Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.2611%/8h= −285.9% APRpaid last 24h −0.924%

Price spread now: Variational Omni against Kraken Futures−0.032%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$78 a day on $10k at the current rate, and Variational Omni is 0.032% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_CVXUSD	2.0381	0.2800	pay 0.0350% / 1h	0m 12s	$118K	$98K	10x
Short	Variational Omni CVX	2.0375	0.0189	get 0.0094% / 4h	0m 12s	$5K	$2K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.032%Rate

Funding earned: −$548.29
Price spread: −0.032% → 0.000%: −$3.15
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$561.45
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 37 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 37 min ago	34.64 bp	1819.3 bp −$1,819	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−2.901%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0350	−0.153%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0377	−0.020%	$1.8M	$749K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0360	−0.104%	$247K	$308K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0330	−0.251%	$68K	$21K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0350	−0.153%	$2.1M	$500K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0320	−0.300%	$763K	$74K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0380	−0.006%	$617K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0350	−0.153%	—	$1.6M	—	as long as short
Variational Omni CVXshort	+0.0189%	4h	2.0375	−0.032%	$5K	$2K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin CVX-USDT	+0.0340%	4h	2.0350	−0.153%	$81K	$151K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0487% / S −0.0194%	1h	2.0338	−0.210%	$168K	—	100x	as long as short
Kraken Futures PF_CVXUSDlong	+0.2800%	1h	2.0381	long leg	$118K	$98K	10x