Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0150%/8h= −16.4% APRpaid last 24h +0.019%

Price spread now: GMX against BloFin−0.076%7-day average +0.126% · you buy dearer than you sell

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

Long on BloFin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.127%+$13 on $10k

Price spread, last 3 days (all we have)+0.146%+$15 · spread now −0.076%, 7d avg +0.126%

Together, before fees+0.273%+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and GMX is 0.202% cheaper against BloFin than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.126%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.127%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CVX-USDT	2.0510	0.0340	pay 0.0170% / 4h	1h 08m	$83K	$126K	75x
Short	GMX CVX/USD [ETH-USDC]	2.0494	L +0.0478% / S −0.0190%	get 0.0024% / 1h	8m 45s	$167K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$31.49
Price spread: −0.076% → +0.126%: −$20.17
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$75.66
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 64 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 BloFin live order book, 64 min ago	4.85 bp	21.0 bp −$21	62.3 bp −$623	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	−3.510%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0518	+0.040%	$1.7M	$2.7M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0530	+0.098%	$1.7M	$815K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0510	0.000%	$252K	$370K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0510	0.000%	$68K	$25K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0500	−0.049%	$2.0M	$522K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0540	+0.146%	$816K	$67K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0500	−0.049%	$622K	$131K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0490	−0.098%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0504	−0.031%	$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-USDTlong	+0.0340%	4h	2.0510	long leg	$83K	$126K	75x
GMX CVX/USD [ETH-USDC]short	L +0.0478% / S −0.0190%	1h	2.0494	−0.076%	$167K	—	100x
Kraken Futures PF_CVXUSD	+1.5756%	1h	2.0519	+0.046%	$110K	$72K	10x	as long as short