Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0181%/8h= −19.8% APRpaid last 24h +0.342%

Price spread now: Bybit against GMX−0.133%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Bybit

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 −$5 a day on $10k at the current rate, and Bybit is 0.133% cheaper against GMX than usual: you would sell low and buy high (−$13 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	GMX CHZ/USD [ETH-USDC]	0.01584	L +0.0281% / S −0.0077%	pay 0.0035% / 1h	30m 54s	$6K	—	50x
Short	Bybit CHZUSDT	0.01582	0.0100	get 0.0100% / 8h	2h 30m	$4.0M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GMX. 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 GMXbpFee BybitbpOrdersPrice spread, now −0.133%Rate

Funding earned: −$37.95
Price spread: −0.133% → 0.000%: −$13.26
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$74.2
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bybit: live order book, 2 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 GMX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	3.16 bp	40.9 bp −$41	150.4 bp −$1,504	doesn't fit	doesn't fit

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
Kraken Futures PF_CHZUSD	−0.0180%	1h	0.01584	+0.016%	$70K	$69K	25x	as long as short
dYdX CHZ-USD	0.0000%	1h	0.01586	+0.135%	$3K	$652	5x	as long as short
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−0.638%	$1K	$7	5.5x	as long as short
BloFin CHZ-USDT	+0.0097%	8h	0.01585	+0.057%	$327K	$26K	75x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01585	+0.052%	$21K	$22K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01585	+0.057%	$6.8M	$12.7M	75x	as long as short
Bybit CHZUSDTshort	+0.0100%	8h	0.01582	−0.133%	$4.0M	$1.4M	75x
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01584	−0.006%	$1.5M	$3.1M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01586	+0.120%	$322K	$345K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01585	+0.057%	$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	0.01585	+0.057%	$715K	$153K	50x	as long as short
Bitget CHZUSDT	+0.0100%	8h	0.01586	+0.120%	$3.8M	$784K	75x	as long as short
BingX CHZ-USDT	+0.0100%	8h	0.01585	+0.057%	—	$2.4M	—	as long as short
Variational Omni CHZ	+0.0100%	8h	0.01581	−0.180%	$4K	$4K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01587	+0.183%	$45K	$675K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01585	+0.057%	$291	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01583	−0.069%	$52K	$83K	20x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01585	+0.050%	$4K	$279K	10x	as long as short
GMX CHZ/USD [ETH-USDC]long	L +0.0281% / S −0.0077%	1h	0.01584	long leg	$6K	—	50x