Funding you earn now, next payment 23:00 UTC+0.0853%/8h= +93.4% APRnext payment +$1.07 per $10,000 · paid last 24h +0.131%
Price spread now: GMX against Deribit+0.034%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 +$26 a day on $10k at the current rate, and GMX is 0.034% dearer against Deribit than usual: you sell high and buy low: +$3 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 | Deribit BCH_USDC-PERPETUAL | 270.29 | −0.0386 | get 0.0048% / 1h | 53m 08s | $458K | $263K | 25x |
| Short | GMX BCH/USD [WBTC.b-USDC] | 270.39 | L +0.0341% / S −0.0467% | get 0.0058% / 1h | 53m 08s | $26K | — | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Deribit. 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
- $179.13
- Price spread: +0.034% → 0.000%
- $3.44
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $163.57
- Costs to cover
- 0.190%
- Break-even
- 0.6 days
Slippage unknown: Deribit: live order book, 31 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 Deribit live order book, 31 min ago | 4.01 bp | 13.9 bp −$14 | doesn't fit | doesn't fit | 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-PERPETUALlong | −0.0386% | 1h | 270.29 | long leg | $458K | $263K | 25x | |
| Phemex BCHUSDT | −0.0215% | 8h | 270.21 | −0.030% | $4.9M | $6.3M | 50x | as long as short |
| Injective BCH/USDC PERP | −0.0154% | 1h | 270.20 | −0.034% | $721 | $130K | 12x | as long as short |
| Extended BCH-USD | −0.0080% | 1h | 270.06 | −0.087% | $117K | $653K | 25x | as long as short |
| Binance BCHUSDT | −0.0076% | 8h | 270.16 | −0.048% | $74.5M | $231.8M | 75x | as long as short |
| MEXC BCH_USDT | −0.0076% | 8h | 270.83 | +0.199% | $71.7M | $6.3M | 200x | as long as short |
| Variational Omni BCH | −0.0071% | 8h | 269.23 | −0.394% | $86K | $291K | — | as long as short |
| Bitget BCHUSDT | −0.0023% | 8h | 269.89 | −0.149% | $20.0M | $29.0M | 75x | as long as short |
| Gate BCH_USDT | −0.0020% | 8h | 270.19 | −0.038% | $8.4M | $14.6M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 270.48 | +0.069% | $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 | 270.53 | +0.088% | $1.2M | $11.4M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 270.36 | +0.025% | $4K | — | 150x | as long as short |
| GRVT BCH_USDT_Perp | +0.0001% | 8h | 270.88 | +0.217% | $395K | $17K | 10x | as long as short |
| Bybit BCHUSDT | +0.0002% | 8h | 270.03 | −0.097% | $39.7M | $32.5M | 75x | as long as short |
| Nado BCH-PERP | +0.0013% | 1h | 270.23 | −0.022% | $443K | $427K | 10x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0016% | 1h | 270.47 | +0.066% | $234K | $2.1M | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0027% | 8h | 270.32 | +0.010% | $2K | $176 | 10x | as long as short |
| SoDEX BCH-USD | +0.0033% | 1h | 270.18 | −0.041% | $2K | $6K | 10x | as long as short |
| BingX BCH-USDC | +0.0038% | 8h | 270.00 | −0.108% | — | $6.5M | — | as long as short |
| OKX BCH-USDT-SWAP | +0.0042% | 8h | 270.10 | −0.071% | $26.2M | $77.2M | 50x | as long as short |
| BloFin BCH-USDT | +0.0044% | 8h | 270.10 | −0.071% | $4.0M | $4.1M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 270.20 | −0.034% | $379K | $583K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 270.38 | +0.033% | $6.1M | $4.2M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 270.43 | +0.052% | $221K | $700K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 270.30 | +0.002% | $171K | $455K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 270.35 | +0.021% | $8.9M | $8.0M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 270.70 | +0.152% | $19K | $289K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 270.06 | −0.086% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 270.14 | −0.056% | $786K | $1.7M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0112% | 1h | 270.42 | +0.049% | $808K | $3.2M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC]short | L +0.0341% / S −0.0467% | 1h | 270.39 | +0.034% | $26K | — | 100x | |
| ApeX Omni BCHUSDT | +0.0876% | 1h | 270.85 | +0.206% | $74K | $214K | 50x | as long as short |
Deribit BCH_USDC-PERPETUAL
GMX BCH/USD [WBTC.b-USDC]
Phemex BCHUSDT
Injective BCH/USDC PERP
Extended BCH-USD
Binance BCHUSDT
MEXC BCH_USDT
Variational Omni BCH
Bitget BCHUSDT
Gate BCH_USDT
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
GRVT BCH_USDT_Perp
Bybit BCHUSDT
Coinbase International BCH-PERP-INTX
SoDEX BCH-USD
BingX BCH-USDC
OKX BCH-USDT-SWAP
BloFin BCH-USDT
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
HTX BCH-USDT
Kraken Futures PF_BCHUSD
ApeX Omni BCHUSDT