Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.5191%/8h= +568.4% APRpaid last 24h +0.134%

Price spread now: Kraken Futures against OKX+0.272%7-day average +0.131% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,547as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,500as in the Price arb table

costs, in and out, $10k−$1,51415.142% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.333%−$33 on $10k

Price spread, last 3 days (all we have)+0.213%+$21 · spread now +0.272%, 7d avg +0.131%

Together, before fees−0.120%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$156 a day on $10k at the current rate, and Kraken Futures is 0.140% dearer against OKX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.131%. Mind the row above: over the last 7 days funding on this pair cost −0.333%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.333% in total (about -17.3% 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	OKX CVX-USDT-SWAP	2.0960	0.0100	pay 0.0050% / 4h	3h 32m	$258K	$386K	10x
Short	Kraken Futures PF_CVXUSD	2.1017	0.5291	get 0.0661% / 1h	32m 12s	$117K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.272%Rate

Funding earned: $1,090.16
Price spread: +0.272% → +0.131%: $14.01
Slippage, 4 orders: −$1,494.23
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$410.06
Costs to cover: 15.142%
Break-even: 9.6 days

Slippage from OKX: live order book, 13 min ago; Kraken Futures: live order book, 15 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 OKX live order book, 13 min ago	9.66 bp	46.4 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 15 min ago	40.96 bp	47.2 bp −$47	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	−5.582%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0902	−0.279%	$1.7M	$2.7M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0932	−0.134%	$1.7M	$839K	75x	as long as short
OKX CVX-USDT-SWAPlong	+0.0100%	4h	2.0960	long leg	$258K	$386K	10x
Gate CVX_USDT	+0.0100%	8h	2.0890	−0.334%	$70K	$25K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0910	−0.239%	$2.2M	$451K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0950	−0.048%	$834K	$66K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0900	−0.286%	$661K	$110K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0930	−0.143%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0809	−0.721%	$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	2.0880	−0.382%	$85K	$128K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0624% / S −0.0194%	1h	2.0913	−0.226%	$258K	—	100x	as long as short
Kraken Futures PF_CVXUSDshort	+0.5291%	1h	2.1017	+0.272%	$117K	$70K	10x