Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0272%/8h= −29.8% APRpaid last 24h −0.047%

Price spread now: SunX against GMX−0.095%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 SunX

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 −$8 a day on $10k at the current rate, and SunX is 0.095% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BCH/USD [WBTC.b-USDC]	267.75	L +0.0372% / S −0.0574%	pay 0.0047% / 1h	32m 07s	$26K	—	100x
Short	SunX BCH-USDT	267.49	0.0100	get 0.0100% / 8h	2h 32m	$2K	$2.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$57.14
Price spread: −0.095% → 0.000%: −$9.55
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$86.69
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; SunX: live order book, 4 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 SunX live order book, 4 min ago	19.63 bp	29.0 bp −$29	doesn't fit	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
Deribit BCH_USDC-PERPETUAL	−0.0347%	1h	267.72	−0.009%	$438K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	−0.193%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0197%	8h	267.64	−0.039%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0186%	1h	267.64	−0.039%	$2K	$6K	10x	as long as short
MEXC BCH_USDT	−0.0115%	8h	268.32	+0.215%	$71.1M	$6.4M	200x	as long as short
Binance BCHUSDT	−0.0114%	8h	267.61	−0.052%	$73.9M	$229.0M	75x	as long as short
Extended BCH-USD	−0.0112%	1h	267.60	−0.054%	$105K	$643K	25x	as long as short
Variational Omni BCH	−0.0080%	8h	267.64	−0.039%	$85K	$291K	—	as long as short
Bybit BCHUSDT	−0.0059%	8h	267.60	−0.054%	$39.4M	$32.0M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0050%	8h	267.74	−0.003%	$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	−0.0048%	8h	267.59	−0.058%	$20.0M	$28.8M	75x	as long as short
Gate BCH_USDT	−0.0030%	8h	267.70	−0.017%	$8.4M	$14.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	267.90	+0.058%	$246K	$2.0M	50x	as long as short
BingX BCH-USDT	−0.0007%	8h	267.74	−0.002%	—	$32.1M	—	as long as short
OKX BCH-USDT-SWAP	−0.0002%	8h	267.70	−0.017%	$26.2M	$75.8M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.89	+0.053%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.11	+0.136%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.81	+0.024%	$4K	—	150x	as long as short
BloFin BCH-USDT	+0.0005%	8h	267.74	−0.002%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	267.64	−0.039%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.94	+0.071%	$804K	$3.2M	50x	as long as short
Nado BCH-PERP	+0.0079%	1h	267.61	−0.051%	$438K	$427K	10x	as long as short
KuCoin BCHUSDTM	+0.0091%	8h	267.72	−0.010%	$8.9M	$8.0M	75x	as long as short
Lighter BCH	+0.0096%	1h	267.72	−0.011%	$375K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.96	+0.079%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.68	−0.023%	$234K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.73	−0.006%	$169K	$460K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.63	−0.044%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.16	+0.155%	$73K	$214K	50x	as long as short
SunX BCH-USDTshort	+0.0100%	8h	267.49	−0.095%	$2K	$2.0M	30x
HTX BCH-USDT	+0.0100%	8h	267.67	−0.028%	$770K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]long	L +0.0372% / S −0.0574%	1h	267.75	long leg	$26K	—	100x