Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0385%/8h= −42.2% APRpaid last 24h −0.133%

Price spread now: Binance against GMX+0.057%7-day average −0.107% · you sell dearer than you buy

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

Long on GMX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.502%−$50 on $10k

Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.057%, 7d avg −0.107%

Together, before fees−0.715%−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.164% dearer against GMX than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of −0.107%): +$16 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CVX/USD [ETH-USDC]	2.0128	L +0.0485% / S −0.0194%	pay 0.0061% / 1h	27m 41s	$166K	—	100x
Short	Binance CVXUSDT	2.0139	0.0100	get 0.0050% / 4h	2h 27m	$1.7M	$2.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GMX. 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 GMXbpFee BinancebpOrdersPrice spread, now +0.057%Rate

Funding earned: −$80.87
Price spread: +0.057% → −0.107%: $16.43
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$86.43
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: live order book, 7 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 7 min ago	2.48 bp	30.3 bp −$30	86.6 bp −$866	doesn't fit	doesn't fit

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	−1.678%	—	$33K	5.5x	as long as short
Binance CVXUSDTshort	+0.0100%	4h	2.0139	+0.057%	$1.7M	$2.6M	75x
Bybit CVXUSDT	+0.0100%	4h	2.0152	+0.120%	$1.7M	$756K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0160	+0.160%	$244K	$314K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0140	+0.060%	$68K	$23K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0140	+0.060%	$2.0M	$503K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0150	+0.110%	$760K	$83K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0130	+0.011%	$608K	$134K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0160	+0.160%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0196	+0.341%	$5K	$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	2.0180	+0.259%	$81K	$149K	75x	as long as short
GMX CVX/USD [ETH-USDC]long	L +0.0485% / S −0.0194%	1h	2.0128	long leg	$166K	—	100x
Kraken Futures PF_CVXUSD	+0.6184%	1h	2.0162	+0.170%	$116K	$100K	10x	as long as short