Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.039%

Price spread now: Bybit against dYdX−0.060%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 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. Bybit is 0.060% cheaper against dYdX than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 48 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX CHZ-USD	0.01591	0	get 0.0000% / 1h	34m 26s	$2K	$5	5x
Short	Bybit CHZUSDT	0.01590	0.0100	get 0.0100% / 8h	2h 34m	$4.0M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against dYdX. 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 dYdXbpFee BybitbpOrdersPrice spread, now −0.060%Rate

Funding earned: $21
Price spread: −0.060% → 0.000%: −$5.99
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$5.99
Costs to cover: 0.210%
Break-even: 9.0 days

Slippage unknown: dYdX: no order-book sample; Bybit: live order book, 3 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	9.44 bp	44.6 bp −$45	156.4 bp −$1,564	doesn't fit	doesn't fit

dYdX: 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-USDlong	0.0000%	1h	0.01591	long leg	$2K	$5	5x
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−1.066%	$1K	$7	5.5x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01591	+0.004%	$21K	$6K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01592	+0.066%	$6.8M	$11.7M	75x	as long as short
Bybit CHZUSDTshort	+0.0100%	8h	0.01590	−0.060%	$4.0M	$1.3M	75x
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01591	+0.003%	$1.6M	$3.1M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01589	−0.123%	$312K	$308K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01591	+0.003%	$4.4M	$894K	200x	as long as short
KuCoin CHZUSDTM	+0.0100%	8h	0.01592	+0.066%	$688K	$135K	50x	as long as short
Bitget CHZUSDT	+0.0100%	8h	0.01590	−0.060%	$3.8M	$764K	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	0.01590	−0.060%	—	$2.4M	—	as long as short
Variational Omni CHZ	+0.0100%	8h	0.01588	−0.189%	$4K	$4K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01591	+0.003%	$45K	$667K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01591	+0.003%	$287	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01589	−0.123%	$53K	$84K	20x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01592	+0.053%	$2K	$273K	10x	as long as short
BloFin CHZ-USDT	+0.0126%	8h	0.01590	−0.060%	$325K	$27K	75x	as long as short
GMX CHZ/USD [ETH-USDC]	L +0.0339% / S +0.0032%	1h	0.01592	+0.053%	$8K	—	50x	as long as short
Kraken Futures PF_CHZUSD	+0.0587%	1h	0.01592	+0.065%	$79K	$47K	25x	as long as short