Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0387%/8h= −42.4% APRpaid last 24h −0.143%

Price spread now: OKX against GMX+0.140%7-day average −0.072% · you sell dearer than you buy

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

Long on GMX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.493%−$49 on $10k

Price spread, last 4 days (all we have)−0.279%−$28 · spread now +0.140%, 7d avg −0.072%

Together, before fees−0.773%−$77 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.212% dearer against GMX than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of −0.072%): +$21 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CVX/USD [ETH-USDC]	2.0381	L +0.0487% / S −0.0194%	pay 0.0061% / 1h	42m 20s	$168K	—	100x
Short	OKX CVX-USDT-SWAP	2.0410	0.0100	get 0.0050% / 4h	3h 42m	$248K	$308K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.140%Rate

Funding earned: −$81.28
Price spread: +0.140% → −0.072%: $21.22
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$82.06
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; OKX: live order book, 53 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 OKX live order book, 53 min ago	7.38 bp	38.3 bp −$38	doesn't fit	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	−2.902%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0390	+0.040%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0411	+0.145%	$1.8M	$746K	75x	as long as short
OKX CVX-USDT-SWAPshort	+0.0100%	4h	2.0410	+0.140%	$248K	$308K	10x
Gate CVX_USDT	+0.0100%	8h	2.0440	+0.287%	$68K	$21K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0380	−0.007%	$2.1M	$497K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0410	+0.140%	$766K	$70K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0400	+0.091%	$617K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0420	+0.189%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0155%	4h	2.0437	+0.271%	$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	2.0390	+0.042%	$81K	$151K	75x	as long as short
GMX CVX/USD [ETH-USDC]long	L +0.0487% / S −0.0194%	1h	2.0381	long leg	$168K	—	100x
Kraken Futures PF_CVXUSD	+3.2400%	1h	2.0322	−0.293%	$118K	$101K	10x	as long as short