Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.097%

Price spread now: GMX against OKX−0.062%7-day average — · you buy dearer than you sell

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

Long on OKX 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 −$2 a day on $10k at the current rate, and GMX is 0.062% cheaper against OKX 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	OKX CHZ-USDT-SWAP	0.01610	0.0100	pay 0.0100% / 8h	46m 24s	$1.6M	$3.2M	50x
Short	GMX CHZ/USD [ETH-USDC]	0.01609	L +0.0380% / S −0.0050%	get 0.0006% / 1h	46m 24s	$8K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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 OKXbpFee GMXbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$10.53
Price spread: −0.062% → 0.000%: −$6.21
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$38.74
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	3.11 bp	17.0 bp −$17	81.3 bp −$813	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.

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	−0.1132%	1h	0.01608	−0.110%	$2K	$5	5x	as long as short
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−2.236%	$1K	$7	5.5x	as long as short
Aster CHZUSDT	+0.0100%	8h	0.01609	−0.061%	$21K	$6K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01609	−0.060%	$6.9M	$11.9M	75x	as long as short
Bybit CHZUSDT	+0.0100%	8h	0.01606	−0.248%	$4.0M	$1.4M	75x	as long as short
OKX CHZ-USDT-SWAPlong	+0.0100%	8h	0.01610	long leg	$1.6M	$3.2M	50x
Gate CHZ_USDT	+0.0100%	8h	0.01608	−0.124%	$315K	$312K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01609	−0.062%	$4.4M	$915K	200x	as long as short
KuCoin CHZUSDTM	+0.0100%	8h	0.01609	−0.062%	$700K	$136K	50x	as long as short
Bitget CHZUSDT	+0.0100%	8h	0.01608	−0.124%	$3.8M	$774K	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	0.01609	−0.062%	—	$2.4M	—	as long as short
Variational Omni CHZ	+0.0100%	8h	0.01606	−0.230%	$4K	$4K	—	as long as short
ApeX Omni CHZUSDT	+0.0100%	1h	0.01608	−0.124%	$45K	$673K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01608	−0.124%	$301	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01608	−0.124%	$53K	$84K	20x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01609	−0.056%	$2K	$273K	10x	as long as short
BloFin CHZ-USDT	+0.0117%	8h	0.01610	0.000%	$327K	$27K	75x	as long as short
Kraken Futures PF_CHZUSD	+0.0379%	1h	0.01609	−0.085%	$78K	$50K	25x	as long as short
GMX CHZ/USD [ETH-USDC]short	L +0.0380% / S −0.0050%	1h	0.01609	−0.062%	$8K	—	50x