Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0389%/8h= −42.6% APRpaid last 24h −0.137%

Price spread now: OKX against GMX−0.095%7-day average −0.088% · you buy dearer than you sell

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

Long on GMX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.473%−$47 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now −0.095%, 7d avg −0.088%

Together, before fees−0.535%−$54 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.088%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CVX/USD [ETH-USDC]	2.0560	L +0.0489% / S −0.0195%	pay 0.0061% / 1h	55m 42s	$170K	—	100x
Short	OKX CVX-USDT-SWAP	2.0540	0.0100	get 0.0050% / 4h	3h 55m	$251K	$313K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$81.73
Price spread: −0.095% → −0.088%: −$0.64
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$104.37
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; OKX: live order book, 60 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 OKX live order book, 60 min ago	4.87 bp	47.2 bp −$47	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	−3.743%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0573	+0.068%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0592	+0.158%	$1.8M	$714K	75x	as long as short
OKX CVX-USDT-SWAPshort	+0.0100%	4h	2.0540	−0.095%	$251K	$313K	10x
Gate CVX_USDT	+0.0100%	8h	2.0560	+0.002%	$69K	$22K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0560	+0.002%	$1.8M	$486K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0580	+0.100%	$815K	$69K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0550	−0.046%	$622K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0580	+0.100%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0608	+0.238%	$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	2.0580	+0.100%	$83K	$149K	75x	as long as short
GMX CVX/USD [ETH-USDC]long	L +0.0489% / S −0.0195%	1h	2.0560	long leg	$170K	—	100x
Kraken Futures PF_CVXUSD	+0.5123%	1h	2.0635	+0.370%	$124K	$93K	10x	as long as short