CVX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1503%/8h= −164.5% APRnext payment −$1.88 per $10,000 · paid last 24h −0.873%

Price spread now: GMX against Kraken Futures−0.345%126s7-day average −0.062% · you buy dearer than you sell

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

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.831%−$83 on $10k

Price spread, last 4 days (all we have)+0.175%+$18 · spread now −0.345%, 7d avg −0.062%

Together, before fees−0.656%−$66 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$45 a day on $10k at the current rate, and GMX is 0.284% cheaper against Kraken Futures than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.062%). Swap the legs. The two prices were read 126 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	Kraken Futures PF_CVXUSD	2.0433	0.1697	pay 0.0212% / 1h	24m 59s	$118K	$99K	10x
Short	GMX CVX/USD [ETH-USDC]	2.0362	L +0.0487% / S −0.0194%	get 0.0024% / 1h	24m 59s	$168K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.345%Rate

Funding earned: −$315.54
Price spread: −0.345% → −0.062%: −$28.36
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$365.91
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 17 min ago; GMX: 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 Kraken Futures live order book, 17 min ago	20.12 bp	1697.4 bp −$1,697	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−3.147%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0380	−0.259%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0427	−0.029%	$1.8M	$747K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0450	+0.083%	$248K	$315K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0380	−0.259%	$68K	$21K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0390	−0.210%	$2.0M	$498K	20x	as long as short
KuCoin CVXUSDTM	+0.0100%	4h	2.0390	−0.210%	$765K	$75K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0440	+0.035%	$617K	$127K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0440	+0.035%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0439	+0.029%	$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	−0.210%	$81K	$151K	75x	as long as short
GMX CVX/USD [ETH-USDC]short	L +0.0487% / S −0.0194%	1h	2.0362	−0.345%	$168K	—	100x
Kraken Futures PF_CVXUSDlong	+0.1697%	1h	2.0433	long leg	$118K	$99K	10x