Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: GMX against Bitget−0.102%54s7-day average +0.046% · you buy dearer than you sell

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

Long on Bitget Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.103%+$10 on $10k

Price spread, last 3 days (all we have)+0.106%+$11 · spread now −0.102%, 7d avg +0.046%

Together, before fees+0.208%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.148% cheaper against Bitget than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of +0.046%). If the spread goes back, that is −$15 on $10k: about 5.5 days of funding at the current rate (+$3 a day). The two prices were read 54 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	Bitget CVXUSDT	2.0600	0.0100	pay 0.0050% / 4h	26m 29s	$625K	$132K	25x
Short	GMX CVX/USD [ETH-USDC]	2.0579	L +0.0479% / S −0.0190%	get 0.0024% / 1h	26m 29s	$168K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.102%Rate

Funding earned: $18.91
Price spread: −0.102% → +0.046%: −$14.81
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$19.89
Costs to cover: 0.240%
Break-even: 14.4 days

Slippage unknown: Bitget: live order book, 49 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 Bitget live order book, 49 min ago	4.87 bp	30.4 bp −$30	120.4 bp −$1,204	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	−3.932%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0602	+0.011%	$1.7M	$2.7M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0610	+0.049%	$1.7M	$824K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0600	0.000%	$254K	$365K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0600	0.000%	$69K	$25K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0590	−0.049%	$2.0M	$490K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0640	+0.194%	$818K	$67K	20x	as long as short
Bitget CVXUSDTlong	+0.0100%	4h	2.0600	long leg	$625K	$132K	25x
BingX CVX-USDT	+0.0100%	4h	2.0610	+0.049%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0635	+0.171%	$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	2.0610	+0.049%	$83K	$128K	75x	as long as short
GMX CVX/USD [ETH-USDC]short	L +0.0479% / S −0.0190%	1h	2.0579	−0.102%	$168K	—	100x
Kraken Futures PF_CVXUSD	+0.1664%	1h	2.0607	+0.034%	$110K	$76K	10x	as long as short