Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.002%

Price spread now: Binance against ApeX Omni−0.119%99s7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as 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−$410.411% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 4 days (all we have)+0.005%$0 · spread now −0.119%, 7d avg −0.055%

Together, before fees−0.132%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.064% cheaper against ApeX Omni than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.055%). Swap the legs. The two prices were read 99 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	265.21	0.0100	pay 0.0013% / 1h	3m 52s	$97K	$231K	50x
Short	Binance BCHUSDT	264.89	−0.0088	pay 0.0088% / 8h	4h 03m	$71.9M	$214.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.119%Rate

Funding earned: −$39.48
Price spread: −0.119% → −0.055%: −$6.39
Slippage, 4 orders: −$21.06
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$86.93
Costs to cover: 0.411%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 52 min ago; Binance: live order book, 10 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, 52 min ago	4.53 bp	11.9 bp −$12	87.1 bp −$871	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.19 bp	8.3 bp −$8	17.3 bp −$173	49.5 bp −$4,951	133.8 bp −$66.9K

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
SunX BCH-USDT	−0.0380%	8h	264.23	−0.370%	$1K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0295%	1h	264.75	−0.173%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0259%	8h	264.82	−0.147%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERP	−0.0256%	1h	264.35	−0.323%	$430K	$342K	10x	as long as short
HTX BCH-USDT	−0.0231%	8h	264.56	−0.245%	$772K	$1.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	264.58	−0.238%	$224K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0099%	8h	264.70	−0.192%	$25.3M	$75.4M	50x	as long as short
Binance BCHUSDTshort	−0.0088%	8h	264.89	−0.119%	$71.9M	$214.8M	75x
Extended BCH-USD	−0.0088%	1h	264.62	−0.223%	$112K	$956K	25x	as long as short
KuCoin BCHUSDTM	−0.0088%	8h	264.90	−0.117%	$8.5M	$7.0M	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	−0.0086%	8h	265.32	+0.041%	$70.4M	$7.9M	200x	as long as short
Bitget BCHUSDT	−0.0078%	8h	264.79	−0.158%	$18.9M	$28.1M	75x	as long as short
Variational Omni BCH	−0.0074%	8h	264.20	−0.379%	$81K	$197K	—	as long as short
GRVT BCH_USDT_Perp	−0.0060%	8h	265.18	−0.010%	$387K	$17K	10x	as long as short
Gate BCH_USDT	−0.0051%	8h	264.90	−0.117%	$8.3M	$13.7M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.73	−0.182%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.45	−0.286%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.03	−0.068%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.75	−0.173%	$443K	$331K	25x	as long as short
Bybit BCHUSDT	+0.0005%	8h	264.80	−0.155%	$39.0M	$31.1M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	265.01	−0.076%	$853K	$3.0M	50x	as long as short
BingX BCH-USDC	+0.0014%	8h	264.80	−0.155%	—	$6.5M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.882%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0033%	8h	264.46	−0.283%	$3.9M	$4.3M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0040%	8h	264.59	−0.234%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	264.34	−0.330%	$159K	$304K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.84	−0.140%	$357K	$489K	10x	as long as short
Aster BCHUSDT	+0.0096%	8h	264.74	−0.177%	$162K	$538K	75x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.15	−0.023%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.07	−0.052%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDTlong	+0.0100%	1h	265.21	long leg	$97K	$231K	50x
GMX BCH/USD [WBTC.b-USDC]	L +0.0350% / S −0.0506%	1h	264.77	−0.168%	$24K	—	100x	as long as short