Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.5028%/8h= −550.6% APRpaid last 24h −0.747%

Price spread now: OKX against Kraken Futures−0.163%7-day average −0.144% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,750as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,731as in the Price arb table

costs, in and out, $10k−$1,72917.291% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 4 days (all we have)−0.173%−$17 · spread now −0.163%, 7d avg −0.144%

Together, before fees−0.380%−$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.144%, so right now this pair is about funding alone: −$151 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 -0.207% in total (about -10.8% 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	2.0614	0.5128	pay 0.0641% / 1h	49m 17s	$124K	$93K	10x
Short	OKX CVX-USDT-SWAP	2.0580	0.0100	get 0.0050% / 4h	3h 49m	$251K	$314K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.163%Rate

Funding earned: −$1,055.97
Price spread: −0.163% → −0.144%: −$1.87
Slippage, 4 orders: −$1,709.09
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$2,786.93
Costs to cover: 17.291%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; OKX: live order book, 1 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, 3 min ago	34.34 bp	1595.0 bp −$1,595	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	4.86 bp	39.2 bp −$39	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	−3.996%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0571	−0.208%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0605	−0.042%	$1.8M	$709K	75x	as long as short
OKX CVX-USDT-SWAPshort	+0.0100%	4h	2.0580	−0.163%	$251K	$314K	10x
Gate CVX_USDT	+0.0100%	8h	2.0580	−0.163%	$69K	$23K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0590	−0.115%	$1.8M	$491K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0600	−0.066%	$817K	$70K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0600	−0.066%	$623K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0620	+0.031%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0636	+0.108%	$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	2.0560	−0.260%	$82K	$149K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0490% / S −0.0195%	1h	2.0558	−0.272%	$170K	—	100x	as long as short
Kraken Futures PF_CVXUSDlong	+0.5128%	1h	2.0614	long leg	$124K	$93K	10x