Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−1.5583%/8h= −1706.3% APRpaid last 24h −0.378%

Price spread now: Variational Omni against Kraken Futures−0.281%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 3 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 −$467 a day on $10k at the current rate, and Variational Omni is 0.281% cheaper against Kraken Futures than usual: you would sell low and buy high (−$28 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	2.0615	1.5683	pay 0.1960% / 1h	3m 57s	$110K	$72K	10x
Short	Variational Omni CVX	2.0557	0.0100	get 0.0050% / 4h	1h 03m	$6K	$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

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 Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now −0.281%Rate

Funding earned: −$3,272.45
Price spread: −0.281% → 0.000%: −$28.11
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: −$3,310.56
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 13 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, 13 min ago	74.79 bp	1782.8 bp −$1,783	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	−4.000%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0559	−0.269%	$1.7M	$2.7M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0567	−0.231%	$1.7M	$815K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0560	−0.265%	$253K	$371K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0540	−0.362%	$68K	$25K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0550	−0.314%	$2.0M	$522K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0570	−0.217%	$817K	$67K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0550	−0.314%	$623K	$131K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0570	−0.217%	—	$1.6M	—	as long as short
Variational Omni CVXshort	+0.0100%	4h	2.0557	−0.281%	$6K	$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	2.0520	−0.459%	$83K	$126K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0478% / S −0.0190%	1h	2.0552	−0.306%	$168K	—	100x	as long as short
Kraken Futures PF_CVXUSDlong	+1.5683%	1h	2.0615	long leg	$110K	$72K	10x