Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0130%/8h= +14.3% APRpaid last 24h −0.087%

Price spread now: GMX against BingX−0.187%7-day average — · you buy dearer than you sell

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

Funding pays, the price is against you. GMX is 0.187% cheaper against BingX than usual: you would sell low and buy high (spread −0.187% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 4.8 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CHZ-USDT	0.01608	0.0100	pay 0.0100% / 8h	5h 55m	—	$2.4M	—
Short	GMX CHZ/USD [ETH-USDC]	0.01605	L +0.0474% / S −0.0230%	get 0.0029% / 1h	55m 24s	$8K	—	50x

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 −0.187%Rate

Funding earned: $27.38
Price spread: −0.187% → 0.000%: −$18.66
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$13.27
Costs to cover: 0.220%
Break-even: 10.4 days

Slippage unknown: BingX: live order book, 9 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, 9 min ago	9.31 bp	19.9 bp −$20	37.8 bp −$378	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 18 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	0.01611	+0.156%	$3K	$652	5x	as long as short
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−2.114%	$1K	$7	5.5x	as long as short
Kraken Futures PF_CHZUSD	+0.0067%	1h	0.01614	+0.399%	$74K	$63K	25x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01609	+0.078%	$21K	$20K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01606	−0.124%	$6.8M	$12.6M	75x	as long as short
Bybit CHZUSDT	+0.0100%	8h	0.01605	−0.187%	$4.1M	$1.4M	75x	as long as short
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01606	−0.124%	$1.6M	$3.1M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01607	−0.062%	$325K	$335K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01607	−0.062%	$4.4M	$906K	200x	as long as short
KuCoin CHZUSDTM	+0.0100%	8h	0.01607	−0.062%	$723K	$155K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CHZUSDT	+0.0100%	8h	0.01608	0.000%	$3.8M	$810K	75x	as long as short
BingX CHZ-USDTlong	+0.0100%	8h	0.01608	long leg	—	$2.4M	—
Variational Omni CHZ	+0.0100%	8h	0.01612	+0.232%	$4K	$4K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01606	−0.124%	$45K	$670K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01614	+0.373%	$285	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01616	+0.498%	$54K	$82K	20x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01608	−0.012%	$4K	$362K	10x	as long as short
GMX CHZ/USD [ETH-USDC]short	L +0.0474% / S −0.0230%	1h	0.01605	−0.187%	$8K	—	50x