Funding arb · Price arb /

CFX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC0.000%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$540.535% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 7 days−0.067%−$7 · spread now 0.000%, 7d avg −0.035%

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: Bitget is 0.035% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CFX_USDT	0.05355	0.0100	pay 0.0100% / 8h	2h 21m	$3.4M	$1.8M	125x
Short	Bitget CFXUSDT	0.05355	0.0100	get 0.0100% / 8h	2h 21m	$1.6M	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.035%: $3.53
Slippage, 4 orders: −$37.54
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$50.01
Costs to cover: 0.535%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Bitget: live order book, 5 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 MEXC live order book, 5 min ago	1.87 bp	7.4 bp −$7	9.2 bp −$92	53.1 bp −$5,307	97.0 bp −$48.5K
Sell Bitget live order book, 5 min ago	3.74 bp	27.0 bp −$27	65.3 bp −$653	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
Gate CFX_USDT	+0.0004%	8h	0.05355	0.000%	$1.1M	$3.1M	50x	as long as short
Aster CFXUSDT	+0.0100%	8h	0.05352	−0.055%	$5K	$47K	5x	as long as short
Binance CFXUSDT	+0.0100%	8h	0.05354	−0.021%	$5.4M	$11.2M	75x	as long as short
Bybit CFXUSDT	+0.0100%	8h	0.05357	+0.037%	$2.4M	$1.8M	25x	as long as short
OKX CFX-USDT-SWAP	+0.0100%	8h	0.05356	+0.019%	$2.5M	$6.4M	20x	as long as short
MEXC CFX_USDTlong	+0.0100%	8h	0.05355	long leg	$3.4M	$1.8M	125x
KuCoin CFXUSDTM	+0.0100%	8h	0.05351	−0.075%	$886K	$299K	75x	as long as short
Bitget CFXUSDTshort	+0.0100%	8h	0.05355	0.000%	$1.6M	$1.6M	75x
BingX CFX-USDT	+0.0100%	8h	0.05354	−0.019%	—	$18.2M	—	as long as short
Variational Omni CFX	+0.0100%	8h	0.05347	−0.153%	$37K	$41K	—	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	0.05342	−0.243%	$507K	$2.0M	10x	as long as short
Extended CFX-USD	+0.0104%	1h	0.05355	+0.005%	$132	$253K	10x	as long as short
Coinbase International CFX-PERP-INTX	+0.0384%	1h	0.05359	+0.075%	$35K	$197K	50x	as long as short
Hyperliquid CFX	+0.0706%	1h	0.05363	+0.144%	$3.2M	$407K	5x	as long as short
Deribit CFX_USDC-PERPETUAL	+0.1616%	1h	0.05368	+0.243%	$142	$29	10x	as long as short
Kraken Futures PF_CFXUSD	+0.1693%	1h	0.05364	+0.174%	$33K	$23K	20x	as long as short