Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1471%/8h= −161.1% APRpaid last 24h −0.579%

Price spread now: KuCoin against Kraken Futures−0.085%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$932as in the Funding arb table

Net, price: spread back to 7d avg − costs−$929as in the Price arb table

costs, in and out, $10k−$9269.261% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 3 days (all we have)−0.132%−$13 · spread now −0.085%, 7d avg −0.056%

Together, before fees−0.194%−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and KuCoin is 0.029% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.056%). Swap the legs.

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	2.0707	0.1571	pay 0.0196% / 1h	54m 19s	$111K	$79K	10x
Short	KuCoin CVXUSDTM	2.0690	0.0100	get 0.0050% / 4h	3h 54m	$822K	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$308.88
Price spread: −0.085% → −0.056%: −$2.89
Slippage, 4 orders: −$904.06
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,237.83
Costs to cover: 9.261%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 18 min ago; KuCoin: live order book, 70 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, 18 min ago	23.23 bp	552.2 bp −$552	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 70 min ago	7.29 bp	129.9 bp −$130	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	−4.431%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0660	−0.229%	$1.7M	$2.7M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0662	−0.220%	$1.7M	$823K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0670	−0.181%	$254K	$366K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0670	−0.181%	$70K	$25K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0660	−0.229%	$2.0M	$492K	20x	as long as short
KuCoin CVXUSDTMshort	+0.0100%	4h	2.0690	−0.085%	$822K	$69K	20x
Bitget CVXUSDT	+0.0100%	4h	2.0680	−0.133%	$626K	$133K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0690	−0.085%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0731	+0.114%	$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	2.0670	−0.181%	$83K	$129K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0487% / S −0.0195%	1h	2.0656	−0.250%	$171K	—	100x	as long as short
Kraken Futures PF_CVXUSDlong	+0.1571%	1h	2.0707	long leg	$111K	$79K	10x