Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h −0.103%

Price spread now: BloFin against GMX+0.018%7-day average −0.105% · you sell dearer than you buy

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

Long on GMX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.491%−$49 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.018%, 7d avg −0.105%

Together, before fees−0.601%−$60 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.123% dearer against GMX than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.105%): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 4 days (−0.491% in total) that is about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CVX/USD [ETH-USDC]	2.0326	L +0.0487% / S −0.0194%	pay 0.0061% / 1h	58m 50s	$168K	—	100x
Short	BloFin CVX-USDT	2.0330	0.0340	get 0.0170% / 4h	3h 58m	$81K	$150K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against GMX. 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 GMXbpFee BloFinbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$30.86
Price spread: +0.018% → −0.105%: $12.33
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$42.53
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 6 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 6 min ago	4.93 bp	21.0 bp −$21	62.3 bp −$623	doesn't fit	doesn't fit

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	−2.638%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0348	+0.106%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0397	+0.348%	$1.8M	$749K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0360	+0.166%	$247K	$308K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0330	+0.018%	$68K	$21K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0340	+0.067%	$2.1M	$496K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0330	+0.018%	$763K	$74K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0360	+0.166%	$616K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0390	+0.313%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0189%	4h	2.0375	+0.238%	$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-USDTshort	+0.0340%	4h	2.0330	+0.018%	$81K	$150K	75x
GMX CVX/USD [ETH-USDC]long	L +0.0487% / S −0.0194%	1h	2.0326	long leg	$168K	—	100x
Kraken Futures PF_CVXUSD	+3.2322%	1h	2.0371	+0.220%	$118K	$98K	10x	as long as short