Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1245%/8h= +136.3% APRpaid last 24h +0.718%

Price spread now: Kraken Futures against Bitget+0.197%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,709as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,716as in the Price arb table

costs, in and out, $10k−$1,72717.268% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.174%+$17 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.197%, 7d avg +0.093%

Together, before fees+0.231%+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Kraken Futures is 0.104% dearer against Bitget than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.093%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.174% in total (about 9.1% 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	Bitget CVXUSDT	2.0520	0.0100	pay 0.0050% / 4h	18m 47s	$621K	$128K	25x
Short	Kraken Futures PF_CVXUSD	2.0560	0.1345	get 0.0168% / 1h	18m 47s	$124K	$93K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.197%Rate

Funding earned: $261.43
Price spread: +0.197% → +0.093%: $10.4
Slippage, 4 orders: −$1,704.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$1,454.98
Costs to cover: 17.268%
Break-even: 46.0 days

Slippage from Bitget: live order book, 36 min ago; Kraken Futures: live order book, 38 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 Bitget live order book, 36 min ago	4.87 bp	27.3 bp −$27	97.2 bp −$972	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 38 min ago	20.46 bp	43.5 bp −$43	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	−3.558%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0496	−0.118%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0534	+0.068%	$1.8M	$713K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0520	0.000%	$251K	$316K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0510	−0.049%	$69K	$23K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0510	−0.049%	$1.8M	$489K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0530	+0.049%	$813K	$69K	20x	as long as short
Bitget CVXUSDTlong	+0.0100%	4h	2.0520	long leg	$621K	$128K	25x
BingX CVX-USDT	+0.0100%	4h	2.0520	0.000%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0558	+0.186%	$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	2.0550	+0.146%	$82K	$149K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0489% / S −0.0195%	1h	2.0508	−0.058%	$169K	—	100x	as long as short
Kraken Futures PF_CVXUSDshort	+0.1345%	1h	2.0560	+0.197%	$124K	$93K	10x