CVX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1732%/8h= +189.7% APRnext payment +$2.17 per $10,000 · paid last 24h +0.542%

Price spread now: Kraken Futures against GMX+1.134%7-day average +0.052% · you sell dearer than you buy

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

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.297%+$30 on $10k

Price spread, last 4 days (all we have)−0.790%−$79 · spread now +1.134%, 7d avg +0.052%

Together, before fees−0.492%−$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$52 a day on $10k at the current rate, and Kraken Futures is 1.082% dearer against GMX than usual: you sell high and buy low: +$108 more if the spread goes back to its 7-day average of +0.052%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.297% in total (about 33.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.17 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	GMX CVX/USD [ETH-USDC]	2.0684	L +0.0491% / S −0.0195%	pay 0.0061% / 1h	26m 18s	$171K	—	100x
Short	Kraken Futures PF_CVXUSD	2.0918	0.2223	get 0.0278% / 1h	26m 18s	$120K	$86K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +1.134%Rate

Funding earned: $363.8
Price spread: +1.134% → +0.052%: $108.24
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $450.04
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 36 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 Kraken Futures live order book, 36 min ago	37.42 bp	90.9 bp −$91	doesn't fit	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	−4.321%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0694	+0.050%	$1.7M	$2.5M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0709	+0.122%	$1.7M	$708K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0680	−0.018%	$252K	$324K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0690	+0.031%	$69K	$27K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0680	−0.018%	$2.0M	$458K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0720	+0.176%	$821K	$69K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0710	+0.127%	$627K	$123K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0720	+0.176%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0743	+0.288%	$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	2.0690	+0.031%	$83K	$153K	75x	as long as short
GMX CVX/USD [ETH-USDC]long	L +0.0491% / S −0.0195%	1h	2.0684	long leg	$171K	—	100x
Kraken Futures PF_CVXUSDshort	+0.2223%	1h	2.0918	+1.134%	$120K	$86K	10x