Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.034%
Price spread now: BloFin against BingX−0.098%96s7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$980.980% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.098%, 7d avg −0.039%
=Funding pays, the price is against you. BloFin is 0.059% cheaper against BingX than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of −0.039%). If the spread goes back, that is −$6 on $10k: about 20 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.014% in total) that is about 30 days. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 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 | BingX CVX-USDT | 2.0380 | 0.0100 | pay 0.0050% / 4h | 1h 57m | — | $1.6M | — |
| Short | BloFin CVX-USDT | 2.0360 | 0.0340 | get 0.0170% / 4h | 1h 57m | $81K | $151K | 75x |
BingX CVX-USDT
BloFin CVX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.4
- Price spread: −0.098% → −0.039%
- −$5.92
- Slippage, 4 orders
- −$76
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$53.52
- Costs to cover
- 0.980%
- Break-even
- 14.4 days
Slippage from BingX: live order book, 4 min ago; BloFin: live order book, 17 min ago.
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 BingX live order book, 4 min ago | 7.35 bp | 24.8 bp −$25 | 71.6 bp −$716 | 621.2 bp −$62.1K | 1033.3 bp −$516.6K |
| Sell BloFin live order book, 17 min ago | 4.91 bp | 31.2 bp −$31 | 81.6 bp −$816 | doesn't fit | doesn't fit |
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 | −2.895% | — | $33K | 5.5x | as long as short |
| Binance CVXUSDT | +0.0100% | 4h | 2.0390 | +0.049% | $1.7M | $2.6M | 75x | as long as short |
| Bybit CVXUSDT | +0.0100% | 4h | 2.0401 | +0.103% | $1.8M | $755K | 75x | as long as short |
| OKX CVX-USDT-SWAP | +0.0100% | 4h | 2.0410 | +0.147% | $247K | $319K | 10x | as long as short |
| Gate CVX_USDT | +0.0100% | 8h | 2.0370 | −0.049% | $68K | $21K | 25x | as long as short |
| MEXC CVX_USDT | +0.0100% | 4h | 2.0400 | +0.098% | $2.0M | $496K | 20x | as long as short |
| KuCoin CVXUSDTM | +0.0100% | 4h | 2.0390 | +0.049% | $765K | $86K | 20x | as long as short |
| Bitget CVXUSDT | +0.0100% | 4h | 2.0410 | +0.147% | $616K | $133K | 25x | as long as short |
| BingX CVX-USDTlong | +0.0100% | 4h | 2.0380 | long leg | — | $1.6M | — | |
| Variational Omni CVX | +0.0100% | 4h | 2.0413 | +0.161% | $5K | $2K | — | as long as short |
Injective CVX/USDC PERP
Binance CVXUSDT
Bybit CVXUSDT
OKX CVX-USDT-SWAP
Gate CVX_USDT
MEXC CVX_USDT
KuCoin CVXUSDTM
Bitget CVXUSDT
Variational Omni CVXShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CVX-USDTshort | +0.0340% | 4h | 2.0360 | −0.098% | $81K | $151K | 75x | |
| GMX CVX/USD [ETH-USDC] | L +0.0487% / S −0.0194% | 1h | 2.0380 | −0.001% | $168K | — | 100x | as long as short |
| Kraken Futures PF_CVXUSD | +0.1697% | 1h | 2.0431 | +0.249% | $118K | $100K | 10x | as long as short |
GMX CVX/USD [ETH-USDC]
Kraken Futures PF_CVXUSD