Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h +0.004%

Price spread now: BingX against ApeX Omni+0.045%68s7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as 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−$440.443% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 3 days (all we have)−0.148%−$15 · spread now +0.045%, 7d avg −0.048%

Together, before fees−0.190%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.093% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.048%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.2 days. At the pace of the last 7 days (−0.042% in total) that is about 16 days. The two prices were read 68 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	268.81	0.0100	pay 0.0013% / 1h	30m 15s	$73K	$214K	50x
Short	BingX BCH-USDC	268.93	0.0040	get 0.0040% / 8h	30m 15s	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$12.6
Price spread: +0.045% → −0.048%: $9.28
Slippage, 4 orders: −$24.34
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$47.66
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 46 min ago; BingX: live order book, 5 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, 46 min ago	3.33 bp	11.1 bp −$11	105.6 bp −$1,056	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	1.49 bp	12.2 bp −$12	30.6 bp −$306	113.7 bp −$11.4K	463.4 bp −$231.7K

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	−0.0352%	1h	269.00	+0.069%	$454K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0148%	8h	269.04	+0.086%	$4.9M	$6.4M	50x	as long as short
Variational Omni BCH	−0.0142%	8h	268.92	+0.041%	$82K	$294K	—	as long as short
SoDEX BCH-USD	−0.0136%	1h	268.85	+0.015%	$2K	$6K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0125%	1h	269.15	+0.128%	$829K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0091%	8h	268.75	−0.022%	$39.4M	$32.5M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+0.517%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	268.97	+0.060%	$233K	$2.0M	50x	as long as short
MEXC BCH_USDT	−0.0020%	8h	269.45	+0.238%	$70.5M	$6.7M	200x	as long as short
Binance BCHUSDT	−0.0019%	8h	268.92	+0.040%	$74.4M	$229.5M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0016%	1h	268.74	−0.025%	$116K	$652K	25x	as long as short
dYdX BCH-USD	0.0000%	1h	269.15	+0.128%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.17	+0.134%	$1.3M	$11.5M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.05	+0.091%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0007%	8h	268.93	+0.045%	$8.4M	$14.5M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.89	+0.030%	$2K	$176	10x	as long as short
GRVT BCH_USDT_Perp	+0.0030%	8h	268.79	−0.006%	$392K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0031%	8h	268.84	+0.011%	$19.1M	$29.2M	75x	as long as short
BingX BCH-USDCshort	+0.0040%	8h	268.93	+0.045%	—	$6.5M	—
OKX BCH-USDT-SWAP	+0.0041%	8h	268.80	−0.004%	$26.3M	$77.6M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.95	+0.051%	$371K	$556K	10x	as long as short
BloFin BCH-USDT	+0.0100%	8h	269.01	+0.074%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.87	+0.023%	$444K	$425K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.41	+0.223%	$6.0M	$4.3M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.94	+0.047%	$214K	$671K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.95	+0.052%	$163K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.00	+0.071%	$9.2M	$7.7M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.75	−0.024%	$19K	$291K	20x	as long as short
ApeX Omni BCHUSDTlong	+0.0100%	1h	268.81	long leg	$73K	$214K	50x
SunX BCH-USDT	+0.0100%	8h	268.91	+0.037%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.65	−0.060%	$777K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0340%	1h	269.03	+0.082%	$27K	—	100x	as long as short