Funding arb · Price arb /

CFX

all CFX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.077%

Price spread now: Coinbase International against OKX+0.093%7-day average +0.261% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$840.839% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.300%+$30 on $10k

Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.093%, 7d avg +0.261%

Together, before fees+0.197%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.168% cheaper against OKX than usual: you would sell low and buy high (spread +0.093% now, against its 7-day average of +0.261%). If the spread goes back, that is −$17 on $10k: about 6.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CFX-USDT-SWAP	0.05360	0.0100	pay 0.0100% / 8h	4h 23m	$2.5M	$5.7M	20x
Short	Coinbase International CFX-PERP-INTX	0.05365	0.0192	get 0.0024% / 1h	23m 27s	$42K	$124K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.093%Rate

Funding earned: $19.32
Price spread: +0.093% → +0.261%: −$16.79
Slippage, 4 orders: −$63.86
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$81.34
Costs to cover: 0.839%
Break-even: 36.5 days

Slippage from OKX: live order book, 4 min ago; Coinbase International: live order book, 34 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 OKX live order book, 4 min ago	0.93 bp	22.9 bp −$23	43.6 bp −$436	doesn't fit	doesn't fit
Sell Coinbase International live order book, 34 min ago	8.42 bp	13.4 bp −$13	doesn't fit	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	0.05359	−0.013%	$5K	$43K	5x	as long as short
Binance CFXUSDT	+0.0100%	8h	0.05362	+0.029%	$5.3M	$10.0M	75x	as long as short
Bybit CFXUSDT	+0.0100%	8h	0.05362	+0.037%	$2.4M	$1.4M	25x	as long as short
OKX CFX-USDT-SWAPlong	+0.0100%	8h	0.05360	long leg	$2.5M	$5.7M	20x
Gate CFX_USDT	+0.0100%	8h	0.05358	−0.037%	$1.1M	$2.5M	50x	as long as short
MEXC CFX_USDT	+0.0100%	8h	0.05361	+0.019%	$2.9M	$1.7M	125x	as long as short
KuCoin CFXUSDTM	+0.0100%	8h	0.05363	+0.056%	$881K	$279K	75x	as long as short
Bitget CFXUSDT	+0.0100%	8h	0.05358	−0.037%	$1.6M	$1.4M	75x	as long as short
BingX CFX-USDT	+0.0100%	8h	0.05361	+0.019%	—	$20.1M	—	as long as short
Variational Omni CFX	+0.0100%	8h	0.05355	−0.102%	$38K	$50K	—	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	0.05356	−0.079%	$508K	$1.6M	10x	as long as short
Extended CFX-USD	+0.0104%	1h	0.05360	−0.002%	$1K	$262K	10x	as long as short
Coinbase International CFX-PERP-INTXshort	+0.0192%	1h	0.05365	+0.093%	$42K	$124K	50x
Kraken Futures PF_CFXUSD	+0.0502%	1h	0.05361	+0.023%	$32K	$11K	20x	as long as short
Hyperliquid CFX	+0.0831%	1h	0.05373	+0.237%	$3.2M	$354K	5x	as long as short
Deribit CFX_USDC-PERPETUAL	+0.2174%	1h	0.05375	+0.280%	$142	$29	10x	as long as short