Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0391%/8h= +42.8% APRpaid last 24h +0.046%

Price spread now: GMX against BingX+0.067%7-day average — · you sell dearer than you buy

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

Long on BingX 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 +$12 a day on $10k at the current rate, and GMX is 0.067% dearer against BingX than usual: you sell high and buy low: +$7 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	BingX BCH-USDC	269.98	0.0076	pay 0.0076% / 8h	1h 17m	—	$6.5M	—
Short	GMX BCH/USD [WBTC.b-USDC]	270.16	L +0.0342% / S −0.0467%	get 0.0058% / 1h	17m 13s	$26K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now +0.067%Rate

Funding earned: $82.12
Price spread: +0.067% → 0.000%: $6.71
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $66.83
Costs to cover: 0.220%
Break-even: 1.3 days

Slippage unknown: BingX: live order book, 8 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 BingX live order book, 8 min ago	1.29 bp	13.2 bp −$13	29.2 bp −$292	108.4 bp −$10.8K	377.7 bp −$188.9K
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	−0.0730%	1h	270.05	+0.027%	$458K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0186%	8h	270.02	+0.015%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0155%	1h	269.97	−0.004%	$2K	$6K	10x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	+0.081%	$721	$130K	12x	as long as short
Variational Omni BCH	−0.0110%	8h	270.72	+0.273%	$83K	$294K	—	as long as short
Bybit BCHUSDT	−0.0057%	8h	269.76	−0.081%	$39.4M	$33.0M	75x	as long as short
Extended BCH-USD	−0.0048%	1h	269.85	−0.046%	$117K	$653K	25x	as long as short
MEXC BCH_USDT	−0.0046%	8h	270.54	+0.207%	$70.9M	$6.6M	200x	as long as short
Binance BCHUSDT	−0.0046%	8h	269.96	−0.009%	$75.1M	$234.0M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	270.46	+0.179%	$5K	$248	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXBCHPERP	0.0000%	8h	270.60	+0.230%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.15	+0.063%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0003%	8h	270.13	+0.056%	$8.4M	$14.9M	75x	as long as short
Bitget BCHUSDT	+0.0013%	8h	269.92	−0.022%	$19.5M	$29.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	270.97	+0.367%	$243K	$2.1M	50x	as long as short
GRVT BCH_USDT_Perp	+0.0020%	8h	270.72	+0.276%	$395K	$17K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0024%	8h	269.95	−0.011%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAP	+0.0067%	8h	269.80	−0.067%	$26.4M	$78.2M	50x	as long as short
BloFin BCH-USDT	+0.0074%	8h	269.98	0.000%	$4.0M	$4.2M	50x	as long as short
BingX BCH-USDClong	+0.0076%	8h	269.98	long leg	—	$6.5M	—
Lighter BCH	+0.0096%	1h	270.07	+0.032%	$378K	$587K	10x	as long as short
Nado BCH-PERP	+0.0097%	1h	270.09	+0.042%	$443K	$428K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.42	+0.163%	$6.0M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	270.08	+0.038%	$218K	$703K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.27	+0.107%	$164K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	270.11	+0.048%	$9.3M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.71	+0.271%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	271.00	+0.378%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.80	−0.067%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.08	+0.037%	$777K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0113%	1h	270.28	+0.111%	$818K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]short	L +0.0342% / S −0.0467%	1h	270.16	+0.067%	$26K	—	100x