CVX

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.048%

Price spread now: BloFin against Bitget−0.099%55s7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$950.952% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.099%, 7d avg −0.080%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.080%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CVXUSDT	2.0250	0.0100	pay 0.0050% / 4h	1h 28m	$616K	$123K	25x
Short	BloFin CVX-USDT	2.0230	0.0340	get 0.0170% / 4h	1h 28m	$81K	$148K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee BloFinbpOrdersPrice spread, now −0.099%Rate

Funding earned: $50.4
Price spread: −0.099% → −0.080%: −$1.86
Slippage, 4 orders: −$71.17
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$46.63
Costs to cover: 0.952%
Break-even: 13.5 days

Slippage from Bitget: live order book, 15 min ago; BloFin: live order book, 8 min ago.

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 Bitget live order book, 15 min ago	4.91 bp	18.0 bp −$18	89.8 bp −$898	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	2.46 bp	14.4 bp −$14	43.7 bp −$437	doesn't fit	doesn't fit

CVX on 13 exchanges

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
Gate CVX_USDT	+0.0010%	8h	2.0240	−0.049%	$68K	$21K	25x	as long as short
Injective CVX/USDC PERP	+0.0033%	1h	1.9790	−2.272%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0252	+0.008%	$1.7M	$2.3M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0282	+0.158%	$1.8M	$612K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0250	0.000%	$243K	$267K	10x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0250	0.000%	$2.2M	$457K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0250	0.000%	$765K	$70K	20x	as long as short
Bitget CVXUSDTlong	+0.0100%	4h	2.0250	long leg	$616K	$123K	25x
BingX CVX-USDT	+0.0100%	4h	2.0250	0.000%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0172%	4h	2.0222	−0.137%	$5K	$2K	—	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin CVX-USDTshort	+0.0340%	4h	2.0230	−0.099%	$81K	$148K	75x
GMX CVX/USD [ETH-USDC]	L +0.0484% / S −0.0194%	1h	2.0235	−0.072%	$167K	—	100x	as long as short
Kraken Futures PF_CVXUSD	+0.1196%	1h	2.0263	+0.062%	$117K	$98K	10x	as long as short