CVX

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.4994%/8h= −546.8% APRnext payment −$6.24 per $10,000 · paid last 24h −0.721%

Price spread now: GMX against Kraken Futures−0.142%7-day average −0.060% · you buy dearer than you sell

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

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.695%−$69 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.142%, 7d avg −0.060%

Together, before fees−0.753%−$75 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$150 a day on $10k at the current rate, and GMX is 0.082% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.060%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.695% in total (about -75.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_CVXUSD	2.0376	0.5188	pay 0.0649% / 1h	0m 24s	$118K	$99K	10x
Short	GMX CVX/USD [ETH-USDC]	2.0347	L +0.0488% / S −0.0195%	get 0.0024% / 1h	0m 24s	$168K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.142%Rate

Funding earned: −$1,048.65
Price spread: −0.142% → −0.060%: −$8.23
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1,078.88
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 52 min ago; GMX: 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 Kraken Futures live order book, 52 min ago	34.34 bp	1595.0 bp −$1,595	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−2.878%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0361	−0.074%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0383	+0.033%	$1.8M	$722K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0360	−0.080%	$246K	$314K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0370	−0.031%	$68K	$23K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0350	−0.129%	$2.1M	$526K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0390	+0.067%	$808K	$70K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0370	−0.031%	$616K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0360	−0.080%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0385	+0.042%	$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	2.0320	−0.277%	$82K	$150K	75x	as long as short
GMX CVX/USD [ETH-USDC]short	L +0.0488% / S −0.0195%	1h	2.0347	−0.142%	$168K	—	100x
Kraken Futures PF_CVXUSDlong	+0.5188%	1h	2.0376	long leg	$118K	$99K	10x