Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0034%/8h= −3.8% APRpaid last 24h −0.097%

Price spread now: GMX against Bitget−0.037%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 against this trade now: funding costs −$1 a day on $10k at the current rate, and GMX is 0.037% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CHZUSDT	0.01601	0.0100	pay 0.0100% / 8h	31m 14s	$3.8M	$776K	75x
Short	GMX CHZ/USD [ETH-USDC]	0.01600	L +0.0388% / S −0.0066%	get 0.0008% / 1h	31m 14s	$8K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$7.21
Price spread: −0.037% → 0.000%: −$3.75
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$34.96
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	3.12 bp	22.5 bp −$23	49.7 bp −$497	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.

CHZ on 19 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	−0.1196%	1h	0.01603	+0.144%	$2K	$5	5x	as long as short
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−1.686%	$1K	$7	5.5x	as long as short
BloFin CHZ-USDT	+0.0076%	8h	0.01602	+0.062%	$328K	$27K	75x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01601	−0.001%	$21K	$6K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01601	0.000%	$6.8M	$12.0M	75x	as long as short
Bybit CHZUSDT	+0.0100%	8h	0.01599	−0.125%	$4.0M	$1.4M	75x	as long as short
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01601	0.000%	$1.6M	$3.2M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01601	0.000%	$313K	$313K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01600	−0.062%	$4.4M	$916K	200x	as long as short
KuCoin CHZUSDTM	+0.0100%	8h	0.01601	0.000%	$684K	$139K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CHZUSDTlong	+0.0100%	8h	0.01601	long leg	$3.8M	$776K	75x
BingX CHZ-USDT	+0.0100%	8h	0.01601	0.000%	—	$2.4M	—	as long as short
Variational Omni CHZ	+0.0100%	8h	0.01598	−0.168%	$4K	$4K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01604	+0.187%	$45K	$674K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01601	0.000%	$294	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01599	−0.125%	$53K	$84K	20x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01601	−0.019%	$2K	$273K	10x	as long as short
Kraken Futures PF_CHZUSD	+0.0381%	1h	0.01601	−0.004%	$77K	$51K	25x	as long as short
GMX CHZ/USD [ETH-USDC]short	L +0.0388% / S −0.0066%	1h	0.01600	−0.037%	$8K	—	50x