Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.6070%/8h= −664.7% APRpaid last 24h −0.817%

Price spread now: Variational Omni against Kraken Futures−0.055%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$182 a day on $10k at the current rate, and Variational Omni is 0.055% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_CVXUSD	2.0207	0.6170	pay 0.0771% / 1h	28m 38s	$116K	$100K	10x
Short	Variational Omni CVX	2.0196	0.0100	get 0.0050% / 4h	2h 28m	$5K	$2K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.055%Rate

Funding earned: −$1,274.74
Price spread: −0.055% → 0.000%: −$5.46
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1,290.2
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 19 min ago; Variational Omni: 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, 19 min ago	16.16 bp	853.7 bp −$854	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	−2.066%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0154	−0.265%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0184	−0.116%	$1.7M	$756K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0200	−0.037%	$244K	$315K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0170	−0.185%	$68K	$23K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0160	−0.235%	$2.0M	$503K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0170	−0.185%	$761K	$83K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0180	−0.136%	$610K	$133K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0190	−0.086%	—	$1.6M	—	as long as short
Variational Omni CVXshort	+0.0100%	4h	2.0196	−0.055%	$5K	$2K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin CVX-USDT	+0.0340%	4h	2.0180	−0.136%	$81K	$149K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0485% / S −0.0194%	1h	2.0179	−0.138%	$167K	—	100x	as long as short
Kraken Futures PF_CVXUSDlong	+0.6170%	1h	2.0207	long leg	$116K	$100K	10x