Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h −0.137%

Price spread now: Gate against GMX+0.133%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.133% dearer against GMX than usual: you sell high and buy low (spread +0.133% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CVX/USD [ETH-USDC]	2.0473	L +0.0488% / S −0.0195%	pay 0.0061% / 1h	53m 05s	$169K	—	100x
Short	Gate CVX_USDT	2.0500	0.0100	get 0.0100% / 8h	4h 53m	$69K	$22K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.133%Rate

Funding earned: −$81.5
Price spread: +0.133% → 0.000%: $13.3
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$95.2
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: 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 GMX no order-book sample	—	—	—	—	—
Sell Gate no order-book sample	—	—	—	—	—

GMX and Gate: 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	−3.335%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0490	+0.084%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0527	+0.265%	$1.8M	$720K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0500	+0.133%	$251K	$320K	10x	as long as short
Gate CVX_USDTshort	+0.0100%	8h	2.0500	+0.133%	$69K	$22K	25x
MEXC CVX_USDT	+0.0100%	4h	2.0490	+0.084%	$2.0M	$451K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0520	+0.231%	$812K	$70K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0500	+0.133%	$621K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0480	+0.035%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0551	+0.380%	$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-USDT	+0.0340%	4h	2.0510	+0.182%	$83K	$156K	75x	as long as short
GMX CVX/USD [ETH-USDC]long	L +0.0488% / S −0.0195%	1h	2.0473	long leg	$169K	—	100x
Kraken Futures PF_CVXUSD	+0.1344%	1h	2.0576	+0.505%	$121K	$90K	10x	as long as short