Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.5003%/8h= −547.8% APRpaid last 24h −0.747%

Price spread now: MEXC against Kraken Futures−0.472%7-day average −0.164% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,699as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,704as in the Price arb table

costs, in and out, $10k−$1,67316.731% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.258%−$26 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.472%, 7d avg −0.164%

Together, before fees−0.172%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$150 a day on $10k at the current rate, and MEXC is 0.308% cheaper against Kraken Futures than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.164%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.258% in total (about -13.4% 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	2.0718	0.5103	pay 0.0638% / 1h	30m 13s	$125K	$94K	10x
Short	MEXC CVX_USDT	2.0620	0.0100	get 0.0050% / 4h	3h 30m	$2.1M	$524K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.472%Rate

Funding earned: −$1,050.55
Price spread: −0.472% → −0.164%: −$30.76
Slippage, 4 orders: −$1,659.15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$2,754.46
Costs to cover: 16.731%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 22 min ago; MEXC: live order book, 2 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, 22 min ago	34.34 bp	1595.0 bp −$1,595	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.42 bp	18.5 bp −$19	59.3 bp −$593	315.4 bp −$31.5K	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	−4.478%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0630	−0.424%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0668	−0.240%	$1.8M	$713K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0640	−0.375%	$252K	$315K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0620	−0.472%	$69K	$23K	25x	as long as short
MEXC CVX_USDTshort	+0.0100%	4h	2.0620	−0.472%	$2.1M	$524K	20x
KuCoin CVXUSDTM	+0.0100%	4h	2.0660	−0.279%	$819K	$70K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0650	−0.327%	$625K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0620	−0.472%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0671	−0.226%	$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	2.0610	−0.520%	$83K	$151K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0491% / S −0.0195%	1h	2.0630	−0.422%	$170K	—	100x	as long as short
Kraken Futures PF_CVXUSDlong	+0.5103%	1h	2.0718	long leg	$125K	$94K	10x