Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h +0.306%

Price spread now: HTX against GMX−0.189%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 HTX

What this pair did over the last

the charts below follow

Funding, last 4 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 −$6 a day on $10k at the current rate, and HTX is 0.189% cheaper against GMX than usual: you would sell low and buy high (−$19 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]	0.01588	L +0.0310% / S −0.0115%	pay 0.0039% / 1h	21m 11s	$6K	—	50x
Short	HTX CHZ-USDT	0.01585	0.0100	get 0.0100% / 8h	7h 21m	$52K	$83K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.189%Rate

Funding earned: −$44.19
Price spread: −0.189% → 0.000%: −$18.89
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$87.08
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; HTX: 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 GMX no order-book sample	—	—	—	—	—
Sell HTX no order-book sample	—	—	—	—	—

GMX and HTX: 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-USD	0.0000%	1h	0.01584	−0.223%	$3K	$653	5x	as long as short
Kraken Futures PF_CHZUSD	+0.0021%	1h	0.01588	−0.010%	$70K	$77K	25x	as long as short
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−0.882%	$1K	$7	5.5x	as long as short
BloFin CHZ-USDT	+0.0087%	8h	0.01584	−0.252%	$333K	$25K	75x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01588	0.000%	$20K	$25K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01588	+0.006%	$6.8M	$12.6M	75x	as long as short
Bybit CHZUSDT	+0.0100%	8h	0.01586	−0.126%	$4.1M	$1.3M	75x	as long as short
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01588	0.000%	$1.6M	$3.0M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01584	−0.252%	$322K	$331K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01587	−0.063%	$4.7M	$1.1M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CHZUSDTM	+0.0100%	8h	0.01584	−0.252%	$756K	$169K	50x	as long as short
Bitget CHZUSDT	+0.0100%	8h	0.01587	−0.063%	$3.8M	$748K	75x	as long as short
BingX CHZ-USDT	+0.0100%	8h	0.01585	−0.189%	—	$2.4M	—	as long as short
Variational Omni CHZ	+0.0100%	8h	0.01569	−1.184%	$3K	$5K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01581	−0.441%	$46K	$675K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01588	0.000%	$299	$6K	5x	as long as short
HTX CHZ-USDTshort	+0.0100%	8h	0.01585	−0.189%	$52K	$83K	20x
Extended CHZ-USD	+0.0104%	1h	0.01586	−0.095%	$2K	$278K	10x	as long as short
GMX CHZ/USD [ETH-USDC]long	L +0.0310% / S −0.0115%	1h	0.01588	long leg	$6K	—	50x