Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h +0.004%

Price spread now: Bitget against ApeX Omni+0.004%7-day average −0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.004%, 7d avg −0.067%

Together, before fees−0.219%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.071% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −0.067%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BCHUSDT	270.41	0.0100	pay 0.0013% / 1h	59m 26s	$73K	$214K	50x
Short	Bitget BCHUSDT	270.42	0.0031	get 0.0031% / 8h	59m 26s	$19.6M	$29.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$14.49
Price spread: +0.004% → −0.067%: $7.09
Slippage, 4 orders: −$18.12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.52
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 17 min ago; Bitget: live order book, 4 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, 17 min ago	3.33 bp	11.1 bp −$11	105.6 bp −$1,056	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.19 bp	9.2 bp −$9	15.8 bp −$158	37.9 bp −$3,790	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	−0.0289%	1h	270.69	+0.103%	$459K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0191%	8h	270.59	+0.067%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0159%	1h	270.59	+0.067%	$2K	$6K	10x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	−0.078%	$721	$130K	12x	as long as short
Variational Omni BCH	−0.0127%	8h	270.01	−0.147%	$83K	$294K	—	as long as short
Bybit BCHUSDT	−0.0073%	8h	270.50	+0.033%	$39.6M	$33.1M	75x	as long as short
Extended BCH-USD	−0.0040%	1h	270.24	−0.061%	$116K	$653K	25x	as long as short
MEXC BCH_USDT	−0.0036%	8h	270.99	+0.214%	$71.0M	$6.6M	200x	as long as short
Binance BCHUSDT	−0.0034%	8h	270.58	+0.063%	$75.3M	$234.7M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	270.85	+0.162%	$5K	$248	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXBCHPERP	0.0000%	8h	270.87	+0.170%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.65	+0.090%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0009%	8h	270.58	+0.063%	$8.4M	$14.3M	75x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	270.70	+0.107%	$241K	$2.1M	50x	as long as short
GRVT BCH_USDT_Perp	+0.0020%	8h	270.20	−0.079%	$394K	$17K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0024%	8h	270.56	+0.055%	$2K	$176	10x	as long as short
Bitget BCHUSDTshort	+0.0031%	8h	270.42	+0.004%	$19.6M	$29.6M	75x
OKX BCH-USDT-SWAP	+0.0055%	8h	270.50	+0.033%	$26.6M	$79.0M	50x	as long as short
BingX BCH-USDC	+0.0060%	8h	270.51	+0.037%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0083%	8h	270.38	−0.011%	$4.0M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	270.58	+0.065%	$379K	$550K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	270.25	−0.059%	$442K	$429K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.83	+0.154%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	270.52	+0.040%	$218K	$704K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.52	+0.043%	$164K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	270.58	+0.063%	$9.3M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.31	−0.036%	$19K	$291K	20x	as long as short
ApeX Omni BCHUSDTlong	+0.0100%	1h	270.41	long leg	$73K	$214K	50x
SunX BCH-USDT	+0.0100%	8h	270.33	−0.030%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.55	+0.052%	$778K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0112%	1h	270.87	+0.169%	$820K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0335% / S −0.0340%	1h	270.69	+0.103%	$27K	—	100x	as long as short