Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0385%/8h= −42.2% APRpaid last 24h −0.139%

Price spread now: MEXC against GMX−0.201%223s7-day average −0.089% · you buy dearer than you sell

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

Long on GMX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.527%−$53 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.201%, 7d avg −0.089%

Together, before fees−0.512%−$51 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and MEXC is 0.112% cheaper against GMX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.089%). Swap the legs. The two prices were read 223 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]	2.0341	L +0.0485% / S −0.0194%	pay 0.0061% / 1h	48m 45s	$168K	—	100x
Short	MEXC CVX_USDT	2.0300	0.0100	get 0.0050% / 4h	1h 48m	$2.2M	$455K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.201%Rate

Funding earned: −$80.86
Price spread: −0.201% → −0.089%: −$11.24
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$108.1
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	2.46 bp	14.5 bp −$15	44.0 bp −$440	274.7 bp −$27.5K	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 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
Injective CVX/USDC PERP	+0.0033%	1h	1.9790	−2.709%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0311	−0.148%	$1.7M	$2.3M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0344	+0.015%	$1.8M	$624K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0320	−0.103%	$244K	$267K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0320	−0.103%	$68K	$21K	25x	as long as short
MEXC CVX_USDTshort	+0.0100%	4h	2.0300	−0.201%	$2.2M	$455K	20x
KuCoin CVXUSDTM	+0.0100%	4h	2.0350	+0.044%	$768K	$70K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0350	+0.044%	$619K	$123K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0340	−0.005%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0214%	4h	2.0343	+0.012%	$5K	$2K	—	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin CVX-USDT	+0.0340%	4h	2.0330	−0.054%	$81K	$149K	75x	as long as short
GMX CVX/USD [ETH-USDC]long	L +0.0485% / S −0.0194%	1h	2.0341	long leg	$168K	—	100x
Kraken Futures PF_CVXUSD	+0.1192%	1h	2.0321	−0.098%	$118K	$98K	10x	as long as short