Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0387%/8h= −42.4% APRpaid last 24h −0.143%

Price spread now: KuCoin against GMX−0.048%59s7-day average +0.002% · you buy dearer than you sell

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

Long on GMX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.489%−$49 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now −0.048%, 7d avg +0.002%

Together, before fees−0.581%−$58 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and KuCoin is 0.050% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.002%). Swap the legs. The two prices were read 59 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]	2.0400	L +0.0487% / S −0.0194%	pay 0.0061% / 1h	47m 14s	$168K	—	100x
Short	KuCoin CVXUSDTM	2.0390	0.0100	get 0.0050% / 4h	3h 47m	$765K	$71K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$81.33
Price spread: −0.048% → +0.002%: −$5
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$110.33
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 17 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 KuCoin live order book, 17 min ago	9.86 bp	80.9 bp −$81	doesn't fit	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	−2.989%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0434	+0.169%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0451	+0.251%	$1.8M	$746K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0440	+0.198%	$248K	$308K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0370	−0.146%	$68K	$21K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0430	+0.148%	$2.1M	$497K	20x	as long as short
KuCoin CVXUSDTMshort	+0.0100%	4h	2.0390	−0.048%	$765K	$71K	20x
Bitget CVXUSDT	+0.0100%	4h	2.0430	+0.148%	$618K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0450	+0.247%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0129%	4h	2.0440	+0.198%	$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-USDT	+0.0340%	4h	2.0440	+0.198%	$81K	$151K	75x	as long as short
GMX CVX/USD [ETH-USDC]long	L +0.0487% / S −0.0194%	1h	2.0400	long leg	$168K	—	100x
Kraken Futures PF_CVXUSD	+3.2234%	1h	2.0427	+0.132%	$119K	$100K	10x	as long as short