Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: BingX against Injective+2.931%117s7-day average — · you sell dearer than you buy

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

Long on Injective Short on BingX

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 2.931% dearer against Injective than usual: you sell high and buy low: +$293 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 117 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	Injective CVX/USDC PERP	1.9790	0.0033	pay 0.0004% / 1h	13m 26s	—	$33K	5.5x
Short	BingX CVX-USDT	2.0370	0.0100	get 0.0050% / 4h	2h 13m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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 InjectivebpFee BingXbpOrdersPrice spread, now +2.931%Rate

Funding earned: $14
Price spread: +2.931% → 0.000%: $293.08
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: $297.06
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BingX: live order book, 4 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 Injective no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	7.39 bp	32.3 bp −$32	85.1 bp −$851	735.9 bp −$73.6K	1259.1 bp −$629.6K

Injective: 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 PERPlong	+0.0033%	1h	1.9790	long leg	—	$33K	5.5x
Binance CVXUSDT	+0.0100%	4h	2.0370	+2.931%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0394	+3.052%	$1.8M	$756K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0350	+2.830%	$246K	$317K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0340	+2.779%	$68K	$23K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0370	+2.931%	$2.0M	$505K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0350	+2.830%	$764K	$86K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0370	+2.931%	$615K	$134K	25x	as long as short
BingX CVX-USDTshort	+0.0100%	4h	2.0370	+2.931%	—	$1.6M	—
Variational Omni CVX	+0.0100%	4h	2.0332	+2.737%	$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	2.0310	+2.628%	$81K	$150K	75x	as long as short
GMX CVX/USD [ETH-USDC]	L +0.0486% / S −0.0194%	1h	2.0353	+2.844%	$168K	—	100x	as long as short
Kraken Futures PF_CVXUSD	+0.6113%	1h	2.0397	+3.067%	$118K	$100K	10x	as long as short