Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.026%

Price spread now: GMX against BingX−0.144%7-day average +0.071% · you buy dearer than you sell

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

Long on BingX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.110%+$11 on $10k

Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.144%, 7d avg +0.071%

Together, before fees+0.338%+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.215% cheaper against BingX than usual: you would sell low and buy high (spread −0.144% now, against its 7-day average of +0.071%). If the spread goes back, that is −$21 on $10k: about 7.6 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	BingX CVX-USDT	2.0390	0.0100	pay 0.0050% / 4h	58m 49s	—	$1.6M	—
Short	GMX CVX/USD [ETH-USDC]	2.0361	L +0.0487% / S −0.0194%	get 0.0024% / 1h	58m 49s	$168K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.144%Rate

Funding earned: $19.8
Price spread: −0.144% → +0.071%: −$21.45
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$23.65
Costs to cover: 0.220%
Break-even: 15.4 days

Slippage unknown: BingX: live order book, 3 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 BingX live order book, 3 min ago	7.36 bp	28.2 bp −$28	76.2 bp −$762	605.0 bp −$60.5K	1000.9 bp −$500.5K
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	−2.943%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0357	−0.164%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0384	−0.029%	$1.8M	$748K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0390	0.000%	$246K	$312K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0360	−0.147%	$68K	$21K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0370	−0.098%	$2.1M	$497K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0370	−0.098%	$765K	$74K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0380	−0.049%	$615K	$127K	25x	as long as short
BingX CVX-USDTlong	+0.0100%	4h	2.0390	long leg	—	$1.6M	—
Variational Omni CVX	+0.0100%	4h	2.0407	+0.083%	$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	2.0380	−0.049%	$81K	$151K	75x	as long as short
GMX CVX/USD [ETH-USDC]short	L +0.0487% / S −0.0194%	1h	2.0361	−0.144%	$168K	—	100x
Kraken Futures PF_CVXUSD	+0.2798%	1h	2.0395	+0.025%	$118K	$98K	10x	as long as short