Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0591%/8h= −64.7% APRpaid last 24h +0.001%

Price spread now: SunX against ApeX Omni−0.015%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$990.989% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.010%−$1 · spread now −0.015%, 7d avg −0.079%

Together, before fees+0.005%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.064% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.015% now, against its 7-day average of −0.079%): +$6 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 9 hours.

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	265.37	−0.0175	get 0.0022% / 1h	27m 04s	$97K	$227K	50x
Short	SunX BCH-USDT	265.33	−0.0766	pay 0.0766% / 8h	6h 27m	$1K	$1.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$124.14
Price spread: −0.015% → −0.079%: $6.43
Slippage, 4 orders: −$80.87
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$216.58
Costs to cover: 0.989%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 39 min ago; SunX: live order book, 9 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, 39 min ago	7.08 bp	15.1 bp −$15	105.8 bp −$1,058	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	19.68 bp	28.9 bp −$29	doesn't fit	doesn't fit	doesn't fit

BCH on 31 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
SunX BCH-USDTshort	−0.0766%	8h	265.33	−0.015%	$1K	$1.9M	30x
SoDEX BCH-USD	−0.0518%	1h	265.35	−0.008%	$2K	$6K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0473%	1h	265.46	+0.036%	$449K	$255K	25x	as long as short
Phemex BCHUSDT	−0.0431%	8h	265.24	−0.049%	$4.9M	$6.6M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0299%	1h	265.56	+0.072%	$851K	$3.1M	50x	as long as short
HTX BCH-USDT	−0.0281%	8h	265.29	−0.030%	$778K	$1.6M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0177%	8h	265.28	−0.034%	$387K	$17K	10x	as long as short
ApeX Omni BCHUSDTlong	−0.0175%	1h	265.37	long leg	$97K	$227K	50x
Gate BCH_USDT	−0.0123%	8h	265.43	+0.023%	$8.4M	$13.5M	75x	as long as short
Variational Omni BCH	−0.0117%	8h	264.71	−0.249%	$81K	$253K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0112%	1h	265.07	−0.113%	$231K	$2.0M	50x	as long as short
Extended BCH-USD	−0.0096%	1h	265.23	−0.051%	$112K	$965K	25x	as long as short
Binance BCHUSDT	−0.0094%	8h	265.48	+0.041%	$71.9M	$234.7M	75x	as long as short
MEXC BCH_USDT	−0.0092%	8h	265.76	+0.147%	$70.1M	$7.0M	200x	as long as short
Bybit BCHUSDT	−0.0061%	8h	265.43	+0.023%	$39.2M	$33.1M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0045%	8h	265.50	+0.049%	$25.3M	$78.6M	50x	as long as short
Bitget BCHUSDT	−0.0040%	8h	265.33	−0.015%	$19.0M	$29.3M	75x	as long as short
Nado BCH-PERP	−0.0030%	1h	265.45	+0.030%	$421K	$386K	10x	as long as short
BingX BCH-USDC	−0.0025%	8h	265.50	+0.049%	—	$6.5M	—	as long as short
dYdX BCH-USD	0.0000%	1h	265.76	+0.148%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.87	+0.188%	$1.1M	$11.1M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.63	+0.098%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0032%	8h	265.39	+0.008%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.820%	$721	$130K	12x	as long as short
KuCoin BCHUSDTM	+0.0034%	8h	265.59	+0.083%	$8.6M	$7.5M	75x	as long as short
Pacifica BCH	+0.0040%	1h	265.49	+0.044%	$161K	$404K	10x	as long as short
Lighter BCH	+0.0096%	1h	265.37	−0.001%	$365K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.64	+0.102%	$5.7M	$5.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.47	+0.038%	$168K	$697K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.19	−0.068%	$19K	$290K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.64	+0.102%	$25K	—	100x	as long as short