Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: BingX against Injective+2.425%87s7-day average — · you sell dearer than you buy

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

Long on Injective Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 2.425% dearer against Injective than usual: you sell high and buy low: +$243 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 87 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	Injective CVX/USDC PERP	1.9790	0.0033	pay 0.0004% / 1h	21m 54s	—	$33K	5.5x
Short	BingX CVX-USDT	2.0270	0.0100	get 0.0050% / 4h	21m 54s	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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 InjectivebpFee BingXbpOrdersPrice spread, now +2.425%Rate

Funding earned: $14
Price spread: +2.425% → 0.000%: $242.55
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: $246.53
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BingX: live order book, 10 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 Injective no order-book sample	—	—	—	—	—
Sell BingX live order book, 10 min ago	7.38 bp	34.9 bp −$35	91.5 bp −$915	641.4 bp −$64.1K	1230.0 bp −$615.0K

Injective: 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 PERPlong	+0.0033%	1h	1.9790	long leg	—	$33K	5.5x
Binance CVXUSDT	+0.0100%	4h	2.0278	+2.464%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0313	+2.643%	$1.8M	$750K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0290	+2.527%	$246K	$308K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0250	+2.324%	$68K	$21K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0260	+2.375%	$2.1M	$499K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0260	+2.375%	$761K	$74K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0270	+2.425%	$612K	$128K	25x	as long as short
BingX CVX-USDTshort	+0.0100%	4h	2.0270	+2.425%	—	$1.6M	—
Variational Omni CVX	+0.0100%	4h	2.0287	+2.510%	$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	2.0260	+2.375%	$81K	$150K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0486% / S −0.0194%	1h	2.0259	+2.368%	$167K	—	100x	as long as short
Kraken Futures PF_CVXUSD	+0.2810%	1h	2.0304	+2.597%	$117K	$96K	10x	as long as short