Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.027%

Price spread now: GMX against BingX−0.076%7-day average +0.089% · you buy dearer than you sell

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

Long on BingX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.101%+$10 on $10k

Price spread, last 3 days (all we have)+0.212%+$21 · spread now −0.076%, 7d avg +0.089%

Together, before fees+0.313%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.165% cheaper against BingX than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of +0.089%). If the spread goes back, that is −$17 on $10k: about 6.1 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	BingX CVX-USDT	2.0510	0.0100	pay 0.0050% / 4h	1h 14m	—	$1.6M	—
Short	GMX CVX/USD [ETH-USDC]	2.0494	L +0.0478% / S −0.0190%	get 0.0024% / 1h	14m 11s	$167K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.076%Rate

Funding earned: $18.91
Price spread: −0.076% → +0.089%: −$16.55
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$19.63
Costs to cover: 0.220%
Break-even: 14.3 days

Slippage unknown: BingX: live order book, 8 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 BingX live order book, 8 min ago	7.30 bp	24.6 bp −$25	87.4 bp −$874	624.5 bp −$62.4K	1034.4 bp −$517.2K
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	−3.510%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0510	0.000%	$1.7M	$2.7M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0514	+0.020%	$1.7M	$808K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0520	+0.049%	$253K	$371K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0500	−0.049%	$68K	$25K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0500	−0.049%	$2.0M	$521K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0540	+0.146%	$816K	$67K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0510	0.000%	$622K	$131K	25x	as long as short
BingX CVX-USDTlong	+0.0100%	4h	2.0510	long leg	—	$1.6M	—
Variational Omni CVX	+0.0100%	4h	2.0493	−0.083%	$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	2.0520	+0.049%	$83K	$126K	75x	as long as short
GMX CVX/USD [ETH-USDC]short	L +0.0478% / S −0.0190%	1h	2.0494	−0.076%	$167K	—	100x
Kraken Futures PF_CVXUSD	+1.5758%	1h	2.0516	+0.030%	$110K	$72K	10x	as long as short