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 Variational Omni−3.747%61s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 3.747% cheaper against Variational Omni than usual: you would sell low and buy high (−$375 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 61 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	Variational Omni CVX	2.0560	0.0100	pay 0.0050% / 4h	4m 17s	$6K	$2K	—
Short	Injective CVX/USDC PERP	1.9790	0.0033	get 0.0004% / 1h	4m 17s	—	$33K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. 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 Variational OmnibpFee InjectivebpOrdersPrice spread, now −3.747%Rate

Funding earned: −$14
Price spread: −3.747% → 0.000%: −$374.7
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$388.72
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Variational Omni and 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	−3.747%	—	$33K	5.5x
Binance CVXUSDT	+0.0100%	4h	2.0521	−0.194%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0555	−0.026%	$1.8M	$713K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0540	−0.099%	$251K	$315K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0540	−0.099%	$69K	$23K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0510	−0.245%	$1.8M	$489K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0550	−0.051%	$813K	$69K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0530	−0.148%	$621K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0560	−0.002%	—	$1.6M	—	as long as short
Variational Omni CVXlong	+0.0100%	4h	2.0560	long leg	$6K	$2K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin CVX-USDT	+0.0340%	4h	2.0530	−0.148%	$83K	$149K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0489% / S −0.0195%	1h	2.0529	−0.153%	$169K	—	100x	as long as short
Kraken Futures PF_CVXUSD	+0.1336%	1h	2.0697	+0.664%	$125K	$93K	10x	as long as short