Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.027%

Price spread now: GMX against Bitget+0.002%7-day average +0.045% · you sell dearer than you buy

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

Long on Bitget Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.101%+$10 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now +0.002%, 7d avg +0.045%

Together, before fees+0.103%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.043% cheaper against Bitget than usual: you would sell low and buy high (spread +0.002% now, against its 7-day average of +0.045%). If the spread goes back, that is −$4 on $10k: about 38 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CVXUSDT	2.0650	0.0100	pay 0.0050% / 4h	1h 40m	$627K	$131K	25x
Short	GMX CVX/USD [ETH-USDC]	2.0650	L +0.0479% / S −0.0190%	get 0.0024% / 1h	40m 09s	$169K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now +0.002%Rate

Funding earned: $18.91
Price spread: +0.002% → +0.045%: −$4.31
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$9.4
Costs to cover: 0.240%
Break-even: 10.5 days

Slippage unknown: Bitget: live order book, 40 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 Bitget live order book, 40 min ago	12.08 bp	43.9 bp −$44	143.4 bp −$1,434	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	−4.165%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0650	0.000%	$1.7M	$2.8M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0657	+0.034%	$1.7M	$820K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0650	0.000%	$253K	$378K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0650	0.000%	$69K	$24K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0650	0.000%	$2.1M	$509K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0670	+0.097%	$821K	$68K	20x	as long as short
Bitget CVXUSDTlong	+0.0100%	4h	2.0650	long leg	$627K	$131K	25x
BingX CVX-USDT	+0.0100%	4h	2.0650	0.000%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0670	+0.095%	$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	2.0680	+0.145%	$83K	$127K	75x	as long as short
GMX CVX/USD [ETH-USDC]short	L +0.0479% / S −0.0190%	1h	2.0650	+0.002%	$169K	—	100x
Kraken Futures PF_CVXUSD	+1.5662%	1h	2.0642	−0.036%	$110K	$73K	10x	as long as short