Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0230%/8h= −25.1% APRpaid last 24h −0.057%

Price spread now: Gate against GMX−0.006%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 Gate

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BCH/USD [WBTC.b-USDC]	263.28	L +0.0202% / S −0.0147%	pay 0.0025% / 1h	0m 52s	$12K	—	100x
Short	Gate BCH_USDT	263.27	−0.0028	pay 0.0028% / 8h	3h 00m	$8.3M	$13.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.006%Rate

Funding earned: −$48.22
Price spread: −0.006% → 0.000%: −$0.57
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$75.78
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: 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 Gate live order book, 3 min ago	1.52 bp	13.8 bp −$14	23.3 bp −$233	62.1 bp −$6,211	84.8 bp −$42.4K

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
SoDEX BCH-USD	−0.0275%	1h	263.22	−0.025%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0236%	8h	262.97	−0.120%	$770K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0193%	8h	263.37	+0.032%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERP	−0.0183%	1h	263.15	−0.051%	$427K	$347K	10x	as long as short
SunX BCH-USDT	−0.0149%	8h	263.09	−0.074%	$2K	$1.7M	30x	as long as short
KuCoin BCHUSDTM	−0.0106%	8h	263.34	+0.021%	$8.4M	$6.8M	75x	as long as short
Bitget BCHUSDT	−0.0102%	8h	263.12	−0.063%	$18.8M	$28.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0083%	8h	263.20	−0.032%	$25.1M	$76.0M	50x	as long as short
Variational Omni BCH	−0.0067%	8h	263.00	−0.107%	$81K	$196K	—	as long as short
Binance BCHUSDT	−0.0065%	8h	263.29	+0.002%	$71.5M	$216.2M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0065%	8h	263.64	+0.135%	$69.7M	$7.9M	200x	as long as short
Extended BCH-USD	−0.0064%	1h	263.08	−0.078%	$113K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	263.60	+0.120%	$219K	$1.8M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0052%	1h	263.36	+0.029%	$844K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0042%	8h	263.89	+0.229%	$385K	$17K	10x	as long as short
Gate BCH_USDTshort	−0.0028%	8h	263.27	−0.006%	$8.3M	$13.7M	75x
Bybit BCHUSDT	−0.0008%	8h	263.20	−0.032%	$38.8M	$31.3M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.33	+0.019%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.11	−0.066%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.54	+0.097%	$985K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	263.42	+0.049%	$441K	$331K	25x	as long as short
BingX BCH-USDT	+0.0003%	8h	263.20	−0.032%	—	$32.9M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.626%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.23	−0.021%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0055%	8h	263.13	−0.059%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0075%	8h	263.50	+0.082%	$152K	$549K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.27	−0.004%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.43	+0.055%	$5.6M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.05	−0.090%	$158K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.42	+0.051%	$18K	$331K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	263.56	+0.104%	$96K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]long	L +0.0202% / S −0.0147%	1h	263.28	long leg	$12K	—	100x