Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.026%

Price spread now: GMX against KuCoin+0.038%7-day average −0.001% · you sell dearer than you buy

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

Long on KuCoin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.110%+$11 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.038%, 7d avg −0.001%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.039% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CVXUSDTM	2.0410	0.0100	pay 0.0050% / 4h	1h 16m	$766K	$74K	20x
Short	GMX CVX/USD [ETH-USDC]	2.0418	L +0.0487% / S −0.0194%	get 0.0024% / 1h	16m 14s	$168K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.038%Rate

Funding earned: $19.8
Price spread: +0.038% → −0.001%: $3.88
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$0.32
Costs to cover: 0.240%
Break-even: 7.1 days

Slippage unknown: KuCoin: live order book, 63 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 KuCoin live order book, 63 min ago	14.79 bp	228.8 bp −$229	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	−3.038%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0432	+0.110%	$1.7M	$2.6M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0469	+0.289%	$1.8M	$752K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0460	+0.245%	$248K	$315K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0380	−0.147%	$68K	$21K	25x	as long as short
MEXC CVX_USDT	+0.0100%	4h	2.0420	+0.049%	$2.0M	$499K	20x	as long as short
KuCoin CVXUSDTMlong	+0.0100%	4h	2.0410	long leg	$766K	$74K	20x
Bitget CVXUSDT	+0.0100%	4h	2.0410	0.000%	$616K	$127K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0450	+0.196%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0413	+0.014%	$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	2.0450	+0.196%	$81K	$151K	75x	as long as short
GMX CVX/USD [ETH-USDC]short	L +0.0487% / S −0.0194%	1h	2.0418	+0.038%	$168K	—	100x
Kraken Futures PF_CVXUSD	+0.1695%	1h	2.0455	+0.222%	$118K	$99K	10x	as long as short