Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.027%

Price spread now: GMX against Gate−0.130%7-day average — · you buy dearer than you sell

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

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 0.130% cheaper against Gate than usual: you would sell low and buy high (spread −0.130% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CVX_USDT	2.0470	0.0100	pay 0.0100% / 8h	4h 40m	$69K	$22K	25x
Short	GMX CVX/USD [ETH-USDC]	2.0443	L +0.0489% / S −0.0195%	get 0.0024% / 1h	40m 58s	$169K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now −0.130%Rate

Funding earned: $19.86
Price spread: −0.130% → 0.000%: −$12.99
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: −$20.14
Costs to cover: 0.270%
Break-even: 14.1 days

Slippage unknown: Gate: no order-book sample; 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 Gate no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Gate and 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	−3.322%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0466	−0.021%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0474	+0.020%	$1.8M	$717K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0470	0.000%	$251K	$319K	10x	as long as short
Gate CVX_USDTlong	+0.0100%	8h	2.0470	long leg	$69K	$22K	25x
MEXC CVX_USDT	+0.0100%	4h	2.0450	−0.098%	$2.0M	$451K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0470	0.000%	$810K	$70K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0490	+0.098%	$620K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0480	+0.049%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0472	+0.008%	$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	2.0440	−0.147%	$82K	$155K	75x	as long as short
GMX CVX/USD [ETH-USDC]short	L +0.0489% / S −0.0195%	1h	2.0443	−0.130%	$169K	—	100x
Kraken Futures PF_CVXUSD	+0.1348%	1h	2.0508	+0.184%	$120K	$90K	10x	as long as short