Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0390%/8h= −42.7% APRpaid last 24h −0.137%

Price spread now: Variational Omni against GMX+0.010%50s7-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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$12 a day on $10k at the current rate. The two prices were read 50 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]	2.0586	L +0.0490% / S −0.0195%	pay 0.0061% / 1h	24m 35s	$170K	—	100x
Short	Variational Omni CVX	2.0588	0.0100	get 0.0050% / 4h	24m 35s	$6K	$2K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.010%Rate

Funding earned: −$81.9
Price spread: +0.010% → 0.000%: $0.97
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$92.93
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Variational Omni: 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 Variational Omni no order-book sample	—	—	—	—	—

GMX and Variational Omni: 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	−3.865%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0564	−0.107%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0585	−0.003%	$1.8M	$715K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0570	−0.076%	$252K	$317K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0560	−0.125%	$69K	$23K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0550	−0.173%	$1.8M	$488K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0580	−0.028%	$815K	$69K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0560	−0.125%	$622K	$128K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0580	−0.028%	—	$1.6M	—	as long as short
Variational Omni CVXshort	+0.0100%	4h	2.0588	+0.010%	$6K	$2K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin CVX-USDT	+0.0340%	4h	2.0600	+0.070%	$83K	$149K	75x	as long as short
GMX CVX/USD [ETH-USDC]long	L +0.0490% / S −0.0195%	1h	2.0586	long leg	$170K	—	100x
Kraken Futures PF_CVXUSD	+0.1337%	1h	2.0677	+0.443%	$124K	$93K	10x	as long as short