Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0297%/8h= −32.5% APRpaid last 24h −0.049%

Price spread now: KuCoin against GMX+0.019%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 KuCoin

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: −$9 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]	265.59	L +0.0202% / S −0.0147%	pay 0.0025% / 1h	1m 46s	$12K	—	100x
Short	KuCoin BCHUSDTM	265.64	−0.0095	pay 0.0095% / 8h	2h 01m	$8.5M	$6.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$62.4
Price spread: +0.019% → 0.000%: $1.85
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$84.54
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	1.13 bp	16.7 bp −$17	53.4 bp −$534	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
SoDEX BCH-USD	−0.0256%	1h	265.45	−0.053%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0193%	8h	265.23	−0.136%	$773K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0176%	8h	265.46	−0.049%	$5.0M	$6.6M	50x	as long as short
Bitget BCHUSDT	−0.0097%	8h	265.46	−0.049%	$19.0M	$28.6M	75x	as long as short
KuCoin BCHUSDTMshort	−0.0095%	8h	265.64	+0.019%	$8.5M	$6.8M	75x
OKX BCH-USDT-SWAP	−0.0069%	8h	265.10	−0.185%	$25.3M	$78.2M	50x	as long as short
Variational Omni BCH	−0.0066%	8h	265.70	+0.042%	$81K	$196K	—	as long as short
Binance BCHUSDT	−0.0043%	8h	265.41	−0.067%	$73.1M	$221.0M	75x	as long as short
MEXC BCH_USDT	−0.0042%	8h	265.66	+0.026%	$70.7M	$8.5M	200x	as long as short
Extended BCH-USD	−0.0040%	1h	265.37	−0.082%	$115K	$1.1M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0040%	1h	265.56	−0.012%	$221K	$1.9M	50x	as long as short
Nado BCH-PERP	−0.0032%	1h	265.28	−0.118%	$437K	$355K	10x	as long as short
Bybit BCHUSDT	−0.0029%	8h	265.29	−0.113%	$39.0M	$31.8M	75x	as long as short
SunX BCH-USDT	−0.0019%	8h	265.34	−0.094%	$2K	$1.7M	30x	as long as short
BingX BCH-USDC	−0.0016%	8h	265.44	−0.057%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0004%	8h	265.76	+0.063%	$387K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.62	+0.010%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.61	+0.007%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.69	+0.037%	$993K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.59	−0.002%	$442K	$333K	25x	as long as short
Gate BCH_USDT	+0.0018%	8h	265.54	−0.019%	$8.4M	$13.9M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.735%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	265.46	−0.049%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0067%	8h	265.36	−0.087%	$150K	$564K	75x	as long as short
BloFin BCH-USDT	+0.0080%	8h	265.58	−0.004%	$3.9M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	265.48	−0.041%	$354K	$498K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.65	+0.022%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.42	−0.063%	$159K	$312K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.65	+0.021%	$18K	$346K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.88	+0.109%	$95K	$237K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0179%	1h	265.61	+0.007%	$849K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]long	L +0.0202% / S −0.0147%	1h	265.59	long leg	$12K	—	100x