Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.041%

Price spread now: edgeX against GMX+0.087%7-day average — · you sell dearer than you buy

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

Long on GMX Short on edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.087% dearer against GMX than usual: you sell high and buy low (spread +0.087% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BCH/USD [WBTC.b-USDC]	265.47	L +0.0332% / S −0.0340%	pay 0.0041% / 1h	23m 17s	$27K	—	100x
Short	edgeX BCHUSDC	265.71	0.0100	get 0.0050% / 4h	23m 17s	$19K	$290K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$48.63
Price spread: +0.087% → 0.000%: $8.69
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$60.94
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; edgeX: live order book, 55 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 edgeX live order book, 55 min ago	7.40 bp	12.0 bp −$12	14.8 bp −$148	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
Deribit BCH_USDC-PERPETUAL	−0.0435%	1h	265.47	−0.001%	$448K	$266K	25x	as long as short
ApeX Omni BCHUSDT	−0.0248%	1h	265.74	+0.100%	$72K	$213K	50x	as long as short
SoDEX BCH-USD	−0.0241%	1h	265.41	−0.024%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0145%	8h	266.12	+0.243%	$82K	$292K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	265.73	+0.096%	$846K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0089%	8h	265.42	−0.021%	$39.1M	$32.8M	75x	as long as short
Phemex BCHUSDT	−0.0088%	8h	265.70	+0.085%	$4.8M	$6.4M	50x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.780%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	265.57	+0.036%	$223K	$2.1M	50x	as long as short
Extended BCH-USD	−0.0024%	1h	265.20	−0.104%	$114K	$652K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0021%	8h	265.54	+0.025%	$72.8M	$232.9M	75x	as long as short
MEXC BCH_USDT	−0.0020%	8h	265.78	+0.115%	$69.6M	$6.9M	200x	as long as short
Gate BCH_USDT	−0.0013%	8h	265.42	−0.021%	$8.3M	$14.8M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	265.51	+0.012%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.72	+0.092%	$1.2M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.53	+0.022%	$4K	—	150x	as long as short
Bitget BCHUSDT	+0.0025%	8h	265.34	−0.051%	$19.0M	$29.9M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0026%	8h	266.22	+0.282%	$388K	$17K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0027%	8h	265.33	−0.054%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAP	+0.0036%	8h	265.50	+0.010%	$25.8M	$77.9M	50x	as long as short
BingX BCH-USDC	+0.0039%	8h	265.27	−0.077%	—	$6.5M	—	as long as short
Nado BCH-PERP	+0.0090%	1h	265.31	−0.061%	$442K	$435K	10x	as long as short
Lighter BCH	+0.0096%	1h	265.55	+0.030%	$366K	$557K	10x	as long as short
BloFin BCH-USDT	+0.0099%	8h	265.27	−0.077%	$3.9M	$4.2M	50x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.52	+0.017%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.26	−0.080%	$211K	$674K	75x	as long as short
Pacifica BCH	+0.0100%	1h	265.41	−0.025%	$161K	$440K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	265.40	−0.028%	$8.8M	$7.7M	75x	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	265.71	+0.087%	$19K	$290K	20x
SunX BCH-USDT	+0.0100%	8h	265.26	−0.081%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	265.54	+0.025%	$771K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]long	L +0.0332% / S −0.0340%	1h	265.47	long leg	$27K	—	100x