Funding you earn now, next payment 08:00 UTC+0.2454%/8h= +268.7% APRpaid last 24h +0.890%
Price spread now: Kraken Futures against BloFin−0.089%57s7-day average +0.168% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,743as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1,77617.756% of the position
Funding, last 7 days+0.329%+$33 on $10k
+Price spread, last 4 days (all we have)+0.341%+$34 · spread now −0.089%, 7d avg +0.168%
=Funding pays, the price is against you. Kraken Futures is 0.257% cheaper against BloFin than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of +0.168%). If the spread goes back, that is −$26 on $10k: about 8 hours of funding at the current rate (+$74 a day). At the pace of the last 7 days (+0.329% in total) that is about 5.5 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.329% in total (about 17.2% 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 | BloFin CVX-USDT | 2.0440 | 0.0340 | pay 0.0170% / 4h | 40m 10s | $81K | $151K | 75x |
| Short | Kraken Futures PF_CVXUSD | 2.0422 | 0.2794 | get 0.0349% / 1h | 40m 10s | $118K | $96K | 10x |
BloFin CVX-USDT
Kraken Futures PF_CVXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $515.36
- Price spread: −0.089% → +0.168%
- −$25.7
- Slippage, 4 orders
- −$1,753.61
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$1,285.95
- Costs to cover
- 17.756%
- Break-even
- 24.5 days
Slippage from BloFin: live order book, 29 min ago; Kraken Futures: live order book, 62 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 BloFin live order book, 29 min ago | 9.80 bp | 23.6 bp −$24 | 53.5 bp −$535 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 62 min ago | 20.12 bp | 32.9 bp −$33 | 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 | −3.180% | — | $33K | 5.5x | as long as short |
| Binance CVXUSDT | +0.0100% | 4h | 2.0398 | −0.207% | $1.7M | $2.6M | 75x | as long as short |
| Bybit CVXUSDT | +0.0100% | 4h | 2.0421 | −0.093% | $1.8M | $748K | 75x | as long as short |
| OKX CVX-USDT-SWAP | +0.0100% | 4h | 2.0450 | +0.049% | $248K | $312K | 10x | as long as short |
| Gate CVX_USDT | +0.0100% | 8h | 2.0410 | −0.147% | $68K | $21K | 25x | as long as short |
| MEXC CVX_USDT | +0.0100% | 4h | 2.0360 | −0.391% | $2.1M | $498K | 20x | as long as short |
| KuCoin CVXUSDTM | +0.0100% | 4h | 2.0410 | −0.147% | $766K | $74K | 20x | as long as short |
| Bitget CVXUSDT | +0.0100% | 4h | 2.0370 | −0.342% | $615K | $127K | 25x | as long as short |
| BingX CVX-USDT | +0.0100% | 4h | 2.0410 | −0.147% | — | $1.6M | — | as long as short |
| Variational Omni CVX | +0.0100% | 4h | 2.0476 | +0.176% | $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
BingX CVX-USDT
Variational Omni CVXShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CVX-USDTlong | +0.0340% | 4h | 2.0440 | long leg | $81K | $151K | 75x | |
| GMX CVX/USD [ETH-USDC] | L +0.0488% / S −0.0194% | 1h | 2.0382 | −0.281% | $168K | — | 100x | as long as short |
| Kraken Futures PF_CVXUSDshort | +0.2794% | 1h | 2.0422 | −0.089% | $118K | $96K | 10x |
GMX CVX/USD [ETH-USDC]