Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1104%/8h= +120.9% APRpaid last 24h +0.039%

Price spread now: Bybit against dYdX−0.434%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Bybit is 0.434% cheaper against dYdX than usual: you would sell low and buy high (spread −0.434% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$43 on $10k: about 31 hours of funding at the current rate (+$33 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX CHZ-USD	0.01602	−0.1004	get 0.0125% / 1h	25m 35s	$2K	$5	5x
Short	Bybit CHZUSDT	0.01595	0.0100	get 0.0100% / 8h	25m 35s	$4.0M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against dYdX. 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 dYdXbpFee BybitbpOrdersPrice spread, now −0.434%Rate

Funding earned: $231.84
Price spread: −0.434% → 0.000%: −$43.42
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $167.42
Costs to cover: 0.210%
Break-even: 1.9 days

Slippage unknown: dYdX: no order-book sample; Bybit: live order book, 2 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 dYdX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	3.13 bp	31.2 bp −$31	143.5 bp −$1,435	doesn't fit	doesn't fit

dYdX: 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
dYdX CHZ-USDlong	−0.1004%	1h	0.01602	long leg	$2K	$5	5x
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−1.745%	$1K	$7	5.5x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01598	−0.264%	$21K	$6K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01598	−0.233%	$6.8M	$12.0M	75x	as long as short
Bybit CHZUSDTshort	+0.0100%	8h	0.01595	−0.434%	$4.0M	$1.4M	75x
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01596	−0.372%	$1.6M	$3.2M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01597	−0.309%	$313K	$313K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01597	−0.309%	$4.4M	$917K	200x	as long as short
KuCoin CHZUSDTM	+0.0100%	8h	0.01598	−0.247%	$682K	$139K	50x	as long as short
Bitget CHZUSDT	+0.0100%	8h	0.01596	−0.372%	$3.8M	$776K	75x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CHZ-USDT	+0.0100%	8h	0.01597	−0.309%	—	$2.4M	—	as long as short
Variational Omni CHZ	+0.0100%	8h	0.01597	−0.290%	$4K	$4K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01602	+0.003%	$45K	$674K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01599	−0.185%	$299	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01597	−0.309%	$53K	$84K	20x	as long as short
BloFin CHZ-USDT	+0.0102%	8h	0.01602	+0.003%	$328K	$27K	75x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01597	−0.318%	$2K	$273K	10x	as long as short
Kraken Futures PF_CHZUSD	+0.0382%	1h	0.01598	−0.257%	$77K	$51K	25x	as long as short
GMX CHZ/USD [ETH-USDC]	L +0.0390% / S −0.0071%	1h	0.01599	−0.203%	$8K	—	50x	as long as short