Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.069%

Price spread now: GMX against BingX−0.057%7-day average — · you buy dearer than you sell

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

Long on BingX 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 against this trade now: funding costs −$1 a day on $10k at the current rate, and GMX is 0.057% cheaper against BingX than usual: you would sell low and buy high (−$6 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	BingX CHZ-USDT	0.01585	0.0100	pay 0.0100% / 8h	2h 31m	—	$2.4M	—
Short	GMX CHZ/USD [ETH-USDC]	0.01584	L +0.0281% / S −0.0077%	get 0.0010% / 1h	31m 22s	$6K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$4.87
Price spread: −0.057% → 0.000%: −$5.68
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$32.55
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BingX: 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 BingX live order book, 3 min ago	6.32 bp	15.9 bp −$16	35.3 bp −$353	312.5 bp −$31.3K	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.

CHZ on 19 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
Kraken Futures PF_CHZUSD	−0.0180%	1h	0.01584	−0.041%	$70K	$69K	25x	as long as short
dYdX CHZ-USD	0.0000%	1h	0.01586	+0.079%	$3K	$652	5x	as long as short
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−0.694%	$1K	$7	5.5x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01585	−0.015%	$21K	$22K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01584	−0.063%	$6.8M	$12.7M	75x	as long as short
Bybit CHZUSDT	+0.0100%	8h	0.01582	−0.189%	$4.0M	$1.4M	75x	as long as short
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01584	−0.063%	$1.5M	$3.1M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01586	+0.063%	$322K	$345K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01584	−0.063%	$4.3M	$1.0M	200x	as long as short
KuCoin CHZUSDTM	+0.0100%	8h	0.01585	0.000%	$715K	$153K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CHZUSDT	+0.0100%	8h	0.01586	+0.063%	$3.8M	$784K	75x	as long as short
BingX CHZ-USDTlong	+0.0100%	8h	0.01585	long leg	—	$2.4M	—
Variational Omni CHZ	+0.0100%	8h	0.01586	+0.079%	$4K	$4K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01587	+0.126%	$45K	$675K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01585	0.000%	$291	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01583	−0.126%	$52K	$83K	20x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01584	−0.089%	$4K	$279K	10x	as long as short
BloFin CHZ-USDT	+0.0129%	8h	0.01588	+0.189%	$330K	$26K	75x	as long as short
GMX CHZ/USD [ETH-USDC]short	L +0.0281% / S −0.0077%	1h	0.01584	−0.057%	$6K	—	50x