Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0214%/8h= +23.4% APRpaid last 24h −0.006%

Price spread now: Orderly against ApeX Omni−0.271%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.271% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.271% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 4.2 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BCHUSDT	269.15	−0.0184	get 0.0023% / 1h	17m 17s	$73K	$215K	50x
Short	Orderly PERP_BCH_USDC	268.42	0.0029	get 0.0029% / 8h	7h 17m	$2K	$176	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.271%Rate

Funding earned: $44.86
Price spread: −0.271% → 0.000%: −$27.12
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $1.74
Costs to cover: 0.160%
Break-even: 6.7 days

Slippage unknown: ApeX Omni: live order book, 54 min ago; Orderly: no order-book sample. Net counts fees only.

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, 54 min ago	4.51 bp	12.5 bp −$13	103.5 bp −$1,035	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0647%	1h	268.53	−0.231%	$454K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0564%	1h	268.45	−0.260%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0499%	8h	268.50	−0.242%	$4.9M	$6.5M	50x	as long as short
Gate BCH_USDT	−0.0196%	8h	268.44	−0.264%	$8.4M	$14.3M	75x	as long as short
ApeX Omni BCHUSDTlong	−0.0184%	1h	269.15	long leg	$73K	$215K	50x
GRVT BCH_USDT_Perp	−0.0179%	8h	269.07	−0.029%	$392K	$17K	10x	as long as short
Variational Omni BCH	−0.0129%	8h	269.11	−0.016%	$82K	$285K	—	as long as short
Bybit BCHUSDT	−0.0097%	8h	268.68	−0.175%	$39.7M	$32.5M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	268.34	−0.300%	$116K	$961K	25x	as long as short
Binance BCHUSDT	−0.0070%	8h	268.58	−0.212%	$72.8M	$229.4M	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	−0.0068%	8h	268.97	−0.067%	$70.5M	$6.7M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	268.56	−0.219%	$230K	$2.0M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	268.76	−0.145%	$856K	$3.1M	50x	as long as short
Bitget BCHUSDT	−0.0023%	8h	268.35	−0.297%	$19.2M	$29.1M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0003% / S +0.0007%	1h	268.65	−0.185%	$7K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	268.71	−0.165%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.94	−0.078%	$1.1M	$10.9M	2.7x	as long as short
OKX BCH-USDT-SWAP	+0.0008%	8h	268.40	−0.279%	$26.1M	$76.2M	50x	as long as short
BingX BCH-USDC	+0.0013%	8h	268.44	−0.264%	—	$6.5M	—	as long as short
Nado BCH-PERP	+0.0019%	1h	268.44	−0.263%	$439K	$419K	10x	as long as short
Orderly PERP_BCH_USDCshort	+0.0029%	8h	268.42	−0.271%	$2K	$176	10x
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.390%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0050%	8h	268.56	−0.219%	$3.9M	$4.2M	50x	as long as short
HTX BCH-USDT	+0.0059%	8h	268.43	−0.268%	$780K	$1.6M	75x	as long as short
Lighter BCH	+0.0096%	1h	268.56	−0.219%	$370K	$530K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.97	−0.067%	$6.6M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.46	−0.256%	$177K	$658K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.57	−0.215%	$163K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.46	−0.256%	$8.8M	$7.7M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	269.14	−0.003%	$19K	$291K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.19	−0.357%	$2K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0451%	1h	268.60	−0.204%	$25K	—	100x	as long as short