Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0370%/8h= −40.5% APRpaid last 24h −0.051%

Price spread now: BingX against GMX−0.058%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 BingX

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 against this trade now: funding costs −$11 a day on $10k at the current rate, and BingX is 0.058% cheaper against GMX than usual: you would sell low and buy high (−$6 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]	264.79	L +0.0333% / S −0.0451%	pay 0.0042% / 1h	7m 19s	$25K	—	100x
Short	BingX BCH-USDT	264.64	−0.0037	pay 0.0037% / 8h	6h 07m	—	$32.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$77.71
Price spread: −0.058% → 0.000%: −$5.84
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$105.55
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BingX: live order book, 1 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 BingX live order book, 1 min ago	0.38 bp	5.4 bp −$5	5.9 bp −$59	9.8 bp −$984	15.7 bp −$7,853

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 31 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
SunX BCH-USDT	−0.1398%	8h	264.54	−0.096%	$1K	$1.8M	30x	as long as short
SoDEX BCH-USD	−0.0507%	1h	264.71	−0.032%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0475%	8h	264.68	−0.043%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0433%	8h	264.59	−0.077%	$775K	$1.5M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0380%	1h	264.77	−0.008%	$447K	$254K	25x	as long as short
Kraken Futures PF_BCHUSD	−0.0300%	1h	264.98	+0.069%	$850K	$3.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0207%	8h	264.26	−0.202%	$385K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0150%	1h	264.34	−0.172%	$96K	$226K	50x	as long as short
Gate BCH_USDT	−0.0132%	8h	264.69	−0.040%	$8.3M	$13.6M	75x	as long as short
Variational Omni BCH	−0.0117%	8h	264.80	+0.003%	$81K	$231K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0112%	1h	264.65	−0.055%	$112K	$963K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	264.66	−0.051%	$231K	$1.9M	50x	as long as short
Binance BCHUSDT	−0.0110%	8h	264.67	−0.047%	$71.6M	$228.3M	75x	as long as short
MEXC BCH_USDT	−0.0109%	8h	264.98	+0.070%	$69.9M	$7.1M	200x	as long as short
Nado BCH-PERP	−0.0079%	1h	264.61	−0.071%	$418K	$357K	10x	as long as short
Bybit BCHUSDT	−0.0070%	8h	264.68	−0.043%	$39.1M	$33.0M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0054%	8h	264.60	−0.074%	$25.2M	$76.2M	50x	as long as short
Bitget BCHUSDT	−0.0048%	8h	264.60	−0.074%	$19.0M	$28.8M	75x	as long as short
BingX BCH-USDTshort	−0.0037%	8h	264.64	−0.058%	—	$32.3M	—
KuCoin BCHUSDTM	−0.0006%	8h	264.77	−0.009%	$8.6M	$7.5M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	264.95	+0.059%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.12	+0.123%	$1.1M	$10.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	264.84	+0.017%	$4K	—	150x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.041%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0035%	8h	264.62	−0.066%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0040%	1h	264.94	+0.054%	$161K	$379K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.72	−0.028%	$364K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.84	+0.017%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.95	+0.059%	$168K	$697K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.21	−0.221%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]long	L +0.0333% / S −0.0451%	1h	264.79	long leg	$25K	—	100x