Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0270%/8h= −29.6% APRpaid last 24h −0.022%

Price spread now: BloFin against GMX−0.167%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 BloFin

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 −$8 a day on $10k at the current rate, and BloFin is 0.167% cheaper against GMX than usual: you would sell low and buy high (−$17 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]	269.30	L +0.0334% / S −0.0451%	pay 0.0042% / 1h	30m 30s	$25K	—	100x
Short	BloFin BCH-USDT	268.85	0.0064	get 0.0064% / 8h	7h 30m	$3.9M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.167%Rate

Funding earned: −$56.68
Price spread: −0.167% → 0.000%: −$16.66
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$97.33
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BloFin: 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 GMX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	2.60 bp	13.6 bp −$14	22.8 bp −$228	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.

BCH on 32 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
Phemex BCHUSDT	−0.0745%	8h	268.90	−0.148%	$4.9M	$6.5M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0559%	1h	269.15	−0.056%	$455K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0521%	1h	268.95	−0.129%	$2K	$6K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0180%	8h	268.67	−0.234%	$391K	$17K	10x	as long as short
Variational Omni BCH	−0.0127%	8h	269.01	−0.108%	$82K	$285K	—	as long as short
Gate BCH_USDT	−0.0122%	8h	268.90	−0.148%	$8.5M	$14.2M	75x	as long as short
HTX BCH-USDT	−0.0113%	8h	269.08	−0.081%	$782K	$1.6M	75x	as long as short
ApeX Omni BCHUSDT	−0.0107%	1h	269.29	−0.003%	$73K	$214K	50x	as long as short
Extended BCH-USD	−0.0056%	1h	268.67	−0.235%	$117K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	268.58	−0.267%	$227K	$2.1M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0056%	8h	268.61	−0.257%	$72.8M	$230.1M	75x	as long as short
MEXC BCH_USDT	−0.0055%	8h	269.26	−0.014%	$70.5M	$6.6M	200x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	269.17	−0.048%	$858K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0043%	8h	268.61	−0.256%	$39.7M	$32.6M	75x	as long as short
Bitget BCHUSDT	−0.0012%	8h	268.78	−0.193%	$19.3M	$29.3M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	269.12	−0.068%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.47	+0.064%	$1.1M	$10.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.35	+0.018%	$4K	—	150x	as long as short
Nado BCH-PERP	+0.0011%	1h	268.76	−0.201%	$440K	$421K	10x	as long as short
OKX BCH-USDT-SWAP	+0.0020%	8h	268.50	−0.297%	$26.1M	$76.6M	50x	as long as short
BingX BCH-USDC	+0.0021%	8h	268.79	−0.189%	—	$6.5M	—	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	269.05	−0.092%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.335%	$721	$130K	12x	as long as short
BloFin BCH-USDTshort	+0.0064%	8h	268.85	−0.167%	$3.9M	$4.3M	50x
Lighter BCH	+0.0096%	1h	268.91	−0.144%	$370K	$530K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.24	−0.022%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.89	−0.153%	$177K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.86	−0.164%	$163K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.93	−0.137%	$9.0M	$7.6M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.60	−0.259%	$19K	$291K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.02	−0.103%	$2K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]long	L +0.0334% / S −0.0451%	1h	269.30	long leg	$25K	—	100x