Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0368%/8h= −40.3% APRpaid last 24h −0.073%

Price spread now: GMX against Binance−0.050%7-day average — · you buy dearer than you sell

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

Long on Binance 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 against this trade now: funding costs −$11 a day on $10k at the current rate, and GMX is 0.050% cheaper against Binance than usual: you would sell low and buy high (−$5 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	Binance CHZUSDT	0.01600	0.0100	pay 0.0100% / 8h	4h 15m	$6.8M	$12.7M	75x
Short	GMX CHZ/USD [ETH-USDC]	0.01599	L +0.0083% / S +0.0268%	pay 0.0034% / 1h	15m 01s	$3K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$77.37
Price spread: −0.050% → 0.000%: −$5
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$104.37
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 10 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 Binance live order book, 10 min ago	3.13 bp	11.2 bp −$11	30.9 bp −$309	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
dYdX CHZ-USD	0.0000%	1h	0.01597	−0.175%	$3K	$652	5x	as long as short
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−1.625%	$1K	$7	5.5x	as long as short
GMX CHZ/USD [ETH-USDC]short	L +0.0083% / S +0.0268%	1h	0.01599	−0.050%	$3K	—	50x
Aster CHZUSDT	+0.0100%	8h	0.01600	−0.027%	$21K	$22K	10x	as long as short
Binance CHZUSDTlong	+0.0100%	8h	0.01600	long leg	$6.8M	$12.7M	75x
Bybit CHZUSDT	+0.0100%	8h	0.01598	−0.125%	$4.1M	$1.4M	75x	as long as short
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01600	0.000%	$1.6M	$3.2M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01599	−0.062%	$322K	$343K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01599	−0.062%	$4.2M	$948K	200x	as long as short
KuCoin CHZUSDTM	+0.0100%	8h	0.01598	−0.125%	$719K	$154K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CHZUSDT	+0.0100%	8h	0.01598	−0.125%	$3.8M	$795K	75x	as long as short
BingX CHZ-USDT	+0.0100%	8h	0.01599	−0.062%	—	$2.4M	—	as long as short
Variational Omni CHZ	+0.0100%	8h	0.01596	−0.236%	$4K	$4K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01600	0.000%	$45K	$673K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01600	0.000%	$293	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01597	−0.187%	$53K	$82K	20x	as long as short
BloFin CHZ-USDT	+0.0101%	8h	0.01601	+0.062%	$330K	$26K	75x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01600	+0.029%	$2K	$357K	10x	as long as short
Kraken Futures PF_CHZUSD	+0.0366%	1h	0.01601	+0.069%	$72K	$67K	25x	as long as short