Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.023%
Price spread now: BloFin against MEXC−0.241%79s7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$830.833% of the position
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 4 days (all we have)+0.787%+$79 · spread now −0.241%, 7d avg −0.007%
=Funding pays, the price is against you. BloFin is 0.235% cheaper against MEXC than usual: you would sell low and buy high (spread −0.241% now, against its 7-day average of −0.007%). If the spread goes back, that is −$23 on $10k: about 3.3 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.080% in total) that is about 21 days. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.080% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CVX_USDT | 2.0720 | 0.0100 | pay 0.0050% / 4h | 1h 29m | $2.0M | $458K | 20x |
| Short | BloFin CVX-USDT | 2.0670 | 0.0340 | get 0.0170% / 4h | 1h 29m | $84K | $153K | 75x |
MEXC CVX_USDT
BloFin CVX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.4
- Price spread: −0.241% → −0.007%
- −$23.46
- Slippage, 4 orders
- −$67.31
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$56.36
- Costs to cover
- 0.833%
- Break-even
- 14.8 days
Slippage from MEXC: live order book, 2 min ago; BloFin: live order book, 7 min ago.
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 MEXC live order book, 2 min ago | 4.82 bp | 20.4 bp −$20 | 76.2 bp −$762 | 349.4 bp −$34.9K | doesn't fit |
| Sell BloFin live order book, 7 min ago | 4.84 bp | 27.5 bp −$27 | 66.5 bp −$665 | doesn't fit | doesn't fit |
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 | −4.488% | — | $33K | 5.5x | as long as short |
| Binance CVXUSDT | +0.0100% | 4h | 2.0716 | −0.021% | $1.7M | $2.5M | 75x | as long as short |
| Bybit CVXUSDT | +0.0100% | 4h | 2.0723 | +0.014% | $1.7M | $710K | 75x | as long as short |
| OKX CVX-USDT-SWAP | +0.0100% | 4h | 2.0730 | +0.048% | $253K | $326K | 10x | as long as short |
| Gate CVX_USDT | +0.0100% | 8h | 2.0710 | −0.048% | $69K | $27K | 25x | as long as short |
| MEXC CVX_USDTlong | +0.0100% | 4h | 2.0720 | long leg | $2.0M | $458K | 20x | |
| KuCoin CVXUSDTM | +0.0100% | 4h | 2.0750 | +0.145% | $823K | $69K | 20x | as long as short |
| Bitget CVXUSDT | +0.0100% | 4h | 2.0730 | +0.048% | $627K | $123K | 25x | as long as short |
| BingX CVX-USDT | +0.0100% | 4h | 2.0730 | +0.048% | — | $1.6M | — | as long as short |
| Variational Omni CVX | +0.0100% | 4h | 2.0743 | +0.112% | $6K | $2K | — | as long as short |
Injective CVX/USDC PERP
Binance CVXUSDT
Bybit CVXUSDT
OKX CVX-USDT-SWAP
Gate CVX_USDT
KuCoin CVXUSDTM
Bitget CVXUSDT
BingX CVX-USDT
Variational Omni CVXShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CVX-USDTshort | +0.0340% | 4h | 2.0670 | −0.241% | $84K | $153K | 75x | |
| GMX CVX/USD [ETH-USDC] | L +0.0491% / S −0.0195% | 1h | 2.0714 | −0.027% | $171K | — | 100x | as long as short |
| Kraken Futures PF_CVXUSD | +0.2242% | 1h | 2.0745 | +0.120% | $119K | $86K | 10x | as long as short |
GMX CVX/USD [ETH-USDC]
Kraken Futures PF_CVXUSD