Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0157%/8h= −17.2% APRpaid last 24h −0.002%

Price spread now: Bybit against ApeX Omni−0.458%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$480.476% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 3 days (all we have)+0.324%+$32 · spread now −0.458%, 7d avg −0.074%

Together, before fees+0.220%+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.383% cheaper against ApeX Omni than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of −0.074%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BCHUSDT	271.00	0.0100	pay 0.0013% / 1h	17m 13s	$73K	$213K	50x
Short	Bybit BCHUSDT	269.76	−0.0057	pay 0.0057% / 8h	1h 17m	$39.4M	$33.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.458%Rate

Funding earned: −$32.95
Price spread: −0.458% → −0.074%: −$38.34
Slippage, 4 orders: −$26.64
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$118.94
Costs to cover: 0.476%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 64 min ago; Bybit: live order book, 2 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, 64 min ago	4.28 bp	14.1 bp −$14	98.2 bp −$982	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.85 bp	9.8 bp −$10	17.0 bp −$170	72.2 bp −$7,218	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	−0.0730%	1h	270.05	−0.349%	$458K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0186%	8h	270.02	−0.362%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0155%	1h	269.97	−0.380%	$2K	$6K	10x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	−0.295%	$721	$130K	12x	as long as short
Variational Omni BCH	−0.0110%	8h	270.72	−0.105%	$83K	$294K	—	as long as short
Bybit BCHUSDTshort	−0.0057%	8h	269.76	−0.458%	$39.4M	$33.0M	75x
Extended BCH-USD	−0.0048%	1h	269.85	−0.423%	$117K	$653K	25x	as long as short
MEXC BCH_USDT	−0.0046%	8h	270.54	−0.170%	$70.9M	$6.6M	200x	as long as short
Binance BCHUSDT	−0.0046%	8h	269.96	−0.385%	$75.1M	$234.0M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	270.46	−0.198%	$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	270.60	−0.148%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.15	−0.313%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0003%	8h	270.13	−0.321%	$8.4M	$14.9M	75x	as long as short
Bitget BCHUSDT	+0.0013%	8h	269.92	−0.399%	$19.5M	$29.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	270.97	−0.011%	$243K	$2.1M	50x	as long as short
GRVT BCH_USDT_Perp	+0.0020%	8h	270.72	−0.102%	$395K	$17K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0024%	8h	269.95	−0.387%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAP	+0.0067%	8h	269.80	−0.443%	$26.4M	$78.2M	50x	as long as short
BloFin BCH-USDT	+0.0074%	8h	269.98	−0.376%	$4.0M	$4.2M	50x	as long as short
BingX BCH-USDC	+0.0076%	8h	269.98	−0.376%	—	$6.5M	—	as long as short
Lighter BCH	+0.0096%	1h	270.07	−0.344%	$378K	$587K	10x	as long as short
Nado BCH-PERP	+0.0097%	1h	270.09	−0.335%	$443K	$428K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.42	−0.214%	$6.0M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	270.08	−0.338%	$218K	$703K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.27	−0.269%	$164K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	270.11	−0.328%	$9.3M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.71	−0.107%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDTlong	+0.0100%	1h	271.00	long leg	$73K	$213K	50x
SunX BCH-USDT	+0.0100%	8h	269.80	−0.443%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.08	−0.339%	$777K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0113%	1h	270.28	−0.266%	$818K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0342% / S −0.0467%	1h	270.16	−0.310%	$26K	—	100x	as long as short