Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0422%/8h= −46.2% APRpaid last 24h −0.047%

Price spread now: Bybit against GMX−0.104%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 Bybit

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 −$13 a day on $10k at the current rate, and Bybit is 0.104% cheaper against GMX than usual: you would sell low and buy high (−$10 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]	268.98	L +0.0334% / S −0.0340%	pay 0.0042% / 1h	32m 55s	$27K	—	100x
Short	Bybit BCHUSDT	268.70	−0.0088	pay 0.0088% / 8h	32m 55s	$39.3M	$32.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$88.59
Price spread: −0.104% → 0.000%: −$10.41
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$122
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bybit: 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 Bybit live order book, 1 min ago	1.86 bp	10.2 bp −$10	18.0 bp −$180	65.9 bp −$6,593	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	−0.0456%	1h	268.92	−0.021%	$454K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0154%	1h	268.75	−0.085%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0151%	8h	268.89	−0.033%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0142%	8h	268.82	−0.060%	$82K	$294K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0125%	1h	269.12	+0.051%	$829K	$3.1M	50x	as long as short
Bybit BCHUSDTshort	−0.0088%	8h	268.70	−0.104%	$39.3M	$32.6M	75x
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+0.454%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	268.89	−0.033%	$236K	$2.1M	50x	as long as short
Extended BCH-USD	−0.0024%	1h	268.63	−0.132%	$116K	$652K	25x	as long as short
MEXC BCH_USDT	−0.0021%	8h	269.32	+0.126%	$70.5M	$6.7M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0020%	8h	268.75	−0.084%	$74.4M	$230.8M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	269.01	+0.010%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.14	+0.059%	$1.3M	$11.5M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.96	−0.009%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0009%	8h	268.78	−0.074%	$8.4M	$14.5M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.79	−0.071%	$2K	$176	10x	as long as short
GRVT BCH_USDT_Perp	+0.0028%	8h	269.11	+0.050%	$392K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0032%	8h	268.74	−0.089%	$19.1M	$29.2M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0039%	8h	268.70	−0.104%	$26.3M	$77.7M	50x	as long as short
BingX BCH-USDT	+0.0043%	8h	268.75	−0.085%	—	$31.0M	—	as long as short
Lighter BCH	+0.0096%	1h	268.83	−0.057%	$371K	$555K	10x	as long as short
BloFin BCH-USDT	+0.0100%	8h	268.87	−0.041%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.75	−0.085%	$444K	$427K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.14	+0.061%	$6.0M	$4.3M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.84	−0.052%	$216K	$709K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.76	−0.081%	$163K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.81	−0.063%	$9.2M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.98	−0.002%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	269.10	+0.045%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.56	−0.156%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.68	−0.112%	$777K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]long	L +0.0334% / S −0.0340%	1h	268.98	long leg	$27K	—	100x