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit CFX_USDC-PERPETUAL0.053680.1616pay 0.0202% / 1h22m 05s$142$2910x
ShortBingX CFX-USDT0.053530.0100get 0.0100% / 8h2h 22m$18.2M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Deribit. 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
−$318.44
Price spread: −0.279% → 0.000%
−$27.94
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee BingX: 5 bp × 2 orders
−$10
Net
−$363.38
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Deribit: no order-book sample; BingX: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit no order-book sample
Sell BingX live order book, 1 min ago2.80 bp9.6 bp −$1015.2 bp −$15234.5 bp −$3,450283.0 bp −$141.5K
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Gate CFX_USDT+0.0001%8h0.05350−0.335%$1.1M$3.1M50xas long as short
Aster CFXUSDT+0.0100%8h0.05353−0.276%$5K$47K5xas long as short
Binance CFXUSDT+0.0100%8h0.05352−0.300%$5.4M$11.2M75xas long as short
Bybit CFXUSDT+0.0100%8h0.05357−0.205%$2.4M$1.8M25xas long as short
OKX CFX-USDT-SWAP+0.0100%8h0.05353−0.279%$2.5M$6.3M20xas long as short
MEXC CFX_USDT+0.0100%8h0.05354−0.261%$3.4M$1.8M125xas long as short
KuCoin CFXUSDTM+0.0100%8h0.05351−0.317%$886K$299K75xas long as short
Bitget CFXUSDT+0.0100%8h0.05352−0.298%$1.6M$1.6M75xas long as short
BingX CFX-USDTshort+0.0100%8h0.05353−0.279%$18.2M
Variational Omni CFX+0.0100%8h0.05347−0.395%$37K$41Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05342−0.484%$507K$2.0M10xas long as short
Extended CFX-USD+0.0104%1h0.05354−0.258%$132$253K10xas long as short
Coinbase International CFX-PERP-INTX+0.0384%1h0.05359−0.168%$35K$197K50xas long as short
Hyperliquid CFX+0.0708%1h0.05364−0.071%$3.2M$407K5xas long as short
Deribit CFX_USDC-PERPETUALlong+0.1616%1h0.05368long leg$142$2910x
Kraken Futures PF_CFXUSD+0.1693%1h0.05364−0.069%$33K$23K20xas long as short