Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1225%/8h= −134.1% APRpaid last 24h −0.571%

Price spread now: BloFin against Kraken Futures−0.275%57s7-day average −0.161% · you buy dearer than you sell

Net, funding: paid 7d − costs−$667as 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−$6636.626% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.275%, 7d avg −0.161%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and BloFin is 0.114% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.161%). Swap the legs. 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 -0.048% in total (about -2.5% 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	2.0787	0.1565	pay 0.0196% / 1h	56m 08s	$112K	$78K	10x
Short	BloFin CVX-USDT	2.0730	0.0340	get 0.0170% / 4h	3h 56m	$83K	$129K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.275%Rate

Funding earned: −$257.21
Price spread: −0.275% → −0.161%: −$11.4
Slippage, 4 orders: −$640.56
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$931.17
Costs to cover: 6.626%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 16 min ago; BloFin: live order book, 64 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, 16 min ago	23.23 bp	552.2 bp −$552	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 64 min ago	2.43 bp	26.7 bp −$27	60.9 bp −$609	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	−4.797%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0693	−0.453%	$1.7M	$2.7M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0708	−0.381%	$1.7M	$823K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0710	−0.371%	$255K	$367K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0680	−0.515%	$70K	$25K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0680	−0.515%	$2.0M	$492K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0720	−0.323%	$824K	$69K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0700	−0.419%	$626K	$133K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0700	−0.419%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0731	−0.269%	$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-USDTshort	+0.0340%	4h	2.0730	−0.275%	$83K	$129K	75x
GMX CVX/USD [ETH-USDC]	L +0.0488% / S −0.0195%	1h	2.0668	−0.572%	$171K	—	100x	as long as short
Kraken Futures PF_CVXUSDlong	+0.1565%	1h	2.0787	long leg	$112K	$78K	10x