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 KuCoin0.000%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1461.460% 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 4 days (all we have)−0.004%$0 · spread now 0.000%, 7d avg +0.026%
Together, before fees−0.004%$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 0.026% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.026%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CFXUSDTM0.053100.0100pay 0.0100% / 8h1h 02m$802K$295K75x
ShortBybit CFXUSDT0.053100.0100get 0.0100% / 8h1h 02m$2.4M$1.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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: 0.000% → +0.026%
−$2.57
Slippage, 4 orders
−$122.95
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$148.52
Costs to cover
1.460%
Break-even
never at this rate
Slippage from KuCoin: live order book, 21 min ago; Bybit: live order book, 4 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 KuCoin live order book, 21 min ago8.44 bp43.7 bp −$4487.0 bp −$870doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago2.82 bp25.1 bp −$2578.7 bp −$787doesn'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%8h0.05310−0.002%$4K$41K5xas long as short
Binance CFXUSDT+0.0100%8h0.05308−0.034%$5.3M$10.0M75xas long as short
Bybit CFXUSDTshort+0.0100%8h0.053100.000%$2.4M$1.4M25x
OKX CFX-USDT-SWAP+0.0100%8h0.05307−0.056%$2.5M$5.6M20xas long as short
Gate CFX_USDT+0.0100%8h0.05308−0.038%$1.1M$2.5M50xas long as short
MEXC CFX_USDT+0.0100%8h0.05309−0.019%$3.4M$1.9M125xas long as short
KuCoin CFXUSDTMlong+0.0100%8h0.05310long leg$802K$295K75x
Bitget CFXUSDT+0.0100%8h0.05304−0.113%$1.5M$1.3M75xas long as short
BingX CFX-USDT+0.0100%8h0.053100.000%$22.7Mas long as short
Variational Omni CFX+0.0100%8h0.05325+0.284%$35K$51Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05321+0.207%$504K$1.5M10xas long as short
Extended CFX-USD+0.0104%1h0.05307−0.063%$3K$238K10xas long as short
Coinbase International CFX-PERP-INTX+0.0192%1h0.05340+0.565%$36K$126K50xas long as short
Hyperliquid CFX+0.0647%1h0.05316+0.122%$3.2M$392K5xas long as short
Kraken Futures PF_CFXUSD+0.0798%1h0.05313+0.053%$32K$10K20xas long as short
Deribit CFX_USDC-PERPETUAL+0.2199%1h0.05321+0.207%$140$2910xas long as short