Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0361%/8h= −39.5% APRpaid last 24h +0.453%

Price spread now: Bitget against GMX−0.211%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 Bitget

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 −$11 a day on $10k at the current rate, and Bitget is 0.211% cheaper against GMX than usual: you would sell low and buy high (−$21 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 CHZ/USD [ETH-USDC]	0.01613	L +0.0461% / S −0.0203%	pay 0.0058% / 1h	20m 51s	$8K	—	50x
Short	Bitget CHZUSDT	0.01610	0.0100	get 0.0100% / 8h	6h 20m	$3.8M	$830K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.211%Rate

Funding earned: −$75.8
Price spread: −0.211% → 0.000%: −$21.07
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$120.87
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bitget: 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 GMX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	3.10 bp	21.7 bp −$22	37.6 bp −$376	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.

CHZ on 18 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-USD	0.0000%	1h	0.01615	+0.081%	$3K	$652	5x	as long as short
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−2.442%	$1K	$7	5.5x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01613	−0.027%	$21K	$20K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01612	−0.087%	$6.9M	$12.8M	75x	as long as short
Bybit CHZUSDT	+0.0100%	8h	0.01612	−0.087%	$4.1M	$1.5M	75x	as long as short
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01611	−0.149%	$1.6M	$3.2M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01613	−0.025%	$327K	$335K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01612	−0.087%	$4.5M	$932K	200x	as long as short
KuCoin CHZUSDTM	+0.0100%	8h	0.01612	−0.087%	$724K	$156K	50x	as long as short
Bitget CHZUSDTshort	+0.0100%	8h	0.01610	−0.211%	$3.8M	$830K	75x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CHZ-USDT	+0.0100%	8h	0.01612	−0.087%	—	$2.4M	—	as long as short
Variational Omni CHZ	+0.0100%	8h	0.01610	−0.198%	$4K	$4K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01612	−0.087%	$45K	$667K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01613	−0.025%	$290	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01613	−0.025%	$53K	$84K	20x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01612	−0.114%	$6K	$360K	10x	as long as short
GMX CHZ/USD [ETH-USDC]long	L +0.0461% / S −0.0203%	1h	0.01613	long leg	$8K	—	50x
Kraken Futures PF_CHZUSD	+0.0639%	1h	0.01612	−0.086%	$75K	$61K	25x	as long as short