Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1602%/8h= −175.4% APRpaid last 24h −0.899%

Price spread now: KuCoin against Kraken Futures−0.279%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,334as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,324as in the Price arb table

costs, in and out, $10k−$1,30213.017% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.326%−$33 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.279%, 7d avg −0.059%

Together, before fees−0.264%−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$48 a day on $10k at the current rate, and KuCoin is 0.220% cheaper against Kraken Futures than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.059%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.326% in total (about -17.0% 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	2.0377	0.1702	pay 0.0213% / 1h	51m 22s	$117K	$100K	10x
Short	KuCoin CVXUSDTM	2.0320	0.0100	get 0.0050% / 4h	1h 51m	$763K	$86K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.279%Rate

Funding earned: −$336.32
Price spread: −0.279% → −0.059%: −$22
Slippage, 4 orders: −$1,279.66
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,659.98
Costs to cover: 13.017%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 56 min ago; KuCoin: live order book, 28 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 Kraken Futures live order book, 56 min ago	16.16 bp	853.7 bp −$854	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 28 min ago	14.79 bp	189.2 bp −$189	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	−2.880%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0321	−0.274%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0359	−0.088%	$1.8M	$755K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0350	−0.132%	$246K	$317K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0320	−0.279%	$68K	$21K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0330	−0.230%	$2.0M	$497K	20x	as long as short
KuCoin CVXUSDTMshort	+0.0100%	4h	2.0320	−0.279%	$763K	$86K	20x
Bitget CVXUSDT	+0.0100%	4h	2.0340	−0.181%	$614K	$133K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0340	−0.181%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0392	+0.076%	$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	−0.083%	$82K	$151K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0487% / S −0.0194%	1h	2.0326	−0.250%	$168K	—	100x	as long as short
Kraken Futures PF_CVXUSDlong	+0.1702%	1h	2.0377	long leg	$117K	$100K	10x