Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0618%/8h= +67.6% APRpaid last 24h +0.063%

Price spread now: GMX against KuCoin+0.086%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on GMX

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 for this trade now. Funding pays +$19 a day on $10k at the current rate, and GMX is 0.086% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BCHUSDTM	265.55	−0.0088	get 0.0088% / 8h	3h 45m	$8.5M	$6.9M	75x
Short	GMX BCH/USD [WBTC.b-USDC]	265.78	L +0.0359% / S −0.0530%	get 0.0066% / 1h	45m 32s	$25K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.086%Rate

Funding earned: $129.7
Price spread: +0.086% → 0.000%: $8.6
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $114.29
Costs to cover: 0.240%
Break-even: 0.8 days

Slippage unknown: KuCoin: live order book, 3 min ago; GMX: 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 KuCoin live order book, 3 min ago	2.44 bp	18.1 bp −$18	51.7 bp −$517	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.0268%	8h	265.64	+0.034%	$5.0M	$6.4M	50x	as long as short
SunX BCH-USDT	−0.0266%	8h	265.54	−0.004%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0231%	8h	265.60	+0.019%	$775K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0192%	1h	265.28	−0.103%	$428K	$345K	10x	as long as short
SoDEX BCH-USD	−0.0151%	1h	265.67	+0.045%	$2K	$8K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0100%	8h	265.40	−0.056%	$25.2M	$76.4M	50x	as long as short
KuCoin BCHUSDTMlong	−0.0088%	8h	265.55	long leg	$8.5M	$6.9M	75x
Extended BCH-USD	−0.0080%	1h	265.29	−0.099%	$112K	$958K	25x	as long as short
Binance BCHUSDT	−0.0079%	8h	265.39	−0.060%	$72.1M	$215.5M	75x	as long as short
MEXC BCH_USDT	−0.0079%	8h	265.89	+0.128%	$70.4M	$7.9M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BCHUSDT	−0.0076%	8h	265.59	+0.015%	$19.0M	$28.2M	75x	as long as short
Variational Omni BCH	−0.0068%	8h	265.60	+0.020%	$81K	$196K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	265.45	−0.038%	$217K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0054%	8h	265.07	−0.182%	$386K	$17K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	265.93	+0.142%	$853K	$3.0M	50x	as long as short
Gate BCH_USDT	−0.0042%	8h	265.55	0.000%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.83	+0.105%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.69	+0.054%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.95	+0.151%	$1.0M	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.80	+0.095%	$444K	$332K	25x	as long as short
Bybit BCHUSDT	+0.0006%	8h	265.40	−0.056%	$39.2M	$31.2M	75x	as long as short
BingX BCH-USDT	+0.0007%	8h	265.46	−0.034%	—	$32.9M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.751%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0039%	8h	265.53	−0.008%	$3.9M	$4.3M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0044%	8h	265.63	+0.030%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0089%	8h	265.52	−0.011%	$154K	$545K	75x	as long as short
Lighter BCH	+0.0096%	1h	265.44	−0.040%	$358K	$488K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.68	+0.049%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.45	−0.038%	$160K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.69	+0.054%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.98	+0.162%	$97K	$233K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]short	L +0.0359% / S −0.0530%	1h	265.78	+0.086%	$25K	—	100x