Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1243%/8h= +136.1% APRpaid last 24h +0.718%

Price spread now: Kraken Futures against Bybit+0.394%7-day average +0.126% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,714as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,704as in the Price arb table

costs, in and out, $10k−$1,73117.311% of the position

Long on Bybit 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)−0.013%−$1 · spread now +0.394%, 7d avg +0.126%

Together, before fees+0.162%+$16 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 0.268% dearer against Bybit than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.126%.

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	Bybit CVXUSDT	2.0505	0.0100	pay 0.0050% / 4h	39m 53s	$1.8M	$717K	75x
Short	Kraken Futures PF_CVXUSD	2.0586	0.1343	get 0.0168% / 1h	39m 53s	$122K	$91K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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 BybitbpFee Kraken FuturesbpOrdersPrice spread, now +0.394%Rate

Funding earned: $261.07
Price spread: +0.394% → +0.126%: $26.84
Slippage, 4 orders: −$1,710.15
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$1,443.23
Costs to cover: 17.311%
Break-even: 45.7 days

Slippage from Bybit: live order book, 2 min ago; Kraken Futures: live order book, 17 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 Bybit live order book, 2 min ago	3.90 bp	36.0 bp −$36	162.8 bp −$1,628	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 17 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	−3.487%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0480	−0.122%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDTlong	+0.0100%	4h	2.0505	long leg	$1.8M	$717K	75x
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0490	−0.073%	$251K	$319K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0500	−0.024%	$69K	$22K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0480	−0.122%	$2.0M	$451K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0490	−0.073%	$811K	$70K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0490	−0.073%	$620K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0500	−0.024%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0472	−0.162%	$5K	$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	2.0440	−0.317%	$82K	$155K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0489% / S −0.0195%	1h	2.0496	−0.042%	$169K	—	100x	as long as short
Kraken Futures PF_CVXUSDshort	+0.1343%	1h	2.0586	+0.394%	$122K	$91K	10x