Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h −0.087%

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

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

Long on Bybit 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 0.031% cheaper against Bybit than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 35 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CHZUSDT	0.01600	0.0100	pay 0.0100% / 8h	6h 49m	$4.1M	$1.4M	75x
Short	GMX CHZ/USD [ETH-USDC]	0.01599	L +0.0443% / S −0.0172%	get 0.0022% / 1h	49m 58s	$8K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bybit. 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 BybitbpFee GMXbpOrdersPrice spread, now −0.031%Rate

Funding earned: $15.19
Price spread: −0.031% → 0.000%: −$3.13
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: −$10.94
Costs to cover: 0.230%
Break-even: 12.0 days

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	6.28 bp	37.6 bp −$38	141.5 bp −$1,415	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	0.0000%	1h	0.01598	−0.110%	$3K	$647	5x	as long as short
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−1.625%	$1K	$7	5.5x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01600	+0.016%	$21K	$20K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01603	+0.187%	$6.8M	$12.7M	75x	as long as short
Bybit CHZUSDTlong	+0.0100%	8h	0.01600	long leg	$4.1M	$1.4M	75x
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01602	+0.125%	$1.6M	$3.2M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01600	0.000%	$325K	$330K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01603	+0.187%	$4.4M	$924K	200x	as long as short
KuCoin CHZUSDTM	+0.0100%	8h	0.01601	+0.062%	$718K	$155K	50x	as long as short
Bitget CHZUSDT	+0.0100%	8h	0.01602	+0.125%	$3.8M	$819K	75x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CHZ-USDT	+0.0100%	8h	0.01601	+0.062%	—	$2.4M	—	as long as short
Variational Omni CHZ	+0.0100%	8h	0.01592	−0.484%	$4K	$4K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01589	−0.687%	$45K	$667K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01602	+0.125%	$287	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01599	−0.062%	$53K	$84K	20x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01603	+0.161%	$6K	$364K	10x	as long as short
BloFin CHZ-USDT	+0.0119%	8h	0.01595	−0.313%	$329K	$27K	75x	as long as short
GMX CHZ/USD [ETH-USDC]short	L +0.0443% / S −0.0172%	1h	0.01599	−0.031%	$8K	—	50x
Kraken Futures PF_CHZUSD	+0.0643%	1h	0.01601	+0.082%	$76K	$61K	25x	as long as short