Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.3713%/8h= +406.6% APRpaid last 24h +0.624%

Price spread now: Kraken Futures against Bitget+0.016%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,071as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,087as in the Price arb table

costs, in and out, $10k−$1,08010.801% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 3 days (all we have)+0.170%+$17 · spread now +0.016%, 7d avg +0.089%

Together, before fees+0.264%+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.074% cheaper against Bitget than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.089%). If the spread goes back, that is −$7 on $10k: about 2 hours of funding at the current rate (+$111 a day). At the pace of the last 7 days (+0.094% in total) that is about 5.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.094% in total (about 4.9% 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	Bitget CVXUSDT	2.0590	0.0100	pay 0.0050% / 4h	2h 29m	$623K	$126K	25x
Short	Kraken Futures PF_CVXUSD	2.0593	0.3813	get 0.0477% / 1h	29m 05s	$115K	$83K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.016%Rate

Funding earned: $779.72
Price spread: +0.016% → +0.089%: −$7.35
Slippage, 4 orders: −$1,058.08
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$307.71
Costs to cover: 10.801%
Break-even: 9.8 days

Slippage from Bitget: live order book, 36 min ago; Kraken Futures: live order book, 38 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 Bitget live order book, 36 min ago	7.22 bp	38.2 bp −$38	190.7 bp −$1,907	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 38 min ago	27.38 bp	69.0 bp −$69	doesn't fit	doesn't fit	doesn't fit

CVX on 12 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	−3.885%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0589	−0.006%	$1.7M	$2.5M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0627	+0.180%	$1.7M	$755K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0610	+0.097%	$253K	$333K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0580	−0.049%	$69K	$26K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0590	0.000%	$2.0M	$471K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0610	+0.097%	$817K	$69K	20x	as long as short
Bitget CVXUSDTlong	+0.0100%	4h	2.0590	long leg	$623K	$126K	25x
BingX CVX-USDT	+0.0100%	4h	2.0620	+0.146%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0602	+0.057%	$6K	$2K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX CVX/USD [ETH-USDC]	L +0.0489% / S −0.0195%	1h	2.0581	−0.046%	$170K	—	100x	as long as short
Kraken Futures PF_CVXUSDshort	+0.3813%	1h	2.0593	+0.016%	$115K	$83K	10x