Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.028%

Price spread now: GMX against MEXC−0.036%7-day average +0.099% · you buy dearer than you sell

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

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.139%+$14 on $10k

Price spread, last 4 days (all we have)+0.194%+$19 · spread now −0.036%, 7d avg +0.099%

Together, before fees+0.333%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.134% cheaper against MEXC than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.099%). If the spread goes back, that is −$13 on $10k: about 4.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CVX_USDT	2.0360	0.0100	pay 0.0050% / 4h	3h 57m	$2.1M	$496K	20x
Short	GMX CVX/USD [ETH-USDC]	2.0353	L +0.0487% / S −0.0194%	get 0.0024% / 1h	57m 35s	$168K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $19.8
Price spread: −0.036% → +0.099%: −$13.44
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: −$9.64
Costs to cover: 0.160%
Break-even: 10.4 days

Slippage unknown: MEXC: live order book, 4 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 MEXC live order book, 4 min ago	2.46 bp	13.3 bp −$13	37.5 bp −$375	291.6 bp −$29.2K	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	−2.800%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0361	+0.006%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0401	+0.201%	$1.8M	$748K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0380	+0.098%	$247K	$308K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0350	−0.049%	$68K	$21K	25x	as long as short
MEXC CVX_USDTlong	+0.0100%	4h	2.0360	long leg	$2.1M	$496K	20x
KuCoin CVXUSDTM	+0.0100%	4h	2.0340	−0.098%	$763K	$74K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0380	+0.098%	$617K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0400	+0.196%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0189%	4h	2.0375	+0.072%	$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	2.0330	−0.147%	$81K	$150K	75x	as long as short
GMX CVX/USD [ETH-USDC]short	L +0.0487% / S −0.0194%	1h	2.0353	−0.036%	$168K	—	100x
Kraken Futures PF_CVXUSD	+3.2283%	1h	2.0396	+0.175%	$118K	$98K	10x	as long as short