Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.056%

Price spread now: GMX against SunX+0.212%7-day average — · you sell dearer than you buy

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

Long on SunX 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 +$4 a day on $10k at the current rate, and GMX is 0.212% dearer against SunX than usual: you sell high and buy low: +$21 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	SunX BCH-USDT	267.52	0.0100	pay 0.0100% / 8h	7h 41m	$1K	$1.9M	30x
Short	GMX BCH/USD [WBTC.b-USDC]	268.09	L +0.0333% / S −0.0224%	get 0.0028% / 1h	41m 01s	$31K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against SunX. 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 SunXbpFee GMXbpOrdersPrice spread, now +0.212%Rate

Funding earned: $26.05
Price spread: +0.212% → 0.000%: $21.2
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $27.25
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 5 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 SunX live order book, 5 min ago	19.63 bp	39.9 bp −$40	doesn't fit	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
SoDEX BCH-USD	−0.0559%	1h	267.93	+0.153%	$2K	$6K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0552%	1h	267.96	+0.166%	$453K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0491%	8h	267.85	+0.123%	$4.9M	$6.5M	50x	as long as short
HTX BCH-USDT	−0.0383%	8h	267.84	+0.120%	$775K	$1.6M	75x	as long as short
Gate BCH_USDT	−0.0210%	8h	268.00	+0.179%	$8.4M	$14.2M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0196%	8h	267.99	+0.177%	$390K	$17K	10x	as long as short
Variational Omni BCH	−0.0130%	8h	267.81	+0.108%	$82K	$285K	—	as long as short
ApeX Omni BCHUSDT	−0.0074%	1h	267.55	+0.011%	$72K	$215K	50x	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	268.06	+0.202%	$224K	$2.0M	50x	as long as short
Bybit BCHUSDT	−0.0054%	8h	268.01	+0.183%	$39.6M	$32.6M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0051%	8h	267.95	+0.160%	$72.6M	$230.8M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	268.15	+0.235%	$855K	$3.1M	50x	as long as short
MEXC BCH_USDT	−0.0049%	8h	268.33	+0.303%	$70.3M	$6.6M	200x	as long as short
Extended BCH-USD	−0.0048%	1h	267.79	+0.102%	$113K	$804K	25x	as long as short
Nado BCH-PERP	−0.0017%	1h	267.72	+0.076%	$439K	$421K	10x	as long as short
Bitget BCHUSDT	−0.0005%	8h	267.80	+0.105%	$19.2M	$29.5M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	267.93	+0.155%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.16	+0.239%	$1.1M	$10.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.05	+0.198%	$4K	—	150x	as long as short
OKX BCH-USDT-SWAP	+0.0023%	8h	267.90	+0.142%	$25.9M	$76.6M	50x	as long as short
BingX BCH-USDC	+0.0027%	8h	267.92	+0.150%	—	$6.5M	—	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	267.86	+0.127%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.002%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0069%	8h	267.89	+0.138%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	267.95	+0.161%	$369K	$529K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.26	+0.276%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.20	+0.254%	$175K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.83	+0.117%	$163K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	267.94	+0.157%	$9.0M	$7.6M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.89	+0.137%	$19K	$290K	20x	as long as short
SunX BCH-USDTlong	+0.0100%	8h	267.52	long leg	$1K	$1.9M	30x
GMX BCH/USD [WBTC.b-USDC]short	L +0.0333% / S −0.0224%	1h	268.09	+0.212%	$31K	—	100x