Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0358%/8h= +39.2% APRpaid last 24h +0.053%

Price spread now: GMX against Binance+0.138%7-day average — · you sell dearer than you buy

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

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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 +$11 a day on $10k at the current rate, and GMX is 0.138% dearer against Binance than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BCHUSDT	268.86	−0.0019	get 0.0019% / 8h	30m 48s	$74.4M	$229.7M	75x
Short	GMX BCH/USD [WBTC.b-USDC]	269.23	L +0.0334% / S −0.0340%	get 0.0042% / 1h	30m 48s	$27K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now +0.138%Rate

Funding earned: $75.23
Price spread: +0.138% → 0.000%: $13.81
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $67.04
Costs to cover: 0.220%
Break-even: 0.8 days

Slippage unknown: Binance: live order book, 13 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 Binance live order book, 13 min ago	0.19 bp	7.4 bp −$7	16.0 bp −$160	42.3 bp −$4,227	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.

BCH on 32 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
Deribit BCH_USDC-PERPETUAL	−0.0378%	1h	269.10	+0.087%	$455K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0151%	8h	269.16	+0.112%	$4.9M	$6.4M	50x	as long as short
Variational Omni BCH	−0.0142%	8h	268.92	+0.022%	$82K	$294K	—	as long as short
SoDEX BCH-USD	−0.0138%	1h	269.01	+0.056%	$2K	$6K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0125%	1h	269.31	+0.166%	$829K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0090%	8h	268.80	−0.022%	$39.4M	$32.6M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+0.498%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	268.89	+0.011%	$236K	$2.0M	50x	as long as short
Extended BCH-USD	−0.0024%	1h	268.73	−0.047%	$116K	$652K	25x	as long as short
MEXC BCH_USDT	−0.0020%	8h	269.45	+0.219%	$70.5M	$6.7M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDTlong	−0.0019%	8h	268.86	long leg	$74.4M	$229.7M	75x
dYdX BCH-USD	0.0000%	1h	269.15	+0.109%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.11	+0.093%	$1.3M	$11.5M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.26	+0.147%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0008%	8h	268.89	+0.011%	$8.4M	$14.5M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.98	+0.045%	$2K	$176	10x	as long as short
GRVT BCH_USDT_Perp	+0.0030%	8h	268.79	−0.025%	$392K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0032%	8h	268.74	−0.045%	$19.1M	$29.2M	75x	as long as short
BingX BCH-USDC	+0.0040%	8h	268.87	+0.004%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	+0.0040%	8h	268.80	−0.022%	$26.3M	$77.6M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.90	+0.017%	$371K	$556K	10x	as long as short
BloFin BCH-USDT	+0.0100%	8h	269.01	+0.056%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.95	+0.035%	$444K	$425K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.24	+0.141%	$6.0M	$4.3M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.91	+0.019%	$214K	$671K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.09	+0.086%	$163K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.04	+0.067%	$9.2M	$7.7M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.75	−0.042%	$19K	$291K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.81	−0.019%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.89	+0.011%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.94	+0.030%	$777K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]short	L +0.0334% / S −0.0340%	1h	269.23	+0.138%	$27K	—	100x