Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0119%/8h= +13.0% APRpaid last 24h −0.087%

Price spread now: GMX against BingX+0.031%7-day average — · you sell dearer than you buy

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

Long on BingX 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 0.031% dearer against BingX than usual: you sell high and buy low: +$3 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	BingX CHZ-USDT	0.01607	0.0100	pay 0.0100% / 8h	6h 05m	—	$2.4M	—
Short	GMX CHZ/USD [ETH-USDC]	0.01607	L +0.0468% / S −0.0219%	get 0.0027% / 1h	5m 39s	$8K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now +0.031%Rate

Funding earned: $24.98
Price spread: +0.031% → 0.000%: $3.11
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $6.09
Costs to cover: 0.220%
Break-even: 5.3 days

Slippage unknown: BingX: live order book, 14 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 BingX live order book, 14 min ago	6.21 bp	15.3 bp −$15	33.6 bp −$336	305.6 bp −$30.6K	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.

CHZ on 18 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
dYdX CHZ-USD	0.0000%	1h	0.01609	+0.121%	$3K	$652	5x	as long as short
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−2.054%	$1K	$7	5.5x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01608	+0.050%	$21K	$20K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01608	+0.053%	$6.8M	$12.7M	75x	as long as short
Bybit CHZUSDT	+0.0100%	8h	0.01605	−0.124%	$4.1M	$1.4M	75x	as long as short
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01608	+0.062%	$1.6M	$3.2M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01608	+0.062%	$325K	$337K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01608	+0.062%	$4.4M	$938K	200x	as long as short
KuCoin CHZUSDTM	+0.0100%	8h	0.01606	−0.062%	$722K	$156K	50x	as long as short
Bitget CHZUSDT	+0.0100%	8h	0.01607	0.000%	$3.8M	$820K	75x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CHZ-USDTlong	+0.0100%	8h	0.01607	long leg	—	$2.4M	—
Variational Omni CHZ	+0.0100%	8h	0.01605	−0.142%	$4K	$4K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01606	−0.062%	$45K	$669K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01608	+0.062%	$286	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01608	+0.062%	$53K	$84K	20x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01608	+0.038%	$4K	$362K	10x	as long as short
GMX CHZ/USD [ETH-USDC]short	L +0.0468% / S −0.0219%	1h	0.01607	+0.031%	$8K	—	50x
Kraken Futures PF_CHZUSD	+0.0640%	1h	0.01610	+0.175%	$73K	$62K	25x	as long as short