Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.034%
Price spread now: BloFin against Bybit−0.218%62s7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as 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−$1091.086% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.232%+$23 · spread now −0.218%, 7d avg −0.048%
=Funding pays, the price is against you. BloFin is 0.170% cheaper against Bybit than usual: you would sell low and buy high (spread −0.218% now, against its 7-day average of −0.048%). If the spread goes back, that is −$17 on $10k: about 2.4 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.014% in total) that is about 3 months. The two prices were read 62 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 is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CVXUSDT | 2.0605 | 0.0100 | pay 0.0050% / 4h | 3h 20m | $1.8M | $719K | 75x |
| Short | BloFin CVX-USDT | 2.0560 | 0.0340 | get 0.0170% / 4h | 3h 20m | $83K | $151K | 75x |
Bybit CVXUSDT
BloFin CVX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.4
- Price spread: −0.218% → −0.048%
- −$17.02
- Slippage, 4 orders
- −$85.6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$75.22
- Costs to cover
- 1.086%
- Break-even
- 17.4 days
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 69 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 Bybit live order book, 1 min ago | 3.64 bp | 34.2 bp −$34 | 145.9 bp −$1,459 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 69 min ago | 7.27 bp | 24.3 bp −$24 | 63.3 bp −$633 | doesn't fit | doesn't fit |
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 | −3.955% | — | $33K | 5.5x | as long as short |
| Binance CVXUSDT | +0.0100% | 4h | 2.0600 | −0.024% | $1.7M | $2.6M | 75x | as long as short |
| Bybit CVXUSDTlong | +0.0100% | 4h | 2.0605 | long leg | $1.8M | $719K | 75x | |
| OKX CVX-USDT-SWAP | +0.0100% | 4h | 2.0630 | +0.121% | $251K | $317K | 10x | as long as short |
| Gate CVX_USDT | +0.0100% | 8h | 2.0560 | −0.218% | $69K | $23K | 25x | as long as short |
| MEXC CVX_USDT | +0.0100% | 4h | 2.0580 | −0.121% | $2.1M | $525K | 20x | as long as short |
| KuCoin CVXUSDTM | +0.0100% | 4h | 2.0580 | −0.121% | $816K | $70K | 20x | as long as short |
| Bitget CVXUSDT | +0.0100% | 4h | 2.0580 | −0.121% | $623K | $128K | 25x | as long as short |
| BingX CVX-USDT | +0.0100% | 4h | 2.0590 | −0.073% | — | $1.6M | — | as long as short |
| Variational Omni CVX | +0.0100% | 4h | 2.0600 | −0.025% | $6K | $2K | — | as long as short |
Injective CVX/USDC PERP
Binance CVXUSDT
OKX CVX-USDT-SWAP
Gate CVX_USDT
MEXC CVX_USDT
KuCoin CVXUSDTM
Bitget CVXUSDT
BingX CVX-USDT
Variational Omni CVXShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CVX-USDTshort | +0.0340% | 4h | 2.0560 | −0.218% | $83K | $151K | 75x | |
| GMX CVX/USD [ETH-USDC] | L +0.0491% / S −0.0195% | 1h | 2.0596 | −0.044% | $170K | — | 100x | as long as short |
| Kraken Futures PF_CVXUSD | +0.5127% | 1h | 2.0620 | +0.072% | $124K | $94K | 10x | as long as short |
GMX CVX/USD [ETH-USDC]
Kraken Futures PF_CVXUSD