Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.028%

Price spread now: GMX against OKX−0.106%52s7-day average +0.076% · you buy dearer than you sell

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

Long on OKX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.117%+$12 on $10k

Price spread, last 4 days (all we have)+0.207%+$21 · spread now −0.106%, 7d avg +0.076%

Together, before fees+0.323%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.183% cheaper against OKX than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of +0.076%). If the spread goes back, that is −$18 on $10k: about 6.5 days of funding at the current rate (+$3 a day). The two prices were read 52 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	OKX CVX-USDT-SWAP	2.0360	0.0100	pay 0.0050% / 4h	3h 59m	$247K	$308K	10x
Short	GMX CVX/USD [ETH-USDC]	2.0338	L +0.0487% / S −0.0194%	get 0.0024% / 1h	59m 33s	$168K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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 OKXbpFee GMXbpOrdersPrice spread, now −0.106%Rate

Funding earned: $19.8
Price spread: −0.106% → +0.076%: −$18.26
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$20.46
Costs to cover: 0.220%
Break-even: 14.2 days

Slippage unknown: OKX: live order book, 36 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 OKX live order book, 36 min ago	7.38 bp	38.2 bp −$38	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	−2.800%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0350	−0.049%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0378	+0.088%	$1.8M	$749K	75x	as long as short
OKX CVX-USDT-SWAPlong	+0.0100%	4h	2.0360	long leg	$247K	$308K	10x
Gate CVX_USDT	+0.0100%	8h	2.0330	−0.147%	$68K	$21K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0340	−0.098%	$2.1M	$496K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0330	−0.147%	$763K	$74K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0350	−0.049%	$616K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0350	−0.049%	—	$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	2.0350	−0.049%	$81K	$151K	75x	as long as short
GMX CVX/USD [ETH-USDC]short	L +0.0487% / S −0.0194%	1h	2.0338	−0.106%	$168K	—	100x
Kraken Futures PF_CVXUSD	+0.2800%	1h	2.0381	+0.104%	$118K	$98K	10x	as long as short