Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0630%/8h= +69.0% APRpaid last 24h +0.072%

Price spread now: GMX against MEXC−0.105%7-day average — · you buy dearer than you sell

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

Long on MEXC 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—needs both histories

Funding pays, the price is against you. GMX is 0.105% cheaper against MEXC than usual: you would sell low and buy high (spread −0.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 13 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BCH_USDT	263.86	−0.0105	get 0.0105% / 8h	4h 48m	$69.8M	$7.4M	200x
Short	GMX BCH/USD [WBTC.b-USDC]	263.58	L +0.0356% / S −0.0525%	get 0.0066% / 1h	48m 22s	$25K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now −0.105%Rate

Funding earned: $132.28
Price spread: −0.105% → 0.000%: −$10.52
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $105.76
Costs to cover: 0.160%
Break-even: 1.4 days

Slippage unknown: MEXC: live order book, 6 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 MEXC live order book, 6 min ago	3.02 bp	5.7 bp −$6	14.9 bp −$149	44.5 bp −$4,452	94.6 bp −$47.3K
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	−0.0789%	8h	263.38	−0.182%	$2K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0393%	1h	263.30	−0.212%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0340%	8h	263.50	−0.136%	$768K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0317%	8h	263.24	−0.235%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERP	−0.0201%	1h	263.45	−0.155%	$419K	$338K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0114%	8h	264.97	+0.420%	$386K	$17K	10x	as long as short
Binance BCHUSDT	−0.0107%	8h	263.46	−0.151%	$71.7M	$213.4M	75x	as long as short
MEXC BCH_USDTlong	−0.0105%	8h	263.86	long leg	$69.8M	$7.4M	200x
Extended BCH-USD	−0.0104%	1h	263.18	−0.259%	$111K	$951K	25x	as long as short
Gate BCH_USDT	−0.0104%	8h	263.47	−0.148%	$8.2M	$13.3M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0104%	1h	263.76	−0.038%	$219K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0095%	8h	263.30	−0.212%	$24.8M	$73.8M	50x	as long as short
KuCoin BCHUSDTM	−0.0093%	8h	263.58	−0.106%	$8.5M	$7.1M	75x	as long as short
Variational Omni BCH	−0.0089%	8h	263.90	+0.017%	$81K	$201K	—	as long as short
ApeX Omni BCHUSDT	−0.0080%	1h	264.13	+0.102%	$96K	$228K	50x	as long as short
Bitget BCHUSDT	−0.0077%	8h	263.26	−0.227%	$18.9M	$28.1M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0042%	1h	263.48	−0.142%	$441K	$331K	25x	as long as short
Bybit BCHUSDT	−0.0037%	8h	263.40	−0.174%	$38.9M	$30.9M	75x	as long as short
BingX BCH-USDT	−0.0025%	8h	263.42	−0.167%	—	$32.1M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.63	−0.086%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.73	−0.051%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.76	−0.038%	$1.0M	$10.2M	2.7x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	263.46	−0.152%	$844K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0015%	8h	263.43	−0.163%	$3.9M	$4.2M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.403%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0035%	8h	263.38	−0.182%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	263.45	−0.157%	$160K	$306K	10x	as long as short
Lighter BCH	+0.0096%	1h	263.31	−0.209%	$360K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.77	−0.033%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	263.75	−0.043%	$167K	$520K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.82	+0.364%	$19K	$290K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]short	L +0.0356% / S −0.0525%	1h	263.58	−0.105%	$25K	—	100x