Funding arb · Price arb /

CFX

all CFX markets

Swap Backtest

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: OKX against KuCoin0.000%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1321.317% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now 0.000%, 7d avg −0.041%

Together, before fees−0.019%−$2 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: OKX is 0.041% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CFXUSDTM	0.05330	0.0100	pay 0.0100% / 8h	1h 20m	$808K	$299K	75x
Short	OKX CFX-USDT-SWAP	0.05330	0.0100	get 0.0100% / 8h	1h 20m	$2.6M	$5.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee KuCoinbpFee OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.041%: $4.13
Slippage, 4 orders: −$109.73
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$127.6
Costs to cover: 1.317%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; OKX: 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 KuCoin live order book, 4 min ago	8.44 bp	43.7 bp −$44	87.0 bp −$870	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.82 bp	16.5 bp −$17	61.0 bp −$610	doesn't fit	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
Aster CFXUSDT	+0.0100%	8h	0.05329	−0.015%	$4K	$41K	5x	as long as short
Binance CFXUSDT	+0.0100%	8h	0.05330	0.000%	$5.3M	$10.0M	75x	as long as short
Bybit CFXUSDT	+0.0100%	8h	0.05333	+0.056%	$2.5M	$1.4M	25x	as long as short
OKX CFX-USDT-SWAPshort	+0.0100%	8h	0.05330	0.000%	$2.6M	$5.7M	20x
Gate CFX_USDT	+0.0100%	8h	0.05329	−0.019%	$1.1M	$2.5M	50x	as long as short
MEXC CFX_USDT	+0.0100%	8h	0.05329	−0.019%	$3.4M	$1.8M	125x	as long as short
KuCoin CFXUSDTMlong	+0.0100%	8h	0.05330	long leg	$808K	$299K	75x
Bitget CFXUSDT	+0.0100%	8h	0.05328	−0.038%	$1.5M	$1.3M	75x	as long as short
BingX CFX-USDT	+0.0100%	8h	0.05330	0.000%	—	$23.0M	—	as long as short
Variational Omni CFX	+0.0100%	8h	0.05331	+0.011%	$35K	$51K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CFX_USDT_Perp	+0.0100%	8h	0.05328	−0.037%	$505K	$1.5M	10x	as long as short
Extended CFX-USD	+0.0104%	1h	0.05329	−0.024%	$867	$234K	10x	as long as short
Coinbase International CFX-PERP-INTX	+0.0192%	1h	0.05340	+0.188%	$36K	$126K	50x	as long as short
Hyperliquid CFX	+0.0708%	1h	0.05338	+0.150%	$3.2M	$392K	5x	as long as short
Kraken Futures PF_CFXUSD	+0.0795%	1h	0.05333	+0.060%	$32K	$10K	20x	as long as short
Deribit CFX_USDC-PERPETUAL	+0.2002%	1h	0.05340	+0.188%	$141	$29	10x	as long as short