Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.004%

Price spread now: Aster against ApeX Omni−0.119%49s7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.415% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now −0.119%, 7d avg −0.025%

Together, before fees+0.049%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.094% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of −0.025%). If the spread goes back, that is −$9 on $10k: about 23 days of funding at the current rate ($0 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BCHUSDT	269.16	0.0086	pay 0.0011% / 1h	34m 43s	$73K	$214K	50x
Short	Aster BCHUSDT	268.84	0.0100	get 0.0100% / 8h	34m 43s	$216K	$709K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now −0.119%Rate

Funding earned: $2.87
Price spread: −0.119% → −0.025%: −$9.42
Slippage, 4 orders: −$23.47
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$48.02
Costs to cover: 0.415%
Break-even: 124.0 days

Slippage from ApeX Omni: live order book, 41 min ago; Aster: live order book, 43 min ago.

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 ApeX Omni live order book, 41 min ago	3.33 bp	11.1 bp −$11	105.6 bp −$1,056	doesn't fit	doesn't fit
Sell Aster live order book, 43 min ago	4.63 bp	9.6 bp −$10	21.1 bp −$211	doesn't fit	doesn't fit

BCH on 32 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
Deribit BCH_USDC-PERPETUAL	−0.0408%	1h	268.97	−0.070%	$454K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0156%	8h	268.98	−0.067%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0142%	8h	268.82	−0.127%	$82K	$294K	—	as long as short
SoDEX BCH-USD	−0.0132%	1h	268.83	−0.123%	$2K	$6K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0125%	1h	269.15	−0.005%	$829K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0084%	8h	268.80	−0.134%	$39.4M	$32.9M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+0.386%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	269.03	−0.048%	$236K	$2.1M	50x	as long as short
Extended BCH-USD	−0.0024%	1h	268.83	−0.123%	$116K	$652K	25x	as long as short
Binance BCHUSDT	−0.0021%	8h	268.91	−0.093%	$74.7M	$232.8M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0021%	8h	269.43	+0.100%	$70.5M	$6.7M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	269.14	−0.006%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.18	+0.007%	$1.3M	$12.0M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.06	−0.038%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0010%	8h	268.92	−0.089%	$8.4M	$14.5M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.84	−0.119%	$2K	$176	10x	as long as short
GRVT BCH_USDT_Perp	+0.0028%	8h	269.11	−0.017%	$392K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0034%	8h	268.82	−0.126%	$19.2M	$29.3M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0042%	8h	268.70	−0.171%	$26.3M	$77.9M	50x	as long as short
BingX BCH-USDT	+0.0043%	8h	268.90	−0.097%	—	$31.0M	—	as long as short
ApeX Omni BCHUSDTlong	+0.0086%	1h	269.16	long leg	$73K	$214K	50x
Lighter BCH	+0.0096%	1h	268.95	−0.078%	$371K	$555K	10x	as long as short
BloFin BCH-USDT	+0.0099%	8h	268.93	−0.085%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.66	−0.187%	$448K	$428K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.27	+0.041%	$6.0M	$4.3M	10x	as long as short
Aster BCHUSDTshort	+0.0100%	8h	268.84	−0.119%	$216K	$709K	75x
Pacifica BCH	+0.0100%	1h	268.93	−0.085%	$163K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.95	−0.078%	$9.2M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.98	−0.068%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.74	−0.156%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.80	−0.134%	$777K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0340%	1h	269.05	−0.042%	$27K	—	100x	as long as short