Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0336%/8h= −36.8% APRpaid last 24h −0.047%

Price spread now: Orderly against GMX−0.070%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 Orderly

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 −$10 a day on $10k at the current rate, and Orderly is 0.070% cheaper against GMX than usual: you would sell low and buy high (−$7 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]	267.42	L +0.0365% / S −0.0554%	pay 0.0046% / 1h	43m 38s	$25K	—	100x
Short	Orderly PERP_BCH_USDC	267.23	0.0029	get 0.0029% / 8h	2h 43m	$2K	$176	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.070%Rate

Funding earned: −$70.61
Price spread: −0.070% → 0.000%: −$6.98
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$95.58
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

GMX and Orderly: 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	−0.0314%	1h	267.39	−0.011%	$437K	$248K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	−0.070%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0197%	8h	267.26	−0.059%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0167%	1h	267.20	−0.081%	$2K	$6K	10x	as long as short
Binance BCHUSDT	−0.0121%	8h	267.41	−0.001%	$73.8M	$229.0M	75x	as long as short
Extended BCH-USD	−0.0120%	1h	267.42	+0.003%	$105K	$643K	25x	as long as short
MEXC BCH_USDT	−0.0120%	8h	268.06	+0.241%	$70.9M	$6.3M	200x	as long as short
Bybit BCHUSDT	−0.0091%	8h	267.40	−0.006%	$39.4M	$32.1M	75x	as long as short
Variational Omni BCH	−0.0082%	8h	267.05	−0.137%	$85K	$291K	—	as long as short
GRVT BCH_USDT_Perp	−0.0064%	8h	267.18	−0.088%	$389K	$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	−0.0054%	8h	267.39	−0.010%	$20.0M	$28.7M	75x	as long as short
Gate BCH_USDT	−0.0038%	8h	267.51	+0.035%	$8.4M	$14.3M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	266.89	−0.197%	$254K	$2.0M	50x	as long as short
BingX BCH-USDC	−0.0016%	8h	267.51	+0.035%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	−0.0015%	8h	267.40	−0.006%	$26.2M	$75.6M	50x	as long as short
BloFin BCH-USDT	−0.0001%	8h	267.16	−0.096%	$4.0M	$4.1M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.56	+0.053%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.28	−0.051%	$1.1M	$11.4M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.42	+0.001%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDCshort	+0.0029%	8h	267.23	−0.070%	$2K	$176	10x
Nado BCH-PERP	+0.0062%	1h	267.07	−0.131%	$440K	$426K	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.46	+0.016%	$802K	$3.2M	50x	as long as short
KuCoin BCHUSDTM	+0.0077%	8h	267.45	+0.013%	$8.8M	$8.0M	75x	as long as short
Lighter BCH	+0.0096%	1h	267.45	+0.014%	$375K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.80	+0.143%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.55	+0.051%	$234K	$674K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.51	+0.035%	$169K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.15	−0.099%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.18	−0.088%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.09	−0.122%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.07	−0.130%	$768K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]long	L +0.0365% / S −0.0554%	1h	267.42	long leg	$25K	—	100x