Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0226%/8h= +24.7% APRpaid last 24h +0.069%

Price spread now: GMX against OKX+0.054%7-day average — · you sell dearer than you buy

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

Long on OKX 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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and GMX is 0.054% dearer against OKX than usual: you sell high and buy low: +$5 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	OKX BCH-USDT-SWAP	263.70	−0.0078	get 0.0078% / 8h	2h 38m	$25.1M	$76.7M	50x
Short	GMX BCH/USD [WBTC.b-USDC]	263.84	L +0.0202% / S −0.0147%	get 0.0018% / 1h	38m 09s	$12K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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 OKXbpFee GMXbpOrdersPrice spread, now +0.054%Rate

Funding earned: $47.37
Price spread: +0.054% → 0.000%: $5.44
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $30.82
Costs to cover: 0.220%
Break-even: 2.4 days

Slippage unknown: OKX: 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 OKX live order book, 6 min ago	1.89 bp	10.3 bp −$10	18.9 bp −$189	120.6 bp −$12.1K	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
HTX BCH-USDT	−0.0238%	8h	263.52	−0.068%	$768K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0198%	1h	263.69	−0.004%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0191%	8h	263.80	+0.038%	$5.0M	$6.5M	50x	as long as short
Nado BCH-PERP	−0.0136%	1h	263.65	−0.019%	$431K	$350K	10x	as long as short
Bitget BCHUSDT	−0.0110%	8h	263.70	0.000%	$18.8M	$28.4M	75x	as long as short
SunX BCH-USDT	−0.0110%	8h	263.65	−0.019%	$1K	$1.7M	30x	as long as short
KuCoin BCHUSDTM	−0.0096%	8h	263.72	+0.008%	$8.5M	$6.8M	75x	as long as short
OKX BCH-USDT-SWAPlong	−0.0078%	8h	263.70	long leg	$25.1M	$76.7M	50x
Variational Omni BCH	−0.0070%	8h	263.31	−0.149%	$81K	$196K	—	as long as short
Extended BCH-USD	−0.0056%	1h	263.56	−0.053%	$111K	$1.1M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0054%	8h	263.80	+0.038%	$71.8M	$219.1M	75x	as long as short
MEXC BCH_USDT	−0.0053%	8h	264.16	+0.174%	$69.8M	$8.0M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	263.48	−0.083%	$219K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0026%	8h	263.89	+0.072%	$385K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0023%	8h	263.70	0.000%	$38.8M	$31.5M	75x	as long as short
BingX BCH-USDC	−0.0014%	8h	263.73	+0.011%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.83	+0.049%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.52	−0.068%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.79	+0.034%	$987K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	263.93	+0.086%	$439K	$333K	25x	as long as short
Gate BCH_USDT	+0.0007%	8h	263.79	+0.034%	$8.3M	$13.7M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.465%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.72	+0.008%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0066%	8h	263.17	−0.201%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0071%	8h	263.64	−0.024%	$153K	$557K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.81	+0.041%	$354K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.98	+0.106%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.50	−0.077%	$158K	$306K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.93	+0.088%	$18K	$329K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	263.82	+0.046%	$96K	$235K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	263.96	+0.099%	$843K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]short	L +0.0202% / S −0.0147%	1h	263.84	+0.054%	$12K	—	100x