Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1601%/8h= +175.3% APRpaid last 24h +0.817%

Price spread now: Kraken Futures against Bitget+0.056%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$926as in the Funding arb table

Net, price: spread back to 7d avg − costs−$955as in the Price arb table

costs, in and out, $10k−$9529.517% 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+0.255%+$25 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now +0.056%, 7d avg +0.092%

Together, before fees+0.379%+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.036% cheaper against Bitget than usual: you would sell low and buy high (spread +0.056% now, against its 7-day average of +0.092%). If the spread goes back, that is −$4 on $10k: about 2 hours of funding at the current rate (+$48 a day). At the pace of the last 7 days (+0.255% in total) that is about 24 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.255% in total (about 13.3% 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	2.0370	0.0100	pay 0.0050% / 4h	1h 55m	$615K	$133K	25x
Short	Kraken Futures PF_CVXUSD	2.0381	0.1701	get 0.0213% / 1h	55m 12s	$117K	$100K	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 +0.056%Rate

Funding earned: $336.24
Price spread: +0.056% → +0.092%: −$3.65
Slippage, 4 orders: −$929.69
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$619.1
Costs to cover: 9.517%
Break-even: 19.9 days

Slippage from Bitget: live order book, 50 min ago; Kraken Futures: live order book, 52 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, 50 min ago	4.90 bp	37.7 bp −$38	106.8 bp −$1,068	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 52 min ago	16.16 bp	30.0 bp −$30	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	−2.847%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0360	−0.049%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0386	+0.079%	$1.8M	$755K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0380	+0.049%	$246K	$317K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0360	−0.049%	$68K	$21K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0360	−0.049%	$2.0M	$497K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0360	−0.049%	$764K	$86K	20x	as long as short
Bitget CVXUSDTlong	+0.0100%	4h	2.0370	long leg	$615K	$133K	25x
BingX CVX-USDT	+0.0100%	4h	2.0380	+0.049%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0392	+0.110%	$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	2.0360	−0.049%	$81K	$151K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0487% / S −0.0194%	1h	2.0349	−0.104%	$168K	—	100x	as long as short
Kraken Futures PF_CVXUSDshort	+0.1701%	1h	2.0381	+0.056%	$117K	$100K	10x