Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0584%/8h= +64.0% APRpaid last 24h +0.065%

Price spread now: GMX against GRVT+0.301%7-day average — · you sell dearer than you buy

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

Long on GRVT Short on GMX

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 airdropGRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and GMX is 0.301% dearer against GRVT than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BCH_USDT_Perp	265.65	−0.0078	get 0.0078% / 8h	4h 28m	$387K	$17K	10x
Short	GMX BCH/USD [WBTC.b-USDC]	266.45	L +0.0351% / S −0.0506%	get 0.0063% / 1h	28m 39s	$24K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against GRVT. 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 GRVTbpFee GMXbpOrdersPrice spread, now +0.301%Rate

Funding earned: $122.7
Price spread: +0.301% → 0.000%: $30.14
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $131.84
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: GRVT: live order book, 29 min ago; GMX: 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 GRVT live order book, 29 min ago	1.51 bp	9.0 bp −$9	19.6 bp −$196	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.0578%	8h	266.00	+0.130%	$2K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0328%	8h	266.14	+0.183%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0268%	8h	266.28	+0.236%	$776K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0261%	1h	266.12	+0.174%	$430K	$341K	10x	as long as short
SoDEX BCH-USD	−0.0209%	1h	266.25	+0.224%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.29	−0.137%	$219K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0095%	8h	265.70	+0.017%	$25.0M	$74.8M	50x	as long as short
MEXC BCH_USDT	−0.0090%	8h	266.07	+0.157%	$70.4M	$7.8M	200x	as long as short
KuCoin BCHUSDTM	−0.0090%	8h	265.94	+0.108%	$8.5M	$7.0M	75x	as long as short
Binance BCHUSDT	−0.0089%	8h	265.71	+0.021%	$72.3M	$214.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0088%	1h	265.53	−0.047%	$115K	$950K	25x	as long as short
Variational Omni BCH	−0.0079%	8h	265.50	−0.057%	$81K	$201K	—	as long as short
GRVT BCH_USDT_Perplong	−0.0078%	8h	265.65	long leg	$387K	$17K	10x
Bitget BCHUSDT	−0.0074%	8h	265.62	−0.013%	$19.0M	$28.1M	75x	as long as short
Gate BCH_USDT	−0.0073%	8h	266.19	+0.202%	$8.4M	$13.6M	75x	as long as short
BingX BCH-USDT	−0.0008%	8h	266.06	+0.153%	—	$32.1M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.43	+0.293%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	266.10	+0.166%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.51	+0.322%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	266.47	+0.307%	$446K	$331K	25x	as long as short
Bybit BCHUSDT	+0.0006%	8h	265.80	+0.055%	$39.3M	$31.0M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	266.52	+0.325%	$854K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0029%	8h	266.10	+0.168%	$3.9M	$4.3M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.711%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0036%	8h	266.37	+0.270%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	265.75	+0.036%	$160K	$307K	10x	as long as short
Lighter BCH	+0.0096%	1h	265.79	+0.051%	$360K	$488K	10x	as long as short
ApeX Omni BCHUSDT	+0.0099%	1h	264.36	−0.487%	$96K	$230K	50x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.94	+0.108%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.07	+0.155%	$167K	$516K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.45	−0.076%	$19K	$290K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]short	L +0.0351% / S −0.0506%	1h	266.45	+0.301%	$24K	—	100x