Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0654%/8h= +71.6% APRpaid last 24h +0.048%

Price spread now: GMX against Bybit+0.085%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 +$20 a day on $10k at the current rate, and GMX is 0.085% dearer against Bybit than usual: you sell high and buy low: +$9 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	Bybit BCHUSDT	266.94	−0.0100	get 0.0100% / 8h	2h 46m	$39.3M	$32.1M	75x
Short	GMX BCH/USD [WBTC.b-USDC]	267.17	L +0.0365% / S −0.0554%	get 0.0069% / 1h	46m 12s	$25K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bybit. 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 BybitbpFee GMXbpOrdersPrice spread, now +0.085%Rate

Funding earned: $137.26
Price spread: +0.085% → 0.000%: $8.51
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: $122.78
Costs to cover: 0.230%
Break-even: 0.7 days

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	1.87 bp	11.7 bp −$12	27.1 bp −$271	78.0 bp −$7,796	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	−0.0390%	1h	267.11	+0.062%	$437K	$248K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	+0.109%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0198%	8h	267.03	+0.034%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0181%	1h	266.97	+0.011%	$2K	$6K	10x	as long as short
MEXC BCH_USDT	−0.0121%	8h	267.68	+0.277%	$70.8M	$6.3M	200x	as long as short
Binance BCHUSDT	−0.0121%	8h	266.99	+0.019%	$73.7M	$229.3M	75x	as long as short
Extended BCH-USD	−0.0120%	1h	266.93	−0.005%	$105K	$643K	25x	as long as short
Bybit BCHUSDTlong	−0.0100%	8h	266.94	long leg	$39.3M	$32.1M	75x
Variational Omni BCH	−0.0082%	8h	266.75	−0.071%	$85K	$291K	—	as long as short
GRVT BCH_USDT_Perp	−0.0067%	8h	266.89	−0.019%	$389K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BCHUSDT	−0.0056%	8h	266.96	+0.007%	$20.0M	$28.7M	75x	as long as short
Gate BCH_USDT	−0.0040%	8h	267.06	+0.045%	$8.4M	$14.3M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	266.89	−0.019%	$254K	$2.0M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0018%	8h	267.00	+0.022%	$26.1M	$75.5M	50x	as long as short
BingX BCH-USDC	−0.0017%	8h	267.08	+0.052%	—	$6.5M	—	as long as short
BloFin BCH-USDT	−0.0001%	8h	267.16	+0.082%	$4.0M	$4.1M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.28	+0.126%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.36	+0.157%	$1.1M	$11.4M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.18	+0.091%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	266.99	+0.019%	$2K	$176	10x	as long as short
Nado BCH-PERP	+0.0073%	1h	267.13	+0.069%	$440K	$426K	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.27	+0.124%	$804K	$3.2M	50x	as long as short
KuCoin BCHUSDTM	+0.0075%	8h	267.11	+0.064%	$8.8M	$8.0M	75x	as long as short
Lighter BCH	+0.0096%	1h	267.09	+0.055%	$375K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.35	+0.154%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.23	+0.109%	$234K	$674K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.15	+0.079%	$169K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.90	−0.015%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	266.97	+0.011%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.84	−0.037%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.89	−0.019%	$768K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]short	L +0.0365% / S −0.0554%	1h	267.17	+0.085%	$25K	—	100x