Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against BingX−4.534%87s7-day average — · you buy dearer than you sell

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

Long on BingX Short on Injective

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 4.534% cheaper against BingX than usual: you would sell low and buy high (−$453 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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	BingX CVX-USDT	2.0730	0.0100	pay 0.0050% / 4h	1h 31m	—	$1.6M	—
Short	Injective CVX/USDC PERP	1.9790	0.0033	get 0.0004% / 1h	31m 47s	—	$33K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BingX. 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 BingXbpFee InjectivebpOrdersPrice spread, now −4.534%Rate

Funding earned: −$14
Price spread: −4.534% → 0.000%: −$453.45
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$477.47
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 15 min ago; Injective: no order-book sample. 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 BingX live order book, 15 min ago	7.28 bp	29.5 bp −$29	101.0 bp −$1,010	896.4 bp −$89.6K	1264.4 bp −$632.2K
Sell Injective no order-book sample	—	—	—	—	—

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 PERPshort	+0.0033%	1h	1.9790	−4.534%	—	$33K	5.5x
Binance CVXUSDT	+0.0100%	4h	2.0720	−0.048%	$1.7M	$2.5M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0706	−0.116%	$1.7M	$710K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0700	−0.145%	$252K	$325K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0690	−0.193%	$69K	$27K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0710	−0.096%	$2.0M	$458K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0690	−0.193%	$820K	$69K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0710	−0.096%	$627K	$123K	25x	as long as short
BingX CVX-USDTlong	+0.0100%	4h	2.0730	long leg	—	$1.6M	—
Variational Omni CVX	+0.0100%	4h	2.0680	−0.239%	$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	2.0670	−0.289%	$84K	$139K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0491% / S −0.0195%	1h	2.0685	−0.219%	$171K	—	100x	as long as short
Kraken Futures PF_CVXUSD	+0.2224%	1h	2.0916	+0.895%	$120K	$86K	10x	as long as short