Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0139%/8h= −15.3% APRpaid last 24h −0.137%

Price spread now: BloFin against GMX−0.104%51s7-day average −0.123% · you buy dearer than you sell

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

Long on GMX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.476%−$48 on $10k

Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.104%, 7d avg −0.123%

Together, before fees−0.412%−$41 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.123%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 51 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	GMX CVX/USD [ETH-USDC]	2.0591	L +0.0479% / S −0.0190%	pay 0.0060% / 1h	19m 56s	$168K	—	100x
Short	BloFin CVX-USDT	2.0570	0.0340	get 0.0170% / 4h	19m 56s	$83K	$128K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against GMX. 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 GMXbpFee BloFinbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$29.28
Price spread: −0.104% → −0.123%: $1.85
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$51.43
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 41 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 41 min ago	2.43 bp	26.7 bp −$27	60.9 bp −$609	doesn't fit	doesn't fit

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	−3.892%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0600	+0.042%	$1.7M	$2.7M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0609	+0.085%	$1.7M	$824K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0600	+0.042%	$254K	$365K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0590	−0.007%	$69K	$25K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0590	−0.007%	$2.0M	$490K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0620	+0.139%	$818K	$67K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0600	+0.042%	$625K	$133K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0590	−0.007%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0606	+0.069%	$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-USDTshort	+0.0340%	4h	2.0570	−0.104%	$83K	$128K	75x
GMX CVX/USD [ETH-USDC]long	L +0.0479% / S −0.0190%	1h	2.0591	long leg	$168K	—	100x
Kraken Futures PF_CVXUSD	+0.1663%	1h	2.0630	+0.187%	$111K	$76K	10x	as long as short