Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0386%/8h= −42.2% APRpaid last 24h −0.141%

Price spread now: Gate against GMX+0.110%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Gate

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

The price spread pays, funding is against you. Gate is 0.110% dearer against GMX than usual: you sell high and buy low (spread +0.110% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CVX/USD [ETH-USDC]	2.0348	L +0.0486% / S −0.0194%	pay 0.0061% / 1h	19m 27s	$168K	—	100x
Short	Gate CVX_USDT	2.0370	0.0100	get 0.0100% / 8h	6h 19m	$68K	$21K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.110%Rate

Funding earned: −$80.96
Price spread: +0.110% → 0.000%: $11.04
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$96.93
Costs to cover: 0.270%
Break-even: never at this rate

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

GMX and Gate: 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 exchanges

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
Kraken Futures PF_CVXUSD	−0.1900%	1h	2.0376	+0.141%	$118K	$99K	10x	as long as short
Injective CVX/USDC PERP	+0.0033%	1h	1.9790	−2.740%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0342	−0.027%	$1.7M	$2.4M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0367	+0.096%	$1.8M	$672K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0350	+0.012%	$247K	$273K	10x	as long as short
Gate CVX_USDTshort	+0.0100%	8h	2.0370	+0.110%	$68K	$21K	25x
MEXC CVX_USDT	+0.0100%	4h	2.0340	−0.037%	$2.2M	$503K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0360	+0.061%	$769K	$71K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0360	+0.061%	$619K	$124K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0360	+0.061%	—	$1.6M	—	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CVX	+0.0323%	4h	2.0400	+0.257%	$5K	$2K	—	as long as short
BloFin CVX-USDT	+0.0340%	4h	2.0390	+0.209%	$81K	$150K	75x	as long as short
GMX CVX/USD [ETH-USDC]long	L +0.0486% / S −0.0194%	1h	2.0348	long leg	$168K	—	100x