Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against KuCoin−3.180%70s7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Injective

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 3.180% cheaper against KuCoin than usual: you would sell low and buy high (−$318 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 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	KuCoin CVXUSDTM	2.0440	0.0100	pay 0.0050% / 4h	46m 09s	$809K	$70K	20x
Short	Injective CVX/USDC PERP	1.9790	0.0033	get 0.0004% / 1h	46m 09s	—	$33K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −3.180%Rate

Funding earned: −$14
Price spread: −3.180% → 0.000%: −$318
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$344.02
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 48 min ago; Injective: 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, 48 min ago	9.67 bp	125.0 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 PERPshort	+0.0033%	1h	1.9790	−3.180%	—	$33K	5.5x
Binance CVXUSDT	+0.0100%	4h	2.0432	−0.038%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0439	−0.005%	$1.7M	$722K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0440	0.000%	$250K	$319K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0400	−0.196%	$68K	$22K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0430	−0.049%	$2.0M	$451K	20x	as long as short
KuCoin CVXUSDTMlong	+0.0100%	4h	2.0440	long leg	$809K	$70K	20x
Bitget CVXUSDT	+0.0100%	4h	2.0430	−0.049%	$618K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0450	+0.049%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0443	+0.013%	$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	2.0430	−0.049%	$83K	$155K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0488% / S −0.0195%	1h	2.0411	−0.143%	$169K	—	100x	as long as short
Kraken Futures PF_CVXUSD	+0.1352%	1h	2.0456	+0.078%	$120K	$90K	10x	as long as short