Funding you earn now, next payment 21:00 UTC−0.0390%/8h= −42.7% APRnext payment −$0.49 per $10,000 · paid last 24h −0.058%
Price spread now: Coinbase International against GMX−0.220%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 −$12 a day on $10k at the current rate, and Coinbase International is 0.220% cheaper against GMX than usual: you would sell low and buy high (−$22 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] | 268.14 | L +0.0366% / S −0.0554% | pay 0.0046% / 1h | 36m 51s | $25K | — | 100x |
| Short | Coinbase International BCH-PERP-INTX | 267.55 | −0.0024 | pay 0.0003% / 1h | 36m 51s | $254K | $2.0M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$81.82
- Price spread: −0.220% → 0.000%
- −$22
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$125.82
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago | 5.04 bp | 13.8 bp −$14 | 18.1 bp −$181 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective BCH/USDC PERP | −0.0304% | 1h | 267.23 | −0.339% | $713 | $80K | 12x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0238% | 1h | 268.12 | −0.009% | $438K | $247K | 25x | as long as short |
| Phemex BCHUSDT | −0.0205% | 8h | 268.12 | −0.007% | $4.9M | $6.2M | 50x | as long as short |
| SoDEX BCH-USD | −0.0176% | 1h | 267.92 | −0.082% | $2K | $6K | 10x | as long as short |
| Extended BCH-USD | −0.0120% | 1h | 267.74 | −0.148% | $105K | $643K | 25x | as long as short |
| MEXC BCH_USDT | −0.0118% | 8h | 268.41 | +0.101% | $71.0M | $6.3M | 200x | as long as short |
| Binance BCHUSDT | −0.0117% | 8h | 267.64 | −0.186% | $73.9M | $229.0M | 75x | as long as short |
| Variational Omni BCH | −0.0086% | 8h | 267.45 | −0.257% | $85K | $291K | — | as long as short |
| Bybit BCHUSDT | −0.0071% | 8h | 267.63 | −0.190% | $39.4M | $32.0M | 75x | as long as short |
| GRVT BCH_USDT_Perp | −0.0057% | 8h | 267.55 | −0.221% | $390K | $17K | 10x | as long as short |
Show all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BCHUSDT | −0.0051% | 8h | 267.64 | −0.186% | $20.0M | $28.8M | 75x | as long as short |
| Gate BCH_USDT | −0.0036% | 8h | 267.91 | −0.086% | $8.4M | $14.4M | 75x | as long as short |
| Coinbase International BCH-PERP-INTXshort | −0.0024% | 1h | 267.55 | −0.220% | $254K | $2.0M | 50x | |
| BingX BCH-USDC | −0.0012% | 8h | 267.91 | −0.086% | — | $6.5M | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0006% | 8h | 267.70 | −0.164% | $26.2M | $75.7M | 50x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 267.89 | −0.093% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.07 | −0.026% | $1.1M | $11.3M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 268.17 | +0.012% | $4K | — | 150x | as long as short |
| BloFin BCH-USDT | +0.0001% | 8h | 268.11 | −0.011% | $4.0M | $4.1M | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0029% | 8h | 268.01 | −0.048% | $2K | $176 | 10x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0074% | 1h | 268.19 | +0.020% | $804K | $3.2M | 50x | as long as short |
| KuCoin BCHUSDTM | +0.0084% | 8h | 267.98 | −0.060% | $8.9M | $8.0M | 75x | as long as short |
| Nado BCH-PERP | +0.0086% | 1h | 268.03 | −0.042% | $439K | $427K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 267.79 | −0.131% | $375K | $580K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 268.10 | −0.015% | $6.0M | $4.1M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 267.92 | −0.082% | $234K | $660K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 267.96 | −0.066% | $169K | $460K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 267.36 | −0.290% | $19K | $288K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 267.67 | −0.175% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 267.92 | −0.082% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 267.95 | −0.071% | $771K | $1.6M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC]long | L +0.0366% / S −0.0554% | 1h | 268.14 | long leg | $25K | — | 100x |
GMX BCH/USD [WBTC.b-USDC]
Coinbase International BCH-PERP-INTX
Injective BCH/USDC PERP
Deribit BCH_USDC-PERPETUAL
Phemex BCHUSDT
SoDEX BCH-USD
Extended BCH-USD
MEXC BCH_USDT
Binance BCHUSDT
Variational Omni BCH
Bybit BCHUSDT
GRVT BCH_USDT_Perp
Bitget BCHUSDT
Gate BCH_USDT
BingX BCH-USDC
OKX BCH-USDT-SWAP
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
BloFin BCH-USDT
Kraken Futures PF_BCHUSD
KuCoin BCHUSDTM
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT