Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0183%/8h= −20.0% APRpaid last 24h +0.342%

Price spread now: MEXC against GMX+0.082%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 MEXC

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. MEXC is 0.082% dearer against GMX than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CHZ/USD [ETH-USDC]	0.01589	L +0.0283% / S −0.0080%	pay 0.0035% / 1h	14m 34s	$6K	—	50x
Short	MEXC CHZ_USDT	0.01590	0.0100	get 0.0100% / 8h	2h 14m	$4.4M	$1.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$38.37
Price spread: +0.082% → 0.000%: $8.18
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$42.19
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: 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 MEXC live order book, 3 min ago	3.15 bp	7.3 bp −$7	13.0 bp −$130	81.3 bp −$8,135	303.4 bp −$151.7K

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
Kraken Futures PF_CHZUSD	−0.0179%	1h	0.01591	+0.139%	$71K	$69K	25x	as long as short
dYdX CHZ-USD	0.0000%	1h	0.01588	−0.022%	$3K	$652	5x	as long as short
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−0.925%	$1K	$7	5.5x	as long as short
BloFin CHZ-USDT	+0.0078%	8h	0.01589	+0.019%	$326K	$26K	75x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01590	+0.067%	$21K	$22K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01591	+0.145%	$6.8M	$12.8M	75x	as long as short
Bybit CHZUSDT	+0.0100%	8h	0.01587	−0.107%	$4.0M	$1.4M	75x	as long as short
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01591	+0.145%	$1.6M	$3.1M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01589	+0.019%	$324K	$347K	50x	as long as short
MEXC CHZ_USDTshort	+0.0100%	8h	0.01590	+0.082%	$4.4M	$1.0M	200x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CHZUSDTM	+0.0100%	8h	0.01588	−0.044%	$709K	$156K	50x	as long as short
Bitget CHZUSDT	+0.0100%	8h	0.01589	+0.019%	$3.8M	$789K	75x	as long as short
BingX CHZ-USDT	+0.0100%	8h	0.01589	+0.019%	—	$2.4M	—	as long as short
Variational Omni CHZ	+0.0100%	8h	0.01585	−0.218%	$3K	$5K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01591	+0.145%	$45K	$673K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01589	+0.019%	$296	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01589	+0.019%	$52K	$83K	20x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01590	+0.112%	$2K	$278K	10x	as long as short
GMX CHZ/USD [ETH-USDC]long	L +0.0283% / S −0.0080%	1h	0.01589	long leg	$6K	—	50x