Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h +0.069%

Price spread now: GMX against Gate+0.209%7-day average — · you sell dearer than you buy

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

Long on Gate 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 +$4 a day on $10k at the current rate, and GMX is 0.209% dearer against Gate than usual: you sell high and buy low: +$21 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	Gate BCH_USDT	263.12	0.0001	pay 0.0001% / 8h	2h 40m	$8.3M	$13.7M	75x
Short	GMX BCH/USD [WBTC.b-USDC]	263.67	L +0.0202% / S −0.0147%	get 0.0018% / 1h	40m 42s	$12K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now +0.209%Rate

Funding earned: $30.75
Price spread: +0.209% → 0.000%: $20.9
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $24.65
Costs to cover: 0.270%
Break-even: 1.4 days

Slippage unknown: Gate: 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 Gate live order book, 3 min ago	1.33 bp	14.0 bp −$14	18.7 bp −$187	30.1 bp −$3,008	42.7 bp −$21.4K
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
HTX BCH-USDT	−0.0240%	8h	263.13	+0.004%	$768K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0208%	1h	263.41	+0.110%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0201%	8h	263.59	+0.179%	$5.0M	$6.5M	50x	as long as short
Nado BCH-PERP	−0.0157%	1h	263.75	+0.239%	$431K	$350K	10x	as long as short
SunX BCH-USDT	−0.0110%	8h	263.72	+0.228%	$1K	$1.7M	30x	as long as short
Bitget BCHUSDT	−0.0108%	8h	262.97	−0.057%	$18.8M	$28.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0097%	8h	263.07	−0.019%	$8.4M	$6.8M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0080%	1h	263.57	+0.170%	$439K	$333K	25x	as long as short
OKX BCH-USDT-SWAP	−0.0078%	8h	263.00	−0.046%	$25.1M	$76.3M	50x	as long as short
Variational Omni BCH	−0.0070%	8h	263.31	+0.071%	$81K	$196K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0056%	1h	262.88	−0.092%	$111K	$1.1M	25x	as long as short
Binance BCHUSDT	−0.0054%	8h	263.01	−0.042%	$71.6M	$218.8M	75x	as long as short
MEXC BCH_USDT	−0.0053%	8h	263.58	+0.175%	$69.7M	$8.0M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	263.67	+0.209%	$222K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0028%	8h	263.72	+0.228%	$384K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0018%	8h	263.00	−0.046%	$38.7M	$31.5M	75x	as long as short
BingX BCH-USDC	−0.0013%	8h	263.11	−0.004%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.55	+0.164%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.31	+0.071%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.33	+0.460%	$987K	$10.4M	2.7x	as long as short
Gate BCH_USDTlong	+0.0001%	8h	263.12	long leg	$8.3M	$13.7M	75x
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.691%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.44	+0.122%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0067%	8h	263.23	+0.042%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0072%	8h	263.40	+0.105%	$152K	$555K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.12	−0.001%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.40	+0.106%	$5.6M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.12	0.000%	$158K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.93	+0.308%	$18K	$329K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.15	+0.391%	$96K	$235K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	263.56	+0.169%	$842K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]short	L +0.0202% / S −0.0147%	1h	263.67	+0.209%	$12K	—	100x