Funding you earn now, next payment 23:00 UTC+1.5662%/8h= +1715.0% APRpaid last 24h +0.378%
Price spread now: Kraken Futures against KuCoin−0.140%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,338as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,345as in the Price arb table
costs, in and out, $10k−$2,32623.257% of the position
Funding, last 7 days−0.128%−$13 on $10k
+Price spread, last 3 days (all we have)+0.410%+$41 · spread now −0.140%, 7d avg +0.057%
=Funding pays, the price is against you. Kraken Futures is 0.197% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of +0.057%). If the spread goes back, that is −$20 on $10k: about 1 hour of funding at the current rate (+$470 a day). Mind the row above: over the last 7 days funding on this pair cost −0.128%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.128% in total (about -6.7% 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 | KuCoin CVXUSDTM | 2.0540 | 0.0100 | pay 0.0050% / 4h | 1h 16m | $816K | $67K | 20x |
| Short | Kraken Futures PF_CVXUSD | 2.0511 | 1.5762 | get 0.1970% / 1h | 16m 12s | $110K | $72K | 10x |
KuCoin CVXUSDTM
Kraken Futures PF_CVXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $3,289.05
- Price spread: −0.140% → +0.057%
- −$19.71
- Slippage, 4 orders
- −$2,303.69
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $943.65
- Costs to cover
- 23.257%
- Break-even
- 5.0 days
Slippage from KuCoin: live order book, 58 min ago; Kraken Futures: 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 KuCoin live order book, 58 min ago | 21.75 bp | 248.9 bp −$249 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 74.79 bp | 82.4 bp −$82 | 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 | −3.651% | — | $33K | 5.5x | as long as short |
| Binance CVXUSDT | +0.0100% | 4h | 2.0509 | −0.149% | $1.7M | $2.7M | 75x | as long as short |
| Bybit CVXUSDT | +0.0100% | 4h | 2.0504 | −0.175% | $1.7M | $809K | 75x | as long as short |
| OKX CVX-USDT-SWAP | +0.0100% | 4h | 2.0500 | −0.195% | $252K | $371K | 10x | as long as short |
| Gate CVX_USDT | +0.0100% | 8h | 2.0500 | −0.195% | $68K | $25K | 25x | as long as short |
| MEXC CVX_USDT | +0.0100% | 4h | 2.0500 | −0.195% | $2.0M | $521K | 20x | as long as short |
| KuCoin CVXUSDTMlong | +0.0100% | 4h | 2.0540 | long leg | $816K | $67K | 20x | |
| Bitget CVXUSDT | +0.0100% | 4h | 2.0510 | −0.146% | $622K | $131K | 25x | as long as short |
| BingX CVX-USDT | +0.0100% | 4h | 2.0500 | −0.195% | — | $1.6M | — | as long as short |
| Variational Omni CVX | +0.0100% | 4h | 2.0529 | −0.054% | $6K | $2K | — | as long as short |
Injective CVX/USDC PERP
Binance CVXUSDT
Bybit CVXUSDT
OKX CVX-USDT-SWAP
Gate CVX_USDT
MEXC CVX_USDT
Bitget CVXUSDT
BingX CVX-USDT
Variational Omni CVXShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CVX-USDT | +0.0340% | 4h | 2.0500 | −0.195% | $83K | $126K | 75x | as long as short |
| GMX CVX/USD [ETH-USDC] | L +0.0478% / S −0.0190% | 1h | 2.0497 | −0.207% | $167K | — | 100x | as long as short |
| Kraken Futures PF_CVXUSDshort | +1.5762% | 1h | 2.0511 | −0.140% | $110K | $72K | 10x |
BloFin CVX-USDT
GMX CVX/USD [ETH-USDC]