Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h −0.069%

Price spread now: GMX against KuCoin+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 KuCoin Short on GMX

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. GMX is 0.037% dearer against KuCoin 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 −$1 a day in funding at the current rate, which eats that in about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CHZUSDTM	0.01601	0.0100	pay 0.0100% / 8h	2h 52m	$722K	$155K	50x
Short	GMX CHZ/USD [ETH-USDC]	0.01602	L +0.0279% / S −0.0073%	get 0.0009% / 1h	52m 04s	$6K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$5.76
Price spread: +0.037% → 0.000%: $3.75
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$26.01
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 17 min ago; GMX: no order-book sample. 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 KuCoin live order book, 17 min ago	3.13 bp	55.5 bp −$56	131.5 bp −$1,315	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.0178%	1h	0.01602	+0.041%	$71K	$68K	25x	as long as short
dYdX CHZ-USD	0.0000%	1h	0.01601	−0.019%	$3K	$652	5x	as long as short
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−1.686%	$1K	$7	5.5x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01602	+0.059%	$21K	$22K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01602	+0.037%	$6.9M	$12.7M	75x	as long as short
Bybit CHZUSDT	+0.0100%	8h	0.01599	−0.125%	$4.1M	$1.4M	75x	as long as short
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01601	0.000%	$1.6M	$3.1M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01601	0.000%	$326K	$342K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01601	0.000%	$4.4M	$995K	200x	as long as short
KuCoin CHZUSDTMlong	+0.0100%	8h	0.01601	long leg	$722K	$155K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CHZUSDT	+0.0100%	8h	0.01601	0.000%	$3.8M	$790K	75x	as long as short
BingX CHZ-USDT	+0.0100%	8h	0.01601	0.000%	—	$2.4M	—	as long as short
Variational Omni CHZ	+0.0100%	8h	0.01601	+0.014%	$4K	$4K	—	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01602	+0.062%	$289	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01600	−0.062%	$53K	$83K	20x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01602	+0.036%	$4K	$284K	10x	as long as short
BloFin CHZ-USDT	+0.0115%	8h	0.01601	0.000%	$332K	$26K	75x	as long as short
GMX CHZ/USD [ETH-USDC]short	L +0.0279% / S −0.0073%	1h	0.01602	+0.037%	$6K	—	50x
ApeX Omni CHZUSDT	+0.0423%	1h	0.01601	0.000%	$45K	$675K	50x	as long as short