Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0305%/8h= −33.4% APRpaid last 24h −0.040%

Price spread now: Bitget against GMX−0.035%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 Bitget

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 −$9 a day on $10k at the current rate, and Bitget is 0.035% 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]	270.73	L +0.0335% / S −0.0340%	pay 0.0042% / 1h	59m 57s	$27K	—	100x
Short	Bitget BCHUSDT	270.63	0.0030	get 0.0030% / 8h	59m 57s	$19.7M	$29.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$64.07
Price spread: −0.035% → 0.000%: −$3.55
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$91.62
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bitget: 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 Bitget live order book, 4 min ago	0.19 bp	9.2 bp −$9	15.8 bp −$158	37.9 bp −$3,790	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
Deribit BCH_USDC-PERPETUAL	−0.0289%	1h	270.69	−0.014%	$459K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0191%	8h	270.59	−0.050%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0159%	1h	270.59	−0.050%	$2K	$6K	10x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	−0.194%	$721	$130K	12x	as long as short
Variational Omni BCH	−0.0127%	8h	270.01	−0.263%	$83K	$294K	—	as long as short
Bybit BCHUSDT	−0.0071%	8h	270.54	−0.069%	$39.6M	$33.1M	75x	as long as short
Extended BCH-USD	−0.0040%	1h	270.49	−0.086%	$116K	$653K	25x	as long as short
Binance BCHUSDT	−0.0036%	8h	270.65	−0.027%	$75.3M	$234.8M	75x	as long as short
MEXC BCH_USDT	−0.0036%	8h	271.13	+0.149%	$71.0M	$6.7M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	270.82	+0.036%	$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	270.87	+0.053%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.75	+0.009%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0010%	8h	270.55	−0.065%	$8.4M	$14.9M	75x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	270.70	−0.010%	$241K	$2.1M	50x	as long as short
GRVT BCH_USDT_Perp	+0.0017%	8h	269.98	−0.277%	$393K	$17K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0024%	8h	270.55	−0.065%	$2K	$176	10x	as long as short
Bitget BCHUSDTshort	+0.0030%	8h	270.63	−0.035%	$19.7M	$29.6M	75x
OKX BCH-USDT-SWAP	+0.0056%	8h	270.50	−0.083%	$26.6M	$79.0M	50x	as long as short
BingX BCH-USDC	+0.0060%	8h	270.64	−0.032%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0083%	8h	270.38	−0.128%	$4.0M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	270.63	−0.034%	$379K	$588K	10x	as long as short
Nado BCH-PERP	+0.0098%	1h	270.37	−0.131%	$442K	$429K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.94	+0.079%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	270.60	−0.048%	$218K	$704K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.56	−0.061%	$164K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	270.68	−0.017%	$9.3M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.31	−0.153%	$19K	$291K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.41	−0.117%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	270.33	−0.146%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.55	−0.065%	$778K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0112%	1h	270.87	+0.052%	$820K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]long	L +0.0335% / S −0.0340%	1h	270.73	long leg	$27K	—	100x