Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.2153%/8h= +235.7% APRpaid last 24h +0.681%

Price spread now: Kraken Futures against Binance+0.268%7-day average +0.166% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,756as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,766as in the Price arb table

costs, in and out, $10k−$1,77717.767% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)+0.362%+$36 · spread now +0.268%, 7d avg +0.166%

Together, before fees+0.573%+$57 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$65 a day on $10k at the current rate, and Kraken Futures is 0.102% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.166%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.210% in total (about 11.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CVXUSDT	2.0590	0.0100	pay 0.0050% / 4h	1h 38m	$1.7M	$2.5M	75x
Short	Kraken Futures PF_CVXUSD	2.0645	0.2253	get 0.0282% / 1h	38m 39s	$119K	$86K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.268%Rate

Funding earned: $452.08
Price spread: +0.268% → +0.166%: $10.23
Slippage, 4 orders: −$1,756.68
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$1,314.37
Costs to cover: 17.767%
Break-even: 27.4 days

Slippage from Binance: live order book, 11 min ago; Kraken Futures: live order book, 24 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 Binance live order book, 11 min ago	4.85 bp	28.7 bp −$29	121.1 bp −$1,211	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 24 min ago	37.42 bp	90.9 bp −$91	doesn't fit	doesn't fit	doesn't fit

CVX on 13 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
Injective CVX/USDC PERP	+0.0033%	1h	1.9790	−3.886%	—	$33K	5.5x	as long as short
Binance CVXUSDTlong	+0.0100%	4h	2.0590	long leg	$1.7M	$2.5M	75x
Bybit CVXUSDT	+0.0100%	4h	2.0615	+0.120%	$1.7M	$710K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0600	+0.047%	$251K	$325K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0620	+0.145%	$69K	$27K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0610	+0.096%	$2.0M	$457K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0650	+0.290%	$819K	$69K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0620	+0.145%	$624K	$123K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0640	+0.242%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0646	+0.271%	$6K	$2K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin CVX-USDT	+0.0340%	4h	2.0630	+0.193%	$84K	$138K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0490% / S −0.0195%	1h	2.0605	+0.071%	$170K	—	100x	as long as short
Kraken Futures PF_CVXUSDshort	+0.2253%	1h	2.0645	+0.268%	$119K	$86K	10x