Funding you earn now, next payment 23:00 UTC−1.5597%/8h= −1707.8% APRpaid last 24h −0.378%
Price spread now: Binance against Kraken Futures−0.131%7-day average −0.161% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,437as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,440as in the Price arb table
costs, in and out, $10k−$1,44314.428% of the position
Funding, last 7 days+0.061%+$6 on $10k
+Price spread, last 3 days (all we have)−0.265%−$26 · spread now −0.131%, 7d avg −0.161%
=The price spread pays, funding is against you. Binance is 0.031% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.131% now, against its 7-day average of −0.161%): +$3 on $10k if it goes back. Holding the pair costs −$468 a day in funding at the current rate, which eats that in about under an hour. Mind the row above: over the last 7 days funding on this pair paid +0.061%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.061% in total (about 3.2% 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 | Kraken Futures PF_CVXUSD | 2.0597 | 1.5697 | pay 0.1962% / 1h | 34m 48s | $110K | $73K | 10x |
| Short | Binance CVXUSDT | 2.0570 | 0.0100 | get 0.0050% / 4h | 1h 34m | $1.7M | $2.8M | 75x |
Kraken Futures PF_CVXUSD
Binance CVXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- −$3,275.29
- Price spread: −0.131% → −0.161%
- $3.07
- Slippage, 4 orders
- −$1,422.76
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$4,714.98
- Costs to cover
- 14.428%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 47 min ago; Binance: live order book, 16 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 Kraken Futures live order book, 47 min ago | 43.97 bp | 1343.2 bp −$1,343 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 2.43 bp | 23.8 bp −$24 | 83.0 bp −$830 | 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 | −3.918% | — | $33K | 5.5x | as long as short |
| Binance CVXUSDTshort | +0.0100% | 4h | 2.0570 | −0.131% | $1.7M | $2.8M | 75x | |
| Bybit CVXUSDT | +0.0100% | 4h | 2.0570 | −0.131% | $1.7M | $820K | 75x | as long as short |
| OKX CVX-USDT-SWAP | +0.0100% | 4h | 2.0570 | −0.131% | $253K | $377K | 10x | as long as short |
| Gate CVX_USDT | +0.0100% | 8h | 2.0580 | −0.082% | $69K | $24K | 25x | as long as short |
| MEXC CVX_USDT | +0.0100% | 4h | 2.0570 | −0.131% | $2.0M | $514K | 20x | as long as short |
| KuCoin CVXUSDTM | +0.0100% | 4h | 2.0620 | +0.112% | $819K | $68K | 20x | as long as short |
| Bitget CVXUSDT | +0.0100% | 4h | 2.0570 | −0.131% | $624K | $131K | 25x | as long as short |
| BingX CVX-USDT | +0.0100% | 4h | 2.0540 | −0.276% | — | $1.6M | — | as long as short |
| Variational Omni CVX | +0.0100% | 4h | 2.0588 | −0.043% | $6K | $2K | — | as long as short |
Injective CVX/USDC PERP
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-USDT | +0.0340% | 4h | 2.0520 | −0.373% | $82K | $126K | 75x | as long as short |
| GMX CVX/USD [ETH-USDC] | L +0.0478% / S −0.0190% | 1h | 2.0566 | −0.151% | $168K | — | 100x | as long as short |
| Kraken Futures PF_CVXUSDlong | +1.5697% | 1h | 2.0597 | long leg | $110K | $73K | 10x |
BloFin CVX-USDT
GMX CVX/USD [ETH-USDC]