Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0416%/8h= −45.5% APRpaid last 24h −0.073%

Price spread now: GRVT against GMX−0.102%51s7-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 GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and GRVT is 0.102% 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. The two prices were read 51 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]	267.82	L +0.0203% / S −0.0147%	pay 0.0025% / 1h	40m 07s	$13K	—	100x
Short	GRVT BCH_USDT_Perp	267.55	−0.0213	pay 0.0213% / 8h	7h 40m	$390K	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.102%Rate

Funding earned: −$87.29
Price spread: −0.102% → 0.000%: −$10.17
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$118.47
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; GRVT: live order book, 57 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 GRVT live order book, 57 min ago	1.51 bp	9.9 bp −$10	15.0 bp −$150	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
SoDEX BCH-USD	−0.0364%	1h	267.55	−0.102%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perpshort	−0.0213%	8h	267.55	−0.102%	$390K	$17K	10x
Phemex BCHUSDT	−0.0190%	8h	267.46	−0.135%	$5.0M	$6.5M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0158%	1h	267.78	−0.015%	$869K	$2.7M	50x	as long as short
Variational Omni BCH	−0.0131%	8h	267.41	−0.156%	$148K	$262K	—	as long as short
OKX BCH-USDT-SWAP	−0.0088%	8h	267.50	−0.120%	$25.3M	$78.6M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0079%	1h	267.58	−0.090%	$420K	$359K	25x	as long as short
KuCoin BCHUSDTM	−0.0074%	8h	267.59	−0.087%	$8.6M	$6.2M	75x	as long as short
Bitget BCHUSDT	−0.0070%	8h	267.49	−0.124%	$19.3M	$27.2M	75x	as long as short
Extended BCH-USD	−0.0056%	1h	267.30	−0.197%	$119K	$912K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0053%	8h	267.59	−0.087%	$74.0M	$216.0M	75x	as long as short
MEXC BCH_USDT	−0.0052%	8h	267.97	+0.055%	$71.9M	$9.2M	200x	as long as short
Gate BCH_USDT	−0.0049%	8h	267.60	−0.083%	$8.4M	$12.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	267.53	−0.110%	$15K	—	150x	as long as short
Pacifica BCH	−0.0002%	1h	267.62	−0.075%	$155K	$296K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	267.71	−0.043%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.76	−0.023%	$1.0M	$9.1M	2.7x	as long as short
Aster BCHUSDT	+0.0011%	8h	267.48	−0.128%	$144K	$574K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.888%	$721	$130K	12x	as long as short
BingX BCH-USDT	+0.0035%	8h	267.53	−0.109%	—	$15.2M	—	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	267.46	−0.135%	$2K	—	10x	as long as short
BloFin BCH-USDT	+0.0067%	8h	267.47	−0.132%	$3.5M	$5.0M	50x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	268.36	+0.201%	$304K	$2.1M	50x	as long as short
Lighter BCH	+0.0096%	1h	267.60	−0.083%	$374K	$492K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	267.35	−0.176%	$429K	$352K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.85	+0.010%	$5.8M	$4.8M	10x	as long as short
Bybit BCHUSDT	+0.0100%	8h	267.50	−0.120%	$39.6M	$32.1M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.07	+0.093%	$19K	$346K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.26	+0.163%	$97K	$241K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.44	−0.143%	$2K	$1.6M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.61	−0.079%	$779K	$1.4M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]long	L +0.0203% / S −0.0147%	1h	267.82	long leg	$13K	—	100x