Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.027%

Price spread now: GMX against Binance−0.056%7-day average +0.127% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.125%+$13 on $10k

Price spread, last 3 days (all we have)+0.285%+$29 · spread now −0.056%, 7d avg +0.127%

Together, before fees+0.411%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.183% cheaper against Binance than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of +0.127%). If the spread goes back, that is −$18 on $10k: about 6.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CVXUSDT	2.0609	0.0100	pay 0.0050% / 4h	2h 34m	$1.7M	$2.8M	75x
Short	GMX CVX/USD [ETH-USDC]	2.0597	L +0.0480% / S −0.0190%	get 0.0024% / 1h	34m 49s	$168K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now −0.056%Rate

Funding earned: $18.91
Price spread: −0.056% → +0.127%: −$18.29
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$21.38
Costs to cover: 0.220%
Break-even: 14.9 days

Slippage unknown: Binance: live order book, 16 min ago; GMX: 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 Binance live order book, 16 min ago	2.42 bp	26.5 bp −$27	117.6 bp −$1,176	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−3.974%	—	$33K	5.5x	as long as short
Binance CVXUSDTlong	+0.0100%	4h	2.0609	long leg	$1.7M	$2.8M	75x
Bybit CVXUSDT	+0.0100%	4h	2.0606	−0.014%	$1.7M	$824K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0600	−0.044%	$254K	$377K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0580	−0.141%	$69K	$25K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0610	+0.005%	$2.0M	$480K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0630	+0.102%	$825K	$67K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0590	−0.092%	$626K	$131K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0600	−0.044%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0664	+0.266%	$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	2.0570	−0.189%	$84K	$128K	75x	as long as short
GMX CVX/USD [ETH-USDC]short	L +0.0480% / S −0.0190%	1h	2.0597	−0.056%	$168K	—	100x
Kraken Futures PF_CVXUSD	+1.3551%	1h	2.0726	+0.569%	$116K	$63K	10x	as long as short