Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0300%/8h= −32.9% APRpaid last 24h +0.511%

Price spread now: BingX against GMX−0.056%7-day average — · you buy dearer than you sell

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

Long on GMX Short on BingX

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 −$9 a day on $10k at the current rate, and BingX is 0.056% cheaper against GMX than usual: you would sell low and buy high (−$6 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	GMX CHZ/USD [ETH-USDC]	0.01597	L +0.0400% / S −0.0092%	pay 0.0050% / 1h	5m 37s	$8K	—	50x
Short	BingX CHZ-USDT	0.01596	0.0100	get 0.0100% / 8h	5m 37s	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GMX. 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 GMXbpFee BingXbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$63.09
Price spread: −0.056% → 0.000%: −$5.64
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$90.73
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BingX: 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 GMX no order-book sample	—	—	—	—	—
Sell BingX live order book, 3 min ago	9.39 bp	20.2 bp −$20	30.0 bp −$300	111.0 bp −$11.1K	825.4 bp −$412.7K

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	−0.0633%	1h	0.01598	+0.055%	$2K	$5	5x	as long as short
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−1.434%	$1K	$7	5.5x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01597	+0.026%	$21K	$6K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01597	+0.022%	$6.8M	$12.0M	75x	as long as short
Bybit CHZUSDT	+0.0100%	8h	0.01595	−0.119%	$4.0M	$1.4M	75x	as long as short
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01597	+0.006%	$1.6M	$3.2M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01597	+0.006%	$313K	$315K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01597	+0.006%	$4.4M	$925K	200x	as long as short
KuCoin CHZUSDTM	+0.0100%	8h	0.01597	+0.006%	$682K	$139K	50x	as long as short
Bitget CHZUSDT	+0.0100%	8h	0.01596	−0.056%	$3.8M	$775K	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-USDTshort	+0.0100%	8h	0.01596	−0.056%	—	$2.4M	—
Variational Omni CHZ	+0.0100%	8h	0.01594	−0.164%	$4K	$4K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01598	+0.069%	$45K	$671K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01597	+0.006%	$298	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01597	+0.006%	$53K	$84K	20x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01597	+0.002%	$2K	$273K	10x	as long as short
BloFin CHZ-USDT	+0.0109%	8h	0.01596	−0.056%	$325K	$27K	75x	as long as short
Kraken Futures PF_CHZUSD	+0.0382%	1h	0.01597	+0.032%	$77K	$52K	25x	as long as short
GMX CHZ/USD [ETH-USDC]long	L +0.0400% / S −0.0092%	1h	0.01597	long leg	$8K	—	50x