Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h −0.135%

Price spread now: KuCoin against GMX+0.093%7-day average −0.004% · you sell dearer than you buy

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

Long on GMX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.469%−$47 on $10k

Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.093%, 7d avg −0.004%

Together, before fees−0.632%−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.097% dearer against GMX than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of −0.004%): +$10 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CVX/USD [ETH-USDC]	2.0401	L +0.0488% / S −0.0195%	pay 0.0061% / 1h	6m 47s	$168K	—	100x
Short	KuCoin CVXUSDTM	2.0420	0.0100	get 0.0050% / 4h	3h 06m	$809K	$70K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 KuCoinbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$81.52
Price spread: +0.093% → −0.004%: $9.66
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$95.85
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 18 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 KuCoin live order book, 18 min ago	7.29 bp	120.7 bp −$121	2084.8 bp −$20.8K	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	−2.995%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0421	+0.099%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0439	+0.186%	$1.8M	$721K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0430	+0.142%	$247K	$315K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0400	−0.005%	$69K	$23K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0420	+0.093%	$2.1M	$525K	20x	as long as short
KuCoin CVXUSDTMshort	+0.0100%	4h	2.0420	+0.093%	$809K	$70K	20x
Bitget CVXUSDT	+0.0100%	4h	2.0440	+0.191%	$618K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0420	+0.093%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0482	+0.398%	$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	2.0410	+0.044%	$82K	$150K	75x	as long as short
GMX CVX/USD [ETH-USDC]long	L +0.0488% / S −0.0195%	1h	2.0401	long leg	$168K	—	100x
Kraken Futures PF_CVXUSD	+0.5185%	1h	2.0387	−0.066%	$122K	$95K	10x	as long as short