Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.027%

Price spread now: GMX against Bitget+0.139%7-day average +0.041% · you sell dearer than you buy

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

Long on Bitget Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.105%+$11 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.139%, 7d avg +0.041%

Together, before fees+0.056%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.098% dearer against Bitget than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CVXUSDT	2.0640	0.0100	pay 0.0050% / 4h	1h 33m	$625K	$123K	25x
Short	GMX CVX/USD [ETH-USDC]	2.0669	L +0.0490% / S −0.0195%	get 0.0024% / 1h	33m 27s	$171K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now +0.139%Rate

Funding earned: $19.86
Price spread: +0.139% → +0.041%: $9.79
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $5.65
Costs to cover: 0.240%
Break-even: 5.0 days

Slippage unknown: Bitget: live order book, 27 min ago; GMX: 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 Bitget live order book, 27 min ago	4.84 bp	37.7 bp −$38	129.3 bp −$1,293	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−4.118%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0667	+0.133%	$1.7M	$2.5M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0682	+0.203%	$1.7M	$711K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0680	+0.194%	$252K	$325K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0650	+0.048%	$69K	$27K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0660	+0.097%	$2.0M	$458K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0680	+0.194%	$820K	$69K	20x	as long as short
Bitget CVXUSDTlong	+0.0100%	4h	2.0640	long leg	$625K	$123K	25x
BingX CVX-USDT	+0.0100%	4h	2.0680	+0.194%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0680	+0.196%	$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	2.0680	+0.194%	$84K	$139K	75x	as long as short
GMX CVX/USD [ETH-USDC]short	L +0.0490% / S −0.0195%	1h	2.0669	+0.139%	$171K	—	100x
Kraken Futures PF_CVXUSD	+0.2245%	1h	2.0717	+0.372%	$119K	$86K	10x	as long as short