Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0462%/8h= −50.6% APRpaid last 24h −0.061%

Price spread now: MEXC against GMX+0.055%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on MEXC

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

The price spread pays, funding is against you. MEXC is 0.055% dearer against GMX than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BCH/USD [WBTC.b-USDC]	263.62	L +0.0356% / S −0.0525%	pay 0.0044% / 1h	47m 28s	$25K	—	100x
Short	MEXC BCH_USDT	263.77	−0.0106	pay 0.0106% / 8h	4h 47m	$69.8M	$7.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$96.95
Price spread: +0.055% → 0.000%: $5.52
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$107.42
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: 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 MEXC live order book, 2 min ago	3.03 bp	5.9 bp −$6	15.0 bp −$150	45.8 bp −$4,577	96.0 bp −$48.0K

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	−0.0789%	8h	263.38	−0.093%	$2K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0393%	1h	263.30	−0.123%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0340%	8h	263.50	−0.047%	$768K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0317%	8h	263.24	−0.146%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERP	−0.0206%	1h	263.57	−0.022%	$419K	$338K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0122%	8h	263.49	−0.052%	$384K	$17K	10x	as long as short
Binance BCHUSDT	−0.0107%	8h	263.42	−0.078%	$71.7M	$213.4M	75x	as long as short
MEXC BCH_USDTshort	−0.0106%	8h	263.77	+0.055%	$69.8M	$7.4M	200x
Extended BCH-USD	−0.0104%	1h	263.38	−0.093%	$111K	$951K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	263.76	+0.051%	$219K	$1.8M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0102%	8h	263.41	−0.081%	$8.2M	$13.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0094%	8h	263.30	−0.123%	$24.8M	$73.9M	50x	as long as short
KuCoin BCHUSDTM	−0.0093%	8h	263.45	−0.066%	$8.5M	$7.1M	75x	as long as short
Variational Omni BCH	−0.0089%	8h	263.90	+0.106%	$81K	$201K	—	as long as short
ApeX Omni BCHUSDT	−0.0086%	1h	263.64	+0.006%	$96K	$228K	50x	as long as short
Bitget BCHUSDT	−0.0077%	8h	263.25	−0.142%	$18.9M	$28.1M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0042%	1h	263.48	−0.053%	$441K	$331K	25x	as long as short
Bybit BCHUSDT	−0.0034%	8h	263.30	−0.123%	$38.9M	$30.9M	75x	as long as short
BingX BCH-USDT	−0.0028%	8h	263.35	−0.104%	—	$32.1M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.63	+0.001%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.55	−0.028%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.76	+0.051%	$1.0M	$10.2M	2.7x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	263.46	−0.063%	$844K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0015%	8h	263.43	−0.074%	$3.9M	$4.2M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.494%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0035%	8h	263.29	−0.127%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	263.43	−0.075%	$160K	$306K	10x	as long as short
Lighter BCH	+0.0096%	1h	263.31	−0.119%	$360K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.66	+0.013%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	263.64	+0.005%	$166K	$520K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.49	−0.050%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]long	L +0.0356% / S −0.0525%	1h	263.62	long leg	$25K	—	100x