Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0192%/8h= −21.0% APRpaid last 24h +0.010%

Price spread now: KuCoin against ApeX Omni+0.113%67s7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as 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−$610.614% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)−0.148%−$15 · spread now +0.113%, 7d avg −0.033%

Together, before fees−0.164%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.146% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of −0.033%): +$15 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 7 days (−0.015% in total) that is about 2 months. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BCHUSDT	265.33	0.0100	pay 0.0013% / 1h	6m 19s	$95K	$239K	50x
Short	KuCoin BCHUSDTM	265.63	−0.0092	pay 0.0092% / 8h	1h 06m	$8.5M	$6.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$40.32
Price spread: +0.113% → −0.033%: $14.57
Slippage, 4 orders: −$39.39
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$87.15
Costs to cover: 0.614%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 35 min ago; KuCoin: 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, 35 min ago	4.53 bp	11.8 bp −$12	96.7 bp −$967	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	1.88 bp	17.7 bp −$18	57.2 bp −$572	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
SoDEX BCH-USD	−0.0343%	1h	265.28	−0.019%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0167%	8h	265.43	+0.038%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0149%	8h	265.58	+0.094%	$777K	$1.4M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0103%	1h	265.49	+0.060%	$863K	$2.9M	50x	as long as short
KuCoin BCHUSDTMshort	−0.0092%	8h	265.63	+0.113%	$8.5M	$6.6M	75x
Variational Omni BCH	−0.0090%	8h	265.10	−0.086%	$81K	$196K	—	as long as short
Bitget BCHUSDT	−0.0077%	8h	265.23	−0.038%	$18.9M	$28.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0069%	8h	265.20	−0.049%	$25.3M	$77.9M	50x	as long as short
Bybit BCHUSDT	−0.0069%	8h	265.38	+0.019%	$39.0M	$31.8M	75x	as long as short
Extended BCH-USD	−0.0048%	1h	265.14	−0.070%	$111K	$846K	25x	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	−0.0045%	8h	265.99	+0.249%	$71.0M	$8.8M	200x	as long as short
Binance BCHUSDT	−0.0044%	8h	265.47	+0.052%	$73.1M	$220.1M	75x	as long as short
BingX BCH-USDT	−0.0034%	8h	265.47	+0.053%	—	$32.9M	—	as long as short
GRVT BCH_USDT_Perp	−0.0026%	8h	265.34	+0.004%	$387K	$17K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0017%	1h	265.37	+0.015%	$442K	$337K	25x	as long as short
Nado BCH-PERP	−0.0007%	1h	265.57	+0.090%	$435K	$357K	10x	as long as short
Gate BCH_USDT	−0.0005%	8h	265.57	+0.090%	$8.4M	$13.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.63	+0.111%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.79	+0.172%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.69	+0.136%	$987K	$10.5M	2.7x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	265.90	+0.215%	$225K	$1.9M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.835%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	265.48	+0.057%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0052%	8h	265.53	+0.075%	$138K	$590K	75x	as long as short
BloFin BCH-USDT	+0.0075%	8h	265.63	+0.113%	$4.0M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	265.38	+0.018%	$353K	$496K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.78	+0.170%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.64	+0.118%	$159K	$311K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.23	−0.039%	$19K	$344K	20x	as long as short
ApeX Omni BCHUSDTlong	+0.0100%	1h	265.33	long leg	$95K	$239K	50x
SunX BCH-USDT	+0.0100%	8h	265.36	+0.011%	$1K	$1.7M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.84	+0.192%	$12K	—	100x	as long as short