Funding you earn now, next payment 05:00 UTC+0.5078%/8h= +556.1% APRpaid last 24h +0.747%
Price spread now: Kraken Futures against BingX−0.071%7-day average +0.135% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,681as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,721as in the Price arb table
costs, in and out, $10k−$1,70117.007% of the position
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 4 days (all we have)+0.407%+$41 · spread now −0.071%, 7d avg +0.135%
=Funding pays, the price is against you. Kraken Futures is 0.206% cheaper against BingX than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of +0.135%). If the spread goes back, that is −$21 on $10k: about 3 hours of funding at the current rate (+$152 a day). At the pace of the last 7 days (+0.192% in total) that is about 7.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.192% in total (about 10.0% 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 | BingX CVX-USDT | 2.0430 | 0.0100 | pay 0.0050% / 4h | 3h 08m | — | $1.6M | — |
| Short | Kraken Futures PF_CVXUSD | 2.0416 | 0.5178 | get 0.0647% / 1h | 8m 04s | $123K | $94K | 10x |
BingX CVX-USDT
Kraken Futures PF_CVXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $1,066.42
- Price spread: −0.071% → +0.135%
- −$20.58
- Slippage, 4 orders
- −$1,680.68
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$654.84
- Costs to cover
- 17.007%
- Break-even
- 11.3 days
Slippage from BingX: live order book, 8 min ago; Kraken Futures: live order book, 44 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 BingX live order book, 8 min ago | 7.32 bp | 28.8 bp −$29 | 83.1 bp −$831 | 611.5 bp −$61.2K | 1027.8 bp −$513.9K |
| Sell Kraken Futures live order book, 44 min ago | 34.34 bp | 48.1 bp −$48 | 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 | −3.133% | — | $33K | 5.5x | as long as short |
| Binance CVXUSDT | +0.0100% | 4h | 2.0414 | −0.078% | $1.7M | $2.6M | 75x | as long as short |
| Bybit CVXUSDT | +0.0100% | 4h | 2.0413 | −0.083% | $1.8M | $721K | 75x | as long as short |
| OKX CVX-USDT-SWAP | +0.0100% | 4h | 2.0420 | −0.049% | $248K | $314K | 10x | as long as short |
| Gate CVX_USDT | +0.0100% | 8h | 2.0400 | −0.147% | $69K | $23K | 25x | as long as short |
| MEXC CVX_USDT | +0.0100% | 4h | 2.0410 | −0.098% | $2.1M | $525K | 20x | as long as short |
| KuCoin CVXUSDTM | +0.0100% | 4h | 2.0410 | −0.098% | $809K | $70K | 20x | as long as short |
| Bitget CVXUSDT | +0.0100% | 4h | 2.0430 | 0.000% | $618K | $128K | 25x | as long as short |
| BingX CVX-USDTlong | +0.0100% | 4h | 2.0430 | long leg | — | $1.6M | — | |
| Variational Omni CVX | +0.0100% | 4h | 2.0482 | +0.256% | $5K | $2K | — | as long as short |
Injective CVX/USDC PERP
Binance CVXUSDT
Bybit CVXUSDT
OKX CVX-USDT-SWAP
Gate CVX_USDT
MEXC CVX_USDT
KuCoin CVXUSDTM
Bitget CVXUSDT
Variational Omni CVXShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CVX-USDT | +0.0340% | 4h | 2.0390 | −0.196% | $82K | $150K | 75x | as long as short |
| GMX CVX/USD [ETH-USDC] | L +0.0488% / S −0.0195% | 1h | 2.0400 | −0.146% | $168K | — | 100x | as long as short |
| Kraken Futures PF_CVXUSDshort | +0.5178% | 1h | 2.0416 | −0.071% | $123K | $94K | 10x |
BloFin CVX-USDT
GMX CVX/USD [ETH-USDC]