Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1470%/8h= −161.0% APRpaid last 24h −0.601%

Price spread now: BingX against Kraken Futures−0.111%7-day average −0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$688as in the Funding arb table

Net, price: spread back to 7d avg − costs−$678as in the Price arb table

costs, in and out, $10k−$6806.799% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 3 days (all we have)−0.143%−$14 · spread now −0.111%, 7d avg −0.125%

Together, before fees−0.223%−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.125%, so right now this pair is about funding alone: −$44 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.080% in total (about -4.2% 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	2.0713	0.1570	pay 0.0196% / 1h	11m 11s	$112K	$79K	10x
Short	BingX CVX-USDT	2.0690	0.0100	get 0.0050% / 4h	3h 11m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now −0.111%Rate

Funding earned: −$308.79
Price spread: −0.111% → −0.125%: $1.4
Slippage, 4 orders: −$659.9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$987.28
Costs to cover: 6.799%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 61 min ago; BingX: live order book, 6 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, 61 min ago	23.23 bp	552.2 bp −$552	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	7.24 bp	26.4 bp −$26	75.6 bp −$756	683.2 bp −$68.3K	1214.0 bp −$607.0K

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	−4.457%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0680	−0.161%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0696	−0.082%	$1.7M	$734K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0690	−0.111%	$255K	$344K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0680	−0.160%	$69K	$26K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0680	−0.160%	$2.0M	$494K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0720	+0.033%	$821K	$69K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0690	−0.111%	$626K	$123K	25x	as long as short
BingX CVX-USDTshort	+0.0100%	4h	2.0690	−0.111%	—	$1.6M	—
Variational Omni CVX	+0.0100%	4h	2.0699	−0.068%	$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	2.0690	−0.111%	$84K	$130K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0488% / S −0.0195%	1h	2.0661	−0.252%	$171K	—	100x	as long as short
Kraken Futures PF_CVXUSDlong	+0.1570%	1h	2.0713	long leg	$112K	$79K	10x