Funding you earn now, next payment 16:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.061%
Price spread now: OKX against BloFin+0.244%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1221.224% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)−0.264%−$26 · spread now +0.244%, 7d avg +0.033%
=The price spread pays, funding is against you. OKX is 0.211% dearer against BloFin than usual: you sell high and buy low (spread +0.244% now, against its 7-day average of +0.033%): +$21 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 7 days (−0.039% in total) that is about 37 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.039% in total (about -2.1% 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 are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CVX-USDT | 2.0500 | 0.0340 | pay 0.0170% / 4h | 3h 25m | $81K | $125K | 75x |
| Short | OKX CVX-USDT-SWAP | 2.0550 | 0.0100 | get 0.0050% / 4h | 3h 25m | $246K | $258K | 10x |
BloFin CVX-USDT
OKX CVX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.244% → +0.033%
- $21.12
- Slippage, 4 orders
- −$100.39
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$151.67
- Costs to cover
- 1.224%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 59 min ago; OKX: live order book, 8 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, 59 min ago | 7.35 bp | 18.1 bp −$18 | 48.3 bp −$483 | doesn't fit | doesn't fit |
| Sell OKX live order book, 8 min ago | 4.89 bp | 35.1 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
CVX on 13 exchanges
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 | 2.0320 | −0.878% | — | $54K | 5.5x | as long as short |
| Gate CVX_USDT | +0.0058% | 8h | 2.0520 | +0.098% | $71K | $23K | 25x | as long as short |
| Kraken Futures PF_CVXUSD | +0.0069% | 1h | 2.0521 | +0.101% | $118K | $92K | 10x | as long as short |
| Binance CVXUSDT | +0.0100% | 4h | 2.0510 | +0.049% | $1.7M | $2.2M | 75x | as long as short |
| Bybit CVXUSDT | +0.0100% | 4h | 2.0547 | +0.229% | $1.8M | $567K | 75x | as long as short |
| OKX CVX-USDT-SWAPshort | +0.0100% | 4h | 2.0550 | +0.244% | $246K | $258K | 10x | |
| MEXC CVX_USDT | +0.0100% | 4h | 2.0520 | +0.098% | $2.2M | $439K | 20x | as long as short |
| KuCoin CVXUSDTM | +0.0100% | 4h | 2.0520 | +0.098% | $774K | $72K | 20x | as long as short |
| Bitget CVXUSDT | +0.0100% | 4h | 2.0520 | +0.098% | $624K | $121K | 25x | as long as short |
| BingX CVX-USDT | +0.0100% | 4h | 2.0540 | +0.195% | — | $1.6M | — | as long as short |
Injective CVX/USDC PERP
Gate CVX_USDT
Kraken Futures PF_CVXUSD
Binance CVXUSDT
Bybit CVXUSDT
MEXC CVX_USDT
KuCoin CVXUSDTM
Bitget CVXUSDT
BingX CVX-USDTShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CVX | +0.0100% | 4h | 2.0568 | +0.332% | $6K | $2K | — | as long as short |
| BloFin CVX-USDTlong | +0.0340% | 4h | 2.0500 | long leg | $81K | $125K | 75x | |
| GMX CVX/USD [ETH-USDC] | L +0.0487% / S −0.0194% | 1h | 2.0505 | +0.026% | $169K | — | 100x | as long as short |
Variational Omni CVX
GMX CVX/USD [ETH-USDC]