Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: Binance against Injective+3.738%97s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 3.738% dearer against Injective than usual: you sell high and buy low: +$374 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 97 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	Injective CVX/USDC PERP	1.9790	0.0033	pay 0.0004% / 1h	53m 48s	—	$33K	5.5x
Short	Binance CVXUSDT	2.0530	0.0100	get 0.0050% / 4h	2h 53m	$1.7M	$2.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now +3.738%Rate

Funding earned: $14
Price spread: +3.738% → 0.000%: $373.8
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $377.78
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Binance: live order book, 11 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	4.82 bp	22.7 bp −$23	83.7 bp −$837	doesn't fit	doesn't fit

Injective: 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 PERPlong	+0.0033%	1h	1.9790	long leg	—	$33K	5.5x
Binance CVXUSDTshort	+0.0100%	4h	2.0530	+3.738%	$1.7M	$2.5M	75x
Bybit CVXUSDT	+0.0100%	4h	2.0536	+3.770%	$1.7M	$739K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0520	+3.689%	$252K	$336K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0500	+3.588%	$68K	$26K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0500	+3.588%	$2.0M	$469K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0530	+3.739%	$813K	$67K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0520	+3.689%	$621K	$125K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0500	+3.588%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0519	+3.683%	$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	2.0450	+3.335%	$84K	$139K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0488% / S −0.0195%	1h	2.0462	+3.395%	$169K	—	100x	as long as short
Kraken Futures PF_CVXUSD	+0.3820%	1h	2.0558	+3.879%	$115K	$82K	10x	as long as short