Funding you earn now, next payment 06:00 UTC+0.6013%/8h= +658.4% APRpaid last 24h +0.817%
Price spread now: Kraken Futures against MEXC+0.134%51s7-day average +0.162% · you sell dearer than you buy
Net, funding: paid 7d − costs−$888as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$9209.201% of the position
Funding, last 7 days+0.321%+$32 on $10k
+Price spread, last 4 days (all we have)+0.194%+$19 · spread now +0.134%, 7d avg +0.162%
=Funding pays, the price is against you. Kraken Futures is 0.027% cheaper against MEXC than usual: you would sell low and buy high (spread +0.134% now, against its 7-day average of +0.162%). If the spread goes back, that is −$3 on $10k: about under an hour of funding at the current rate (+$180 a day). At the pace of the last 7 days (+0.321% in total) that is about 14 hours. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.321% in total (about 16.7% 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 | MEXC CVX_USDT | 2.0370 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $2.0M | $505K | 20x |
| Short | Kraken Futures PF_CVXUSD | 2.0397 | 0.6113 | get 0.0764% / 1h | 12m 26s | $118K | $100K | 10x |
MEXC CVX_USDT
Kraken Futures PF_CVXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against MEXC. 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
- $1,262.67
- Price spread: +0.134% → +0.162%
- −$2.75
- Slippage, 4 orders
- −$906.15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $339.78
- Costs to cover
- 9.201%
- Break-even
- 5.1 days
Slippage from MEXC: live order book, 4 min ago; Kraken Futures: live order book, 35 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 MEXC live order book, 4 min ago | 4.93 bp | 15.8 bp −$16 | 49.7 bp −$497 | 316.8 bp −$31.7K | doesn't fit |
| Sell Kraken Futures live order book, 35 min ago | 16.16 bp | 30.0 bp −$30 | 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 | −2.847% | — | $33K | 5.5x | as long as short |
| Binance CVXUSDT | +0.0100% | 4h | 2.0371 | +0.003% | $1.7M | $2.6M | 75x | as long as short |
| Bybit CVXUSDT | +0.0100% | 4h | 2.0394 | +0.118% | $1.8M | $756K | 75x | as long as short |
| OKX CVX-USDT-SWAP | +0.0100% | 4h | 2.0390 | +0.098% | $246K | $318K | 10x | as long as short |
| Gate CVX_USDT | +0.0100% | 8h | 2.0350 | −0.098% | $68K | $23K | 25x | as long as short |
| MEXC CVX_USDTlong | +0.0100% | 4h | 2.0370 | long leg | $2.0M | $505K | 20x | |
| KuCoin CVXUSDTM | +0.0100% | 4h | 2.0350 | −0.098% | $764K | $86K | 20x | as long as short |
| Bitget CVXUSDT | +0.0100% | 4h | 2.0370 | 0.000% | $615K | $134K | 25x | as long as short |
| BingX CVX-USDT | +0.0100% | 4h | 2.0390 | +0.098% | — | $1.6M | — | as long as short |
| Variational Omni CVX | +0.0100% | 4h | 2.0332 | −0.188% | $5K | $2K | — | as long as short |
Injective CVX/USDC PERP
Binance CVXUSDT
Bybit CVXUSDT
OKX CVX-USDT-SWAP
Gate CVX_USDT
KuCoin CVXUSDTM
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 | 2.0380 | +0.049% | $81K | $151K | 75x | as long as short |
| GMX CVX/USD [ETH-USDC] | L +0.0486% / S −0.0194% | 1h | 2.0353 | −0.084% | $168K | — | 100x | as long as short |
| Kraken Futures PF_CVXUSDshort | +0.6113% | 1h | 2.0397 | +0.134% | $118K | $100K | 10x |
BloFin CVX-USDT
GMX CVX/USD [ETH-USDC]