Funding you earn now, next payment 06:00 UTC+0.5988%/8h= +655.7% APRpaid last 24h +0.817%
Price spread now: Kraken Futures against OKX+0.043%45s7-day average +0.142% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,702as 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−$1,72917.291% of the position
Funding, last 7 days+0.270%+$27 on $10k
+Price spread, last 4 days (all we have)+0.248%+$25 · spread now +0.043%, 7d avg +0.142%
=Funding pays, the price is against you. Kraken Futures is 0.099% cheaper against OKX than usual: you would sell low and buy high (spread +0.043% now, against its 7-day average of +0.142%). If the spread goes back, that is −$10 on $10k: about 1 hour of funding at the current rate (+$180 a day). At the pace of the last 7 days (+0.270% in total) that is about 2.6 days. The two prices were read 45 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 0.270% in total (about 14.1% 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 | OKX CVX-USDT-SWAP | 2.0470 | 0.0100 | pay 0.0050% / 4h | 2h 47m | $247K | $317K | 10x |
| Short | Kraken Futures PF_CVXUSD | 2.0479 | 0.6088 | get 0.0761% / 1h | 47m 32s | $118K | $100K | 10x |
OKX CVX-USDT-SWAP
Kraken Futures PF_CVXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $1,257.57
- Price spread: +0.043% → +0.142%
- −$9.92
- Slippage, 4 orders
- −$1,709.09
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$481.44
- Costs to cover
- 17.291%
- Break-even
- 9.7 days
Slippage from OKX: live order book, 63 min ago; Kraken Futures: live order book, 65 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 OKX live order book, 63 min ago | 4.86 bp | 46.8 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 65 min ago | 34.34 bp | 48.1 bp −$48 | 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 | −3.322% | — | $33K | 5.5x | as long as short |
| Binance CVXUSDT | +0.0100% | 4h | 2.0431 | −0.191% | $1.7M | $2.6M | 75x | as long as short |
| Bybit CVXUSDT | +0.0100% | 4h | 2.0462 | −0.039% | $1.8M | $730K | 75x | as long as short |
| OKX CVX-USDT-SWAPlong | +0.0100% | 4h | 2.0470 | long leg | $247K | $317K | 10x | |
| Gate CVX_USDT | +0.0100% | 8h | 2.0450 | −0.098% | $69K | $23K | 25x | as long as short |
| MEXC CVX_USDT | +0.0100% | 4h | 2.0440 | −0.147% | $2.1M | $501K | 20x | as long as short |
| KuCoin CVXUSDTM | +0.0100% | 4h | 2.0470 | 0.000% | $811K | $71K | 20x | as long as short |
| Bitget CVXUSDT | +0.0100% | 4h | 2.0450 | −0.098% | $618K | $129K | 25x | as long as short |
| BingX CVX-USDT | +0.0100% | 4h | 2.0460 | −0.049% | — | $1.6M | — | as long as short |
| Variational Omni CVX | +0.0100% | 4h | 2.0500 | +0.146% | $5K | $2K | — | as long as short |
Injective CVX/USDC PERP
Binance CVXUSDT
Bybit CVXUSDT
Gate CVX_USDT
MEXC 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 | 2.0430 | −0.195% | $82K | $151K | 75x | as long as short |
| GMX CVX/USD [ETH-USDC] | L +0.0489% / S −0.0195% | 1h | 2.0458 | −0.059% | $169K | — | 100x | as long as short |
| Kraken Futures PF_CVXUSDshort | +0.6088% | 1h | 2.0479 | +0.043% | $118K | $100K | 10x |
BloFin CVX-USDT
GMX CVX/USD [ETH-USDC]