Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0301%/8h= +32.9% APRpaid last 24h +0.048%

Price spread now: GMX against BingX+0.224%7-day average — · you sell dearer than you buy

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

Long on BingX 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

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and GMX is 0.224% dearer against BingX than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BCH-USDT	265.93	0.0039	pay 0.0039% / 8h	26m 55s	—	$31.0M	—
Short	GMX BCH/USD [WBTC.b-USDC]	266.53	L +0.0332% / S −0.0340%	get 0.0042% / 1h	26m 55s	$27K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now +0.224%Rate

Funding earned: $63.12
Price spread: +0.224% → 0.000%: $22.43
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $63.54
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: BingX: live order book, 12 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 BingX live order book, 12 min ago	0.74 bp	5.7 bp −$6	6.9 bp −$69	10.6 bp −$1,059	18.8 bp −$9,376
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.

BCH on 32 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
Deribit BCH_USDC-PERPETUAL	−0.0587%	1h	266.33	+0.152%	$450K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0217%	1h	266.23	+0.113%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0142%	8h	268.92	+1.124%	$82K	$294K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	266.50	+0.214%	$851K	$3.1M	50x	as long as short
Phemex BCHUSDT	−0.0101%	8h	266.57	+0.241%	$4.8M	$6.4M	50x	as long as short
Bybit BCHUSDT	−0.0090%	8h	266.00	+0.026%	$39.1M	$32.9M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.606%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	266.49	+0.211%	$226K	$2.1M	50x	as long as short
Binance BCHUSDT	−0.0017%	8h	265.89	−0.016%	$72.9M	$233.5M	75x	as long as short
MEXC BCH_USDT	−0.0017%	8h	266.68	+0.282%	$69.9M	$6.8M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0016%	1h	266.05	+0.047%	$115K	$652K	25x	as long as short
Gate BCH_USDT	−0.0016%	8h	266.21	+0.105%	$8.3M	$14.7M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	266.57	+0.240%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.72	+0.297%	$1.2M	$11.9M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.50	+0.215%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	266.32	+0.147%	$2K	$176	10x	as long as short
Bitget BCHUSDT	+0.0029%	8h	266.03	+0.038%	$19.1M	$29.9M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0032%	8h	269.11	+1.195%	$392K	$17K	10x	as long as short
OKX BCH-USDT-SWAP	+0.0037%	8h	265.90	−0.011%	$25.9M	$77.9M	50x	as long as short
BingX BCH-USDTlong	+0.0039%	8h	265.93	long leg	—	$31.0M	—
Lighter BCH	+0.0096%	1h	266.33	+0.149%	$367K	$557K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	266.17	+0.091%	$444K	$435K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.42	+0.184%	$6.0M	$4.5M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.54	+0.231%	$212K	$676K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.49	+0.211%	$162K	$440K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	266.24	+0.117%	$9.1M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.79	+1.076%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	269.03	+1.166%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.12	+0.071%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.24	+0.117%	$773K	$1.7M	75x	as long as short
BloFin BCH-USDT	+0.0103%	8h	265.79	−0.053%	$4.0M	$4.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]short	L +0.0332% / S −0.0340%	1h	266.53	+0.224%	$27K	—	100x