Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0319%/8h= −35.0% APRpaid last 24h −0.053%

Price spread now: OKX against GMX−0.069%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 OKX

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 −$10 a day on $10k at the current rate, and OKX is 0.069% cheaper against GMX than usual: you would sell low and buy high (−$7 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]	269.39	L +0.0334% / S −0.0451%	pay 0.0042% / 1h	28m 05s	$25K	—	100x
Short	OKX BCH-USDT-SWAP	269.20	0.0015	get 0.0015% / 8h	7h 28m	$26.1M	$76.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$67.04
Price spread: −0.069% → 0.000%: −$6.88
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$95.92
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	1.86 bp	8.8 bp −$9	17.0 bp −$170	105.5 bp −$10.6K	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	−0.0718%	8h	269.13	−0.095%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0542%	1h	269.25	−0.050%	$2K	$6K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0384%	1h	269.35	−0.015%	$455K	$266K	25x	as long as short
GRVT BCH_USDT_Perp	−0.0157%	8h	269.17	−0.080%	$392K	$17K	10x	as long as short
Variational Omni BCH	−0.0127%	8h	269.01	−0.140%	$82K	$285K	—	as long as short
ApeX Omni BCHUSDT	−0.0107%	1h	269.29	−0.035%	$73K	$214K	50x	as long as short
Gate BCH_USDT	−0.0107%	8h	269.25	−0.050%	$8.5M	$14.2M	75x	as long as short
HTX BCH-USDT	−0.0078%	8h	269.25	−0.050%	$782K	$1.6M	75x	as long as short
Binance BCHUSDT	−0.0060%	8h	269.29	−0.035%	$73.0M	$229.6M	75x	as long as short
MEXC BCH_USDT	−0.0058%	8h	269.71	+0.120%	$70.7M	$6.6M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0056%	1h	269.13	−0.093%	$117K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	269.29	−0.035%	$228K	$2.0M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	269.43	+0.016%	$857K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0049%	8h	269.40	+0.005%	$39.9M	$32.5M	75x	as long as short
Bitget BCHUSDT	−0.0015%	8h	269.23	−0.058%	$19.3M	$29.2M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	269.35	−0.014%	$7K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	269.47	+0.033%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.33	−0.021%	$1.1M	$10.8M	2.7x	as long as short
Nado BCH-PERP	+0.0009%	1h	269.15	−0.087%	$440K	$420K	10x	as long as short
OKX BCH-USDT-SWAPshort	+0.0015%	8h	269.20	−0.069%	$26.1M	$76.7M	50x
BingX BCH-USDC	+0.0024%	8h	269.30	−0.032%	—	$6.5M	—	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	269.29	−0.035%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.302%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0062%	8h	268.90	−0.180%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	269.30	−0.031%	$371K	$530K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.65	+0.098%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.22	−0.062%	$178K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.31	−0.028%	$164K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.24	−0.054%	$9.0M	$7.5M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	269.05	−0.124%	$19K	$292K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.09	−0.110%	$2K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]long	L +0.0334% / S −0.0451%	1h	269.39	long leg	$25K	—	100x