Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0552%/8h= −60.5% APRpaid last 24h −0.056%

Price spread now: SunX against GMX−0.089%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 SunX

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 −$17 a day on $10k at the current rate, and SunX is 0.089% 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]	264.29	L +0.0358% / S −0.0530%	pay 0.0045% / 1h	24m 01s	$25K	—	100x
Short	SunX BCH-USDT	264.05	−0.0194	pay 0.0194% / 8h	3h 24m	$1K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$115.99
Price spread: −0.089% → 0.000%: −$8.91
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$144.9
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; SunX: live order book, 11 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 SunX live order book, 11 min ago	19.61 bp	28.9 bp −$29	doesn't fit	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	−0.0276%	1h	264.10	−0.070%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0240%	8h	264.30	+0.005%	$771K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0237%	8h	264.10	−0.070%	$4.9M	$6.4M	50x	as long as short
SunX BCH-USDTshort	−0.0194%	8h	264.05	−0.089%	$1K	$1.7M	30x
Nado BCH-PERP	−0.0192%	1h	264.15	−0.051%	$429K	$346K	10x	as long as short
KuCoin BCHUSDTM	−0.0096%	8h	264.21	−0.029%	$8.5M	$6.9M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0090%	8h	264.20	−0.032%	$25.0M	$76.0M	50x	as long as short
Bitget BCHUSDT	−0.0083%	8h	264.10	−0.070%	$18.9M	$28.3M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	264.05	−0.090%	$113K	$956K	25x	as long as short
Binance BCHUSDT	−0.0070%	8h	264.21	−0.029%	$71.7M	$215.6M	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	−0.0069%	8h	264.68	+0.149%	$70.0M	$7.9M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	264.72	+0.164%	$218K	$1.8M	50x	as long as short
Variational Omni BCH	−0.0063%	8h	264.40	+0.044%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	264.35	+0.024%	$848K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0040%	8h	265.30	+0.384%	$387K	$17K	10x	as long as short
Gate BCH_USDT	−0.0038%	8h	264.33	+0.017%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.33	+0.016%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.59	+0.116%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.62	+0.127%	$994K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.28	−0.001%	$442K	$332K	25x	as long as short
BingX BCH-USDT	+0.0017%	8h	264.21	−0.029%	—	$32.9M	—	as long as short
Bybit BCHUSDT	+0.0018%	8h	264.12	−0.063%	$38.9M	$31.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.238%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.09	−0.074%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0051%	8h	264.48	+0.074%	$3.9M	$4.3M	50x	as long as short
Aster BCHUSDT	+0.0083%	8h	264.39	+0.040%	$150K	$546K	75x	as long as short
Lighter BCH	+0.0096%	1h	264.18	−0.039%	$355K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.50	+0.081%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.37	+0.031%	$159K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.74	+0.171%	$18K	$321K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.80	+0.195%	$96K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]long	L +0.0358% / S −0.0530%	1h	264.29	long leg	$25K	—	100x