Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.026%

Price spread now: GMX against KuCoin+0.027%7-day average +0.006% · you sell dearer than you buy

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

Long on KuCoin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.108%+$11 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now +0.027%, 7d avg +0.006%

Together, before fees+0.213%+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.021% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CVXUSDTM	2.0610	0.0100	pay 0.0050% / 4h	3h 52m	$817K	$70K	20x
Short	GMX CVX/USD [ETH-USDC]	2.0616	L +0.0490% / S −0.0195%	get 0.0024% / 1h	52m 16s	$170K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.027%Rate

Funding earned: $19.86
Price spread: +0.027% → +0.006%: $2.13
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$2.01
Costs to cover: 0.240%
Break-even: 7.7 days

Slippage unknown: KuCoin: live order book, 37 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 KuCoin live order book, 37 min ago	7.27 bp	155.7 bp −$156	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	−3.979%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0630	+0.097%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0657	+0.228%	$1.8M	$714K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0650	+0.194%	$252K	$315K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0600	−0.049%	$69K	$23K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0620	+0.049%	$1.8M	$486K	20x	as long as short
KuCoin CVXUSDTMlong	+0.0100%	4h	2.0610	long leg	$817K	$70K	20x
Bitget CVXUSDT	+0.0100%	4h	2.0620	+0.049%	$624K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0630	+0.097%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0608	−0.008%	$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	2.0600	−0.049%	$83K	$149K	75x	as long as short
GMX CVX/USD [ETH-USDC]short	L +0.0490% / S −0.0195%	1h	2.0616	+0.027%	$170K	—	100x
Kraken Futures PF_CVXUSD	+0.5113%	1h	2.0674	+0.312%	$124K	$93K	10x	as long as short