Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0273%/8h= −29.9% APRpaid last 24h +0.542%

Price spread now: Bybit against GMX−0.075%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 Bybit

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 −$8 a day on $10k at the current rate, and Bybit is 0.075% cheaper against GMX than usual: you would sell low and buy high (−$7 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]	0.01601	L +0.0373% / S −0.0038%	pay 0.0047% / 1h	57m 15s	$8K	—	50x
Short	Bybit CHZUSDT	0.01600	0.0100	get 0.0100% / 8h	57m 15s	$4.0M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$57.4
Price spread: −0.075% → 0.000%: −$7.49
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$87.9
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bybit: live order book, just now. 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 Bybit live order book, just now	3.13 bp	35.6 bp −$36	149.8 bp −$1,498	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	0.0000%	1h	0.01601	−0.026%	$2K	$5	5x	as long as short
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−1.699%	$1K	$7	5.5x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01602	+0.035%	$21K	$6K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01602	+0.050%	$6.9M	$11.9M	75x	as long as short
Bybit CHZUSDTshort	+0.0100%	8h	0.01600	−0.075%	$4.0M	$1.3M	75x
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01602	+0.050%	$1.6M	$3.2M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01602	+0.050%	$314K	$312K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01601	−0.012%	$4.4M	$904K	200x	as long as short
KuCoin CHZUSDTM	+0.0100%	8h	0.01602	+0.050%	$692K	$135K	50x	as long as short
Bitget CHZUSDT	+0.0100%	8h	0.01601	−0.012%	$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-USDT	+0.0100%	8h	0.01602	+0.050%	—	$2.4M	—	as long as short
Variational Omni CHZ	+0.0100%	8h	0.01598	−0.213%	$4K	$4K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01600	−0.075%	$45K	$671K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01602	+0.050%	$303	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01600	−0.075%	$53K	$84K	20x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01602	+0.034%	$2K	$273K	10x	as long as short
BloFin CHZ-USDT	+0.0107%	8h	0.01604	+0.175%	$327K	$27K	75x	as long as short
GMX CHZ/USD [ETH-USDC]long	L +0.0373% / S −0.0038%	1h	0.01601	long leg	$8K	—	50x
Kraken Futures PF_CHZUSD	+0.0381%	1h	0.01604	+0.146%	$78K	$49K	25x	as long as short