Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.031%

Price spread now: GMX against Bybit+0.034%7-day average +0.053% · you sell dearer than you buy

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

Long on Bybit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.110%+$11 on $10k

Price spread, last 4 days (all we have)+0.125%+$13 · spread now +0.034%, 7d avg +0.053%

Together, before fees+0.235%+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CVXUSDT	2.0263	0.0100	pay 0.0050% / 4h	3h 32m	$1.8M	$748K	75x
Short	GMX CVX/USD [ETH-USDC]	2.0270	L +0.0486% / S −0.0194%	get 0.0024% / 1h	32m 49s	$167K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bybit. 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 BybitbpFee GMXbpOrdersPrice spread, now +0.034%Rate

Funding earned: $19.8
Price spread: +0.034% → +0.053%: −$1.87
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: −$5.07
Costs to cover: 0.230%
Break-even: 8.8 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	3.44 bp	36.5 bp −$36	152.9 bp −$1,529	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
Gate CVX_USDT	−0.0244%	8h	2.0300	+0.183%	$68K	$21K	25x	as long as short
Injective CVX/USDC PERP	+0.0033%	1h	1.9790	−2.334%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0276	+0.062%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDTlong	+0.0100%	4h	2.0263	long leg	$1.8M	$748K	75x
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0270	+0.035%	$246K	$303K	10x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0280	+0.084%	$2.1M	$497K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0320	+0.281%	$763K	$70K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0260	−0.015%	$613K	$123K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0300	+0.183%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0138%	4h	2.0366	+0.509%	$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	2.0340	+0.380%	$81K	$150K	75x	as long as short
GMX CVX/USD [ETH-USDC]short	L +0.0486% / S −0.0194%	1h	2.0270	+0.034%	$167K	—	100x
Kraken Futures PF_CVXUSD	+3.2561%	1h	2.0221	−0.206%	$118K	$103K	10x	as long as short