Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.034%
Price spread now: Binance against BloFin+0.116%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$860.862% of the position
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.116%, 7d avg +0.004%
=The price spread pays, funding is against you. Binance is 0.111% dearer against BloFin than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of +0.004%): +$11 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.081% in total) that is about 9.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.081% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 per $10,000. 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 | BloFin CVX-USDT | 2.0170 | 0.0340 | pay 0.0170% / 4h | 2h 38m | $81K | $149K | 75x |
| Short | Binance CVXUSDT | 2.0193 | 0.0100 | get 0.0050% / 4h | 2h 38m | $1.7M | $2.6M | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.4
- Price spread: +0.116% → +0.004%
- $11.1
- Slippage, 4 orders
- −$64.25
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$125.55
- Costs to cover
- 0.862%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 41 min ago; Binance: live order book, 11 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 BloFin live order book, 41 min ago | 2.43 bp | 23.1 bp −$23 | 60.6 bp −$606 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 2.45 bp | 26.6 bp −$27 | 86.1 bp −$861 | 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 | −1.884% | — | $33K | 5.5x | as long as short |
| Binance CVXUSDTshort | +0.0100% | 4h | 2.0193 | +0.116% | $1.7M | $2.6M | 75x | |
| Bybit CVXUSDT | +0.0100% | 4h | 2.0178 | +0.040% | $1.7M | $749K | 75x | as long as short |
| OKX CVX-USDT-SWAP | +0.0100% | 4h | 2.0170 | 0.000% | $244K | $314K | 10x | as long as short |
| Gate CVX_USDT | +0.0100% | 8h | 2.0160 | −0.050% | $68K | $23K | 25x | as long as short |
| MEXC CVX_USDT | +0.0100% | 4h | 2.0210 | +0.198% | $2.0M | $502K | 20x | as long as short |
| KuCoin CVXUSDTM | +0.0100% | 4h | 2.0180 | +0.050% | $800K | $71K | 20x | as long as short |
| Bitget CVXUSDT | +0.0100% | 4h | 2.0180 | +0.050% | $610K | $129K | 25x | as long as short |
| BingX CVX-USDT | +0.0100% | 4h | 2.0190 | +0.099% | — | $1.6M | — | as long as short |
| Variational Omni CVX | +0.0100% | 4h | 2.0333 | +0.809% | $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-USDTlong | +0.0340% | 4h | 2.0170 | long leg | $81K | $149K | 75x | |
| GMX CVX/USD [ETH-USDC] | L +0.0486% / S −0.0194% | 1h | 2.0177 | +0.033% | $167K | — | 100x | as long as short |
| Kraken Futures PF_CVXUSD | +0.6144% | 1h | 2.0294 | +0.613% | $117K | $100K | 10x | as long as short |
BloFin CVX-USDT
Binance CVXUSDT
Injective CVX/USDC PERP
Bybit CVXUSDT
OKX CVX-USDT-SWAP
Gate CVX_USDT
MEXC CVX_USDT
KuCoin CVXUSDTM
Bitget CVXUSDT
BingX CVX-USDT
Variational Omni CVX
GMX CVX/USD [ETH-USDC]
Kraken Futures PF_CVXUSD