Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.6062%/8h= +663.8% APRpaid last 24h +0.817%

Price spread now: Kraken Futures against KuCoin+0.363%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,078as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,073as in the Price arb table

costs, in and out, $10k−$1,10311.032% of the position

Long on KuCoin 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)−0.146%−$15 · spread now +0.363%, 7d avg +0.059%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$182 a day on $10k at the current rate, and Kraken Futures is 0.304% dearer against KuCoin than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.059%.

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	KuCoin CVXUSDTM	2.0160	0.0100	pay 0.0050% / 4h	2h 24m	$761K	$83K	20x
Short	Kraken Futures PF_CVXUSD	2.0233	0.6162	get 0.0770% / 1h	24m 33s	$117K	$100K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.363%Rate

Funding earned: $1,273.09
Price spread: +0.363% → +0.059%: $30.37
Slippage, 4 orders: −$1,081.16
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $200.3
Costs to cover: 11.032%
Break-even: 5.9 days

Slippage from KuCoin: live order book, 60 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 KuCoin live order book, 60 min ago	7.29 bp	98.7 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 23 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	−1.835%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0162	+0.008%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0182	+0.109%	$1.7M	$756K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0160	0.000%	$244K	$314K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0160	0.000%	$68K	$23K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0160	0.000%	$2.0M	$503K	20x	as long as short
KuCoin CVXUSDTMlong	+0.0100%	4h	2.0160	long leg	$761K	$83K	20x
Bitget CVXUSDT	+0.0100%	4h	2.0180	+0.099%	$609K	$134K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0160	0.000%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0163	+0.013%	$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	2.0210	+0.248%	$81K	$150K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0485% / S −0.0194%	1h	2.0180	+0.101%	$167K	—	100x	as long as short
Kraken Futures PF_CVXUSDshort	+0.6162%	1h	2.0233	+0.363%	$117K	$100K	10x