Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0150%/8h= −16.4% APRpaid last 24h −0.101%

Price spread now: BloFin against GMX+0.193%51s7-day average −0.114% · you sell dearer than you buy

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

Long on GMX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.472%−$47 on $10k

Price spread, last 4 days (all we have)−0.262%−$26 · spread now +0.193%, 7d avg −0.114%

Together, before fees−0.735%−$73 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.307% dearer against GMX than usual: you sell high and buy low (spread +0.193% now, against its 7-day average of −0.114%): +$31 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.8 days. At the pace of the last 3 days (−0.472% in total) that is about 2.2 days. The two prices were read 51 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	GMX CVX/USD [ETH-USDC]	2.0580	L +0.0490% / S −0.0195%	pay 0.0061% / 1h	45m 54s	$170K	—	100x
Short	BloFin CVX-USDT	2.0620	0.0340	get 0.0170% / 4h	3h 45m	$83K	$150K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.193%Rate

Funding earned: −$31.41
Price spread: +0.193% → −0.114%: $30.71
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$24.71
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 44 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 BloFin live order book, 44 min ago	7.27 bp	24.3 bp −$24	63.3 bp −$633	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	−3.840%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0595	+0.069%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0603	+0.110%	$1.8M	$707K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0610	+0.144%	$252K	$315K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0580	−0.002%	$69K	$23K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0600	+0.096%	$2.1M	$523K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0600	+0.096%	$816K	$70K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0610	+0.144%	$624K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0590	+0.047%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0604	+0.115%	$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-USDTshort	+0.0340%	4h	2.0620	+0.193%	$83K	$150K	75x
GMX CVX/USD [ETH-USDC]long	L +0.0490% / S −0.0195%	1h	2.0580	long leg	$170K	—	100x
Kraken Futures PF_CVXUSD	+0.5114%	1h	2.0671	+0.440%	$124K	$93K	10x	as long as short