Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0305%/8h= −33.3% APRpaid last 24h −0.054%

Price spread now: Orderly against GMX−0.086%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 Orderly

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 −$9 a day on $10k at the current rate, and Orderly is 0.086% cheaper against GMX than usual: you would sell low and buy high (−$9 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]	266.22	L +0.0333% / S −0.0451%	pay 0.0042% / 1h	48m 29s	$25K	—	100x
Short	Orderly PERP_BCH_USDC	265.99	0.0029	get 0.0029% / 8h	6h 48m	$2K	$176	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.086%Rate

Funding earned: −$63.96
Price spread: −0.086% → 0.000%: −$8.63
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$90.59
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

GMX and Orderly: 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	−0.0587%	1h	266.13	−0.036%	$450K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0497%	8h	266.16	−0.022%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0452%	1h	266.05	−0.064%	$2K	$6K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0299%	1h	266.33	+0.040%	$853K	$3.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0218%	8h	265.32	−0.338%	$387K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0189%	1h	265.54	−0.255%	$97K	$226K	50x	as long as short
Gate BCH_USDT	−0.0160%	8h	266.15	−0.026%	$8.4M	$13.2M	75x	as long as short
Variational Omni BCH	−0.0123%	8h	265.51	−0.267%	$81K	$285K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	266.10	−0.045%	$236K	$2.1M	50x	as long as short
Bybit BCHUSDT	−0.0088%	8h	265.83	−0.146%	$39.1M	$33.2M	75x	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	−0.0088%	1h	265.70	−0.194%	$112K	$966K	25x	as long as short
Binance BCHUSDT	−0.0085%	8h	265.84	−0.143%	$71.9M	$233.6M	75x	as long as short
MEXC BCH_USDT	−0.0085%	8h	266.35	+0.049%	$69.8M	$6.8M	200x	as long as short
HTX BCH-USDT	−0.0043%	8h	266.09	−0.049%	$778K	$1.6M	75x	as long as short
Bitget BCHUSDT	−0.0031%	8h	265.66	−0.210%	$19.1M	$29.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0029%	8h	265.80	−0.158%	$25.9M	$76.7M	50x	as long as short
Nado BCH-PERP	−0.0028%	1h	265.87	−0.131%	$435K	$425K	10x	as long as short
BingX BCH-USDT	−0.0020%	8h	266.03	−0.071%	—	$32.3M	—	as long as short
SunX BCH-USDT	−0.0019%	8h	265.92	−0.113%	$2K	$1.9M	30x	as long as short
dYdX BCH-USD	0.0000%	1h	266.20	−0.006%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.72	+0.188%	$1.1M	$11.0M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.28	+0.023%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDCshort	+0.0029%	8h	265.99	−0.086%	$2K	$176	10x
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.495%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0034%	8h	266.13	−0.034%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0040%	1h	266.00	−0.083%	$162K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0075%	8h	266.17	−0.019%	$8.6M	$7.6M	75x	as long as short
Lighter BCH	+0.0096%	1h	266.00	−0.083%	$366K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.98	−0.090%	$5.8M	$5.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.12	−0.037%	$170K	$688K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.13	−0.411%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]long	L +0.0333% / S −0.0451%	1h	266.22	long leg	$25K	—	100x