Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0129%/8h= −14.1% APRpaid last 24h −0.046%

Price spread now: Aster against GMX−0.038%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Aster is 0.038% cheaper against GMX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BCH/USD [WBTC.b-USDC]	264.06	L +0.0202% / S −0.0147%	pay 0.0025% / 1h	43m 16s	$12K	—	100x
Short	Aster BCHUSDT	263.96	0.0073	get 0.0073% / 8h	2h 43m	$153K	$549K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$27.13
Price spread: −0.038% → 0.000%: −$3.79
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$50.92
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 4 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	4.56 bp	11.8 bp −$12	21.4 bp −$214	doesn't fit	doesn't fit

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	−0.0241%	8h	264.02	−0.014%	$771K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0200%	1h	263.95	−0.041%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0197%	8h	263.94	−0.045%	$5.0M	$6.5M	50x	as long as short
Nado BCH-PERP	−0.0177%	1h	263.95	−0.041%	$431K	$349K	10x	as long as short
SunX BCH-USDT	−0.0117%	8h	263.92	−0.052%	$1K	$1.7M	30x	as long as short
Bitget BCHUSDT	−0.0108%	8h	263.81	−0.094%	$18.8M	$28.3M	75x	as long as short
KuCoin BCHUSDTM	−0.0096%	8h	264.10	+0.016%	$8.5M	$6.8M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0077%	8h	264.00	−0.022%	$25.1M	$76.4M	50x	as long as short
Variational Omni BCH	−0.0072%	8h	263.30	−0.286%	$81K	$196K	—	as long as short
Extended BCH-USD	−0.0056%	1h	263.78	−0.104%	$111K	$1.1M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0055%	8h	264.35	+0.111%	$69.9M	$8.0M	200x	as long as short
Binance BCHUSDT	−0.0054%	8h	264.01	−0.018%	$71.7M	$216.9M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	264.25	+0.073%	$217K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0028%	8h	263.72	−0.128%	$384K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0016%	8h	264.04	−0.007%	$38.9M	$31.4M	75x	as long as short
BingX BCH-USDT	−0.0013%	8h	263.92	−0.052%	—	$32.9M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.07	+0.005%	$15K	—	150x	as long as short
Gate BCH_USDT	−0.0003%	8h	263.98	−0.030%	$8.3M	$13.6M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	264.07	+0.005%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.29	+0.088%	$988K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.08	+0.008%	$440K	$334K	25x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.326%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.91	−0.056%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0066%	8h	264.01	−0.018%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDTshort	+0.0073%	8h	263.96	−0.038%	$153K	$549K	75x
Lighter BCH	+0.0096%	1h	264.01	−0.017%	$354K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.21	+0.058%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.00	−0.023%	$159K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.62	−0.165%	$18K	$331K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	263.92	−0.052%	$96K	$235K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	264.16	+0.039%	$845K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]long	L +0.0202% / S −0.0147%	1h	264.06	long leg	$12K	—	100x