Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1231%/8h= +134.8% APRpaid last 24h +0.578%

Price spread now: Kraken Futures against BloFin+0.594%7-day average +0.161% · you sell dearer than you buy

Net, funding: paid 7d − costs−$662as in the Funding arb table

Net, price: spread back to 7d avg − costs−$625as in the Price arb table

costs, in and out, $10k−$6686.682% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 3 days (all we have)−0.360%−$36 · spread now +0.594%, 7d avg +0.161%

Together, before fees−0.293%−$29 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 0.433% dearer against BloFin than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of +0.161%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.066% in total (about 3.5% 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	BloFin CVX-USDT	2.0580	0.0340	pay 0.0170% / 4h	3h 48m	$83K	$129K	75x
Short	Kraken Futures PF_CVXUSD	2.0702	0.1571	get 0.0196% / 1h	48m 45s	$111K	$79K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now +0.594%Rate

Funding earned: $258.56
Price spread: +0.594% → +0.161%: $43.27
Slippage, 4 orders: −$646.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$366.34
Costs to cover: 6.682%
Break-even: 16.9 days

Slippage from BloFin: live order book, 7 min ago; Kraken Futures: live order book, 23 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 BloFin live order book, 7 min ago	2.42 bp	30.5 bp −$30	73.8 bp −$738	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 23 min ago	23.23 bp	72.4 bp −$72	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	−3.839%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0630	+0.243%	$1.7M	$2.7M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0638	+0.282%	$1.7M	$821K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0640	+0.292%	$254K	$365K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0640	+0.292%	$69K	$25K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0650	+0.340%	$2.0M	$492K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0660	+0.389%	$818K	$69K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0650	+0.340%	$625K	$133K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0620	+0.194%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0649	+0.337%	$6K	$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-USDTlong	+0.0340%	4h	2.0580	long leg	$83K	$129K	75x
GMX CVX/USD [ETH-USDC]	L +0.0487% / S −0.0195%	1h	2.0612	+0.154%	$170K	—	100x	as long as short
Kraken Futures PF_CVXUSDshort	+0.1571%	1h	2.0702	+0.594%	$111K	$79K	10x