Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0239%/8h= −26.1% APRpaid last 24h −0.072%

Price spread now: BingX against GMX−0.036%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 BingX

What this pair did over the last

the charts below follow

Funding, last 4 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 −$7 a day on $10k at the current rate, and BingX is 0.036% cheaper against GMX than usual: you would sell low and buy high (−$4 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 BCH/USD [WBTC.b-USDC]	268.25	L +0.0213% / S −0.0170%	pay 0.0027% / 1h	18m 47s	$14K	—	100x
Short	BingX BCH-USDT	268.15	−0.0026	pay 0.0026% / 8h	6h 18m	—	$14.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$50.09
Price spread: −0.036% → 0.000%: −$3.58
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$75.66
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BingX: live order book, 13 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 BingX live order book, 13 min ago	0.56 bp	5.6 bp −$6	7.0 bp −$70	11.6 bp −$1,163	21.2 bp −$10.6K

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 exchanges

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	−0.0399%	1h	268.06	−0.069%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0194%	8h	268.07	−0.066%	$4.9M	$6.4M	50x	as long as short
Variational Omni BCH	−0.0134%	8h	268.00	−0.094%	$145K	$225K	—	as long as short
Bybit BCHUSDT	−0.0125%	8h	268.01	−0.088%	$39.1M	$30.9M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0120%	8h	268.00	−0.092%	$25.5M	$75.2M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0114%	8h	268.16	−0.031%	$391K	$17K	10x	as long as short
HTX BCH-USDT	−0.0084%	8h	267.99	−0.095%	$784K	$1.3M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	267.88	−0.135%	$117K	$915K	25x	as long as short
MEXC BCH_USDT	−0.0071%	8h	268.65	+0.151%	$72.4M	$9.5M	200x	as long as short
Binance BCHUSDT	−0.0071%	8h	268.16	−0.032%	$73.6M	$202.3M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit BCH_USDC-PERPETUAL	−0.0052%	1h	268.18	−0.024%	$422K	$356K	25x	as long as short
Gate BCH_USDT	−0.0047%	8h	268.17	−0.028%	$8.1M	$12.8M	75x	as long as short
KuCoin BCHUSDTM	−0.0028%	8h	268.18	−0.025%	$8.8M	$5.7M	75x	as long as short
Bitget BCHUSDT	−0.0027%	8h	268.07	−0.066%	$19.2M	$27.1M	75x	as long as short
BingX BCH-USDTshort	−0.0026%	8h	268.15	−0.036%	—	$14.3M	—
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	268.22	−0.008%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	268.24	−0.001%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.44	+0.072%	$1.0M	$8.7M	2.7x	as long as short
SunX BCH-USDT	+0.0025%	8h	267.86	−0.144%	$2K	$1.4M	30x	as long as short
Aster BCHUSDT	+0.0029%	8h	268.10	−0.054%	$145K	$527K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.728%	$721	$130K	12x	as long as short
ApeX Omni BCHUSDT	+0.0037%	1h	268.54	+0.110%	$97K	$244K	50x	as long as short
Orderly PERP_BCH_USDC	+0.0041%	8h	268.02	−0.084%	$2K	$540	10x	as long as short
BloFin BCH-USDT	+0.0049%	8h	267.91	−0.125%	$3.5M	$5.3M	50x	as long as short
Nado BCH-PERP	+0.0064%	1h	267.97	−0.102%	$458K	$375K	10x	as long as short
Pacifica BCH	+0.0095%	1h	268.11	−0.051%	$155K	$269K	10x	as long as short
Lighter BCH	+0.0096%	1h	268.22	−0.011%	$392K	$468K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.43	+0.069%	$5.9M	$4.5M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.26	+0.004%	$19K	$346K	20x	as long as short
Kraken Futures PF_BCHUSD	+0.0104%	1h	268.27	+0.008%	$874K	$2.5M	50x	as long as short
Coinbase International BCH-PERP-INTX	+0.0144%	1h	268.64	+0.147%	$359K	$2.1M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]long	L +0.0213% / S −0.0170%	1h	268.25	long leg	$14K	—	100x