Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0288%/8h= −31.5% APRpaid last 24h +0.511%

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

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

Long on GMX Short on Bitget

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

The price spread pays, funding is against you. Bitget is 0.037% dearer against GMX than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CHZ/USD [ETH-USDC]	0.01600	L +0.0388% / S −0.0066%	pay 0.0048% / 1h	30m 33s	$8K	—	50x
Short	Bitget CHZUSDT	0.01601	0.0100	get 0.0100% / 8h	30m 33s	$3.8M	$776K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$60.38
Price spread: +0.037% → 0.000%: $3.75
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$80.63
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	3.12 bp	21.3 bp −$21	35.0 bp −$350	doesn't fit	doesn't fit

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	−0.1158%	1h	0.01603	+0.182%	$2K	$5	5x	as long as short
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−1.650%	$1K	$7	5.5x	as long as short
BloFin CHZ-USDT	+0.0076%	8h	0.01602	+0.100%	$328K	$27K	75x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01601	+0.021%	$21K	$6K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01601	+0.037%	$6.8M	$12.0M	75x	as long as short
Bybit CHZUSDT	+0.0100%	8h	0.01599	−0.087%	$4.0M	$1.4M	75x	as long as short
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01601	+0.037%	$1.6M	$3.2M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01601	+0.037%	$313K	$313K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01601	+0.037%	$4.4M	$916K	200x	as long as short
KuCoin CHZUSDTM	+0.0100%	8h	0.01601	+0.037%	$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 CHZUSDTshort	+0.0100%	8h	0.01601	+0.037%	$3.8M	$776K	75x
BingX CHZ-USDT	+0.0100%	8h	0.01600	−0.025%	—	$2.4M	—	as long as short
Variational Omni CHZ	+0.0100%	8h	0.01598	−0.130%	$4K	$4K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01604	+0.225%	$45K	$674K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01601	+0.037%	$294	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01599	−0.087%	$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	+0.033%	$77K	$51K	25x	as long as short
GMX CHZ/USD [ETH-USDC]long	L +0.0388% / S −0.0066%	1h	0.01600	long leg	$8K	—	50x