Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.1988%/8h= −217.7% APRpaid last 24h +0.963%

Price spread now: Kraken Futures against MEXC+0.172%7-day average +0.161% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2,095as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,139as in the Price arb table

costs, in and out, $10k−$2,14021.398% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.445%+$44 on $10k

Price spread, last 4 days (all we have)+0.462%+$46 · spread now +0.172%, 7d avg +0.161%

Together, before fees+0.907%+$91 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.161%, so right now this pair is about funding alone: −$60 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.445%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.445% in total (about 23.2% 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	2.0470	0.0100	pay 0.0050% / 4h	2h 57m	$2.2M	$501K	20x
Short	Kraken Futures PF_CVXUSD	2.0505	−0.1888	pay 0.0236% / 1h	57m 37s	$120K	$99K	10x

Funding 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 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.172%Rate

Funding earned: −$417.57
Price spread: +0.172% → +0.161%: $1.1
Slippage, 4 orders: −$2,125.81
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$2,556.28
Costs to cover: 21.398%
Break-even: never at this rate

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	2.43 bp	14.5 bp −$14	48.8 bp −$488	314.4 bp −$31.4K	doesn't fit
Sell Kraken Futures live order book, 35 min ago	18.36 bp	1038.1 bp −$1,038	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
Kraken Futures PF_CVXUSDshort	−0.1888%	1h	2.0505	+0.172%	$120K	$99K	10x
Injective CVX/USDC PERP	+0.0033%	1h	1.9790	−3.322%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0465	−0.023%	$1.7M	$2.5M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0502	+0.156%	$1.8M	$726K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0490	+0.098%	$249K	$287K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0490	+0.098%	$69K	$21K	25x	as long as short
MEXC CVX_USDTlong	+0.0100%	4h	2.0470	long leg	$2.2M	$501K	20x
KuCoin CVXUSDTM	+0.0100%	4h	2.0490	+0.098%	$768K	$70K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0480	+0.049%	$621K	$123K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0490	+0.098%	—	$1.6M	—	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	2.0520	+0.244%	$81K	$151K	75x	as long as short
Variational Omni CVX	+0.0367%	4h	2.0579	+0.533%	$6K	$2K	—	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0488% / S −0.0194%	1h	2.0545	+0.366%	$170K	—	100x	as long as short