Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.5030%/8h= −550.8% APRpaid last 24h −0.747%

Price spread now: Gate against Kraken Futures−0.184%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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.192%−$19 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$151 a day on $10k at the current rate, and Gate is 0.184% cheaper against Kraken Futures than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.192% in total (about -10.0% 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	Kraken Futures PF_CVXUSD	2.0608	0.5130	pay 0.0641% / 1h	26m 02s	$124K	$94K	10x
Short	Gate CVX_USDT	2.0570	0.0100	get 0.0100% / 8h	3h 26m	$69K	$23K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.184%Rate

Funding earned: −$1,056.27
Price spread: −0.184% → 0.000%: −$18.37
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,099.64
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 26 min ago; Gate: 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, 26 min ago	34.34 bp	1595.0 bp −$1,595	doesn't fit	doesn't fit	doesn't fit
Sell Gate no order-book sample	—	—	—	—	—

Gate: 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	−3.969%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0570	−0.184%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0599	−0.043%	$1.8M	$717K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0580	−0.135%	$251K	$316K	10x	as long as short
Gate CVX_USDTshort	+0.0100%	8h	2.0570	−0.184%	$69K	$23K	25x
MEXC CVX_USDT	+0.0100%	4h	2.0570	−0.184%	$2.1M	$524K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0600	−0.038%	$816K	$70K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0600	−0.038%	$623K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0620	+0.059%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0595	−0.064%	$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-USDT	+0.0340%	4h	2.0600	−0.038%	$82K	$151K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0490% / S −0.0195%	1h	2.0558	−0.243%	$170K	—	100x	as long as short
Kraken Futures PF_CVXUSDlong	+0.5130%	1h	2.0608	long leg	$124K	$94K	10x