Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0624%/8h= +68.3% APRpaid last 24h +0.063%

Price spread now: GMX against KuCoin+0.032%59s7-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

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and GMX is 0.032% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BCHUSDTM	264.66	−0.0094	get 0.0094% / 8h	3h 18m	$8.5M	$6.9M	75x
Short	GMX BCH/USD [WBTC.b-USDC]	264.74	L +0.0358% / S −0.0530%	get 0.0066% / 1h	18m 30s	$25K	—	100x

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 +0.032%Rate

Funding earned: $130.96
Price spread: +0.032% → 0.000%: $3.21
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $110.17
Costs to cover: 0.240%
Break-even: 1.1 days

Slippage unknown: KuCoin: live order book, 5 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, 5 min ago	1.71 bp	16.0 bp −$16	62.6 bp −$626	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.

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
SoDEX BCH-USD	−0.0282%	1h	264.65	−0.004%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0242%	8h	264.62	−0.015%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0239%	8h	264.43	−0.087%	$771K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0181%	1h	264.50	−0.061%	$429K	$347K	10x	as long as short
SunX BCH-USDT	−0.0179%	8h	264.40	−0.098%	$2K	$1.7M	30x	as long as short
KuCoin BCHUSDTMlong	−0.0094%	8h	264.66	long leg	$8.5M	$6.9M	75x
OKX BCH-USDT-SWAP	−0.0088%	8h	264.50	−0.060%	$25.1M	$76.1M	50x	as long as short
Bitget BCHUSDT	−0.0084%	8h	264.47	−0.072%	$18.9M	$28.2M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	264.32	−0.127%	$112K	$993K	25x	as long as short
Binance BCHUSDT	−0.0068%	8h	264.48	−0.069%	$71.8M	$215.8M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0068%	8h	264.89	+0.087%	$70.1M	$7.9M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	264.31	−0.132%	$217K	$1.8M	50x	as long as short
Variational Omni BCH	−0.0061%	8h	264.60	−0.021%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	264.87	+0.078%	$857K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0046%	8h	264.81	+0.056%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0036%	8h	264.53	−0.049%	$8.3M	$13.7M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.83	+0.065%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.75	+0.035%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.01	+0.132%	$993K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.76	+0.036%	$443K	$331K	25x	as long as short
Bybit BCHUSDT	+0.0015%	8h	264.46	−0.076%	$39.0M	$31.3M	75x	as long as short
BingX BCH-USDT	+0.0018%	8h	264.50	−0.060%	—	$32.9M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.093%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.55	−0.042%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0052%	8h	264.70	+0.015%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0083%	8h	264.53	−0.051%	$150K	$546K	75x	as long as short
Lighter BCH	+0.0096%	1h	264.58	−0.028%	$355K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.86	+0.076%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.56	−0.038%	$159K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.53	−0.050%	$18K	$322K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.99	+0.125%	$96K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]short	L +0.0358% / S −0.0530%	1h	264.74	+0.032%	$25K	—	100x