Funding arb · Price arb /

CVX

all CVX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.027%

Price spread now: GMX against MEXC−0.021%7-day average +0.118% · you buy dearer than you sell

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

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.130%+$13 on $10k

Price spread, last 3 days (all we have)+0.173%+$17 · spread now −0.021%, 7d avg +0.118%

Together, before fees+0.302%+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.139% cheaper against MEXC than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.118%). If the spread goes back, that is −$14 on $10k: about 5.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CVX_USDT	2.0700	0.0100	pay 0.0050% / 4h	46m 28s	$2.0M	$489K	20x
Short	GMX CVX/USD [ETH-USDC]	2.0696	L +0.0479% / S −0.0190%	get 0.0024% / 1h	46m 28s	$169K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $18.91
Price spread: −0.021% → +0.118%: −$13.86
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: −$10.95
Costs to cover: 0.160%
Break-even: 11.1 days

Slippage unknown: MEXC: live order book, just now; 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 MEXC live order book, just now	4.83 bp	11.5 bp −$12	41.4 bp −$414	316.2 bp −$31.6K	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	−4.396%	—	$33K	5.5x	as long as short
Binance CVXUSDT	+0.0100%	4h	2.0708	+0.040%	$1.7M	$2.7M	75x	as long as short
Bybit CVXUSDT	+0.0100%	4h	2.0698	−0.010%	$1.7M	$815K	75x	as long as short
OKX CVX-USDT-SWAP	+0.0100%	4h	2.0700	0.000%	$255K	$369K	10x	as long as short
Gate CVX_USDT	+0.0100%	8h	2.0690	−0.048%	$69K	$25K	25x	as long as short
MEXC CVX_USDTlong	+0.0100%	4h	2.0700	long leg	$2.0M	$489K	20x
KuCoin CVXUSDTM	+0.0100%	4h	2.0700	0.000%	$821K	$67K	20x	as long as short
Bitget CVXUSDT	+0.0100%	4h	2.0710	+0.048%	$628K	$132K	25x	as long as short
BingX CVX-USDT	+0.0100%	4h	2.0690	−0.048%	—	$1.6M	—	as long as short
Variational Omni CVX	+0.0100%	4h	2.0762	+0.299%	$6K	$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	2.0720	+0.097%	$83K	$127K	75x	as long as short
GMX CVX/USD [ETH-USDC]short	L +0.0479% / S −0.0190%	1h	2.0696	−0.021%	$169K	—	100x
Kraken Futures PF_CVXUSD	+0.1654%	1h	2.0741	+0.200%	$111K	$76K	10x	as long as short