Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0389%/8h= −42.6% APRpaid last 24h −0.141%

Price spread now: Bybit against GMX+0.077%51s7-day average −0.078% · you sell dearer than you buy

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

Long on GMX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.456%−$46 on $10k

Price spread, last 3 days (all we have)−0.170%−$17 · spread now +0.077%, 7d avg −0.078%

Together, before fees−0.626%−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.154% dearer against GMX than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.078%): +$15 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 32 hours. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CVX/USD [ETH-USDC]	2.0576	L +0.0489% / S −0.0195%	pay 0.0061% / 1h	30m 29s	$170K	—	100x
Short	Bybit CVXUSDT	2.0592	0.0100	get 0.0050% / 4h	2h 30m	$1.7M	$757K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$81.61
Price spread: +0.077% → −0.078%: $15.42
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$89.19
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago	3.89 bp	31.0 bp −$31	120.2 bp −$1,202	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 12 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	−3.821%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0572	−0.023%	$1.7M	$2.5M	75x	as long as short
Bybit CVXUSDTshort	+0.0100%	4h	2.0592	+0.077%	$1.7M	$757K	75x
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0590	+0.067%	$253K	$333K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0560	−0.079%	$69K	$26K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0560	−0.079%	$2.0M	$471K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0590	+0.067%	$816K	$69K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0580	+0.018%	$623K	$126K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0590	+0.067%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0602	+0.124%	$6K	$2K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX CVX/USD [ETH-USDC]long	L +0.0489% / S −0.0195%	1h	2.0576	long leg	$170K	—	100x
Kraken Futures PF_CVXUSD	+0.3805%	1h	2.0638	+0.299%	$116K	$83K	10x	as long as short