Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.055%

Price spread now: Bybit against dYdX−0.118%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 6 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. Bybit is 0.118% cheaper against dYdX than usual: you would sell low and buy high (spread −0.118% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX CHZ-USD	0.01585	0	get 0.0000% / 1h	29m 17s	$3K	$652	5x
Short	Bybit CHZUSDT	0.01583	0.0100	get 0.0100% / 8h	2h 29m	$4.0M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against dYdX. 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 dYdXbpFee BybitbpOrdersPrice spread, now −0.118%Rate

Funding earned: $21
Price spread: −0.118% → 0.000%: −$11.82
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$11.82
Costs to cover: 0.210%
Break-even: 10.9 days

Slippage unknown: dYdX: no order-book sample; Bybit: live order book, 3 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	3.16 bp	40.9 bp −$41	150.4 bp −$1,504	doesn't fit	doesn't fit

dYdX: 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	−0.0179%	1h	0.01585	+0.028%	$70K	$69K	25x	as long as short
dYdX CHZ-USDlong	0.0000%	1h	0.01585	long leg	$3K	$652	5x
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−0.686%	$1K	$7	5.5x	as long as short
BloFin CHZ-USDT	+0.0073%	8h	0.01588	+0.197%	$328K	$26K	75x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01586	+0.063%	$21K	$22K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01586	+0.073%	$6.8M	$12.7M	75x	as long as short
Bybit CHZUSDTshort	+0.0100%	8h	0.01583	−0.118%	$4.0M	$1.4M	75x
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01584	−0.055%	$1.5M	$3.1M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01586	+0.071%	$322K	$345K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01586	+0.071%	$4.3M	$1.0M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CHZUSDTM	+0.0100%	8h	0.01586	+0.071%	$715K	$153K	50x	as long as short
Bitget CHZUSDT	+0.0100%	8h	0.01586	+0.071%	$3.8M	$785K	75x	as long as short
BingX CHZ-USDT	+0.0100%	8h	0.01586	+0.071%	—	$2.4M	—	as long as short
Variational Omni CHZ	+0.0100%	8h	0.01581	−0.228%	$4K	$4K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01587	+0.134%	$45K	$675K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01586	+0.071%	$293	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01585	+0.008%	$52K	$83K	20x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01586	+0.093%	$4K	$279K	10x	as long as short
GMX CHZ/USD [ETH-USDC]	L +0.0281% / S −0.0077%	1h	0.01586	+0.096%	$6K	—	50x	as long as short