Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0250%/8h= −27.3% APRpaid last 24h −0.046%

Price spread now: edgeX against GMX−0.160%70s7-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 edgeX

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 airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and edgeX is 0.160% cheaper against GMX than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BCH/USD [WBTC.b-USDC]	264.79	L +0.0350% / S −0.0506%	pay 0.0044% / 1h	2m 22s	$24K	—	100x
Short	edgeX BCHUSDC	264.36	0.0100	get 0.0050% / 4h	2m 22s	$19K	$289K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.160%Rate

Funding earned: −$52.42
Price spread: −0.160% → 0.000%: −$15.95
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$89.37
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; edgeX: live order book, 56 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 edgeX live order book, 56 min ago	7.39 bp	12.0 bp −$12	14.6 bp −$146	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
SunX BCH-USDT	−0.0369%	8h	264.48	−0.116%	$2K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0297%	1h	264.69	−0.037%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0271%	8h	264.98	+0.073%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERP	−0.0260%	1h	264.39	−0.148%	$429K	$343K	10x	as long as short
HTX BCH-USDT	−0.0227%	8h	264.82	+0.012%	$772K	$1.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.31	+0.197%	$224K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0099%	8h	264.70	−0.033%	$25.4M	$75.6M	50x	as long as short
KuCoin BCHUSDTM	−0.0090%	8h	264.53	−0.097%	$8.5M	$7.0M	75x	as long as short
Binance BCHUSDT	−0.0088%	8h	264.63	−0.059%	$71.9M	$214.9M	75x	as long as short
Extended BCH-USD	−0.0088%	1h	264.61	−0.068%	$112K	$956K	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	−0.0088%	8h	265.08	+0.111%	$70.3M	$7.9M	200x	as long as short
Bitget BCHUSDT	−0.0080%	8h	264.62	−0.063%	$18.9M	$28.1M	75x	as long as short
Variational Omni BCH	−0.0074%	8h	264.20	−0.220%	$81K	$197K	—	as long as short
GRVT BCH_USDT_Perp	−0.0060%	8h	265.18	+0.150%	$387K	$17K	10x	as long as short
Gate BCH_USDT	−0.0056%	8h	264.71	−0.029%	$8.3M	$13.7M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.78	−0.003%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.65	−0.052%	$5K	$248	10x	as long as short
Bybit BCHUSDT	0.0000%	8h	264.60	−0.071%	$39.0M	$31.1M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.16	+0.141%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.88	+0.034%	$443K	$331K	25x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	264.95	+0.062%	$853K	$3.0M	50x	as long as short
BingX BCH-USDC	+0.0014%	8h	264.62	−0.063%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0032%	8h	264.70	−0.033%	$3.9M	$4.3M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.044%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0040%	8h	264.65	−0.052%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	264.46	−0.124%	$159K	$304K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.52	−0.101%	$357K	$489K	10x	as long as short
Aster BCHUSDT	+0.0096%	8h	264.73	−0.022%	$162K	$540K	75x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.89	+0.039%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	264.36	−0.160%	$19K	$289K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	264.62	−0.063%	$96K	$231K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]long	L +0.0350% / S −0.0506%	1h	264.79	long leg	$24K	—	100x