Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.095%

Price spread now: Deribit against Aster−0.037%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.306%−$31 on $10k

Price spread, last 4 days (all we have)−0.210%−$21 · spread now −0.037%, 7d avg −0.005%

Together, before fees−0.517%+ Points / potential airdropAster: Stage 5 · farm board−$52 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.031% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BCHUSDT	265.25	0.0100	pay 0.0100% / 8h	4h 54m	$168K	$519K	75x
Short	Deribit BCH_USDC-PERPETUAL	265.15	0	get 0.0000% / 1h	54m 30s	$444K	$331K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aster. 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 AsterbpFee DeribitbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$21
Price spread: −0.037% → −0.005%: −$3.14
Slippage, 4 orders: −$22.2
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$61.33
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Deribit: 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 Aster live order book, 3 min ago	5.86 bp	10.1 bp −$10	24.6 bp −$246	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	3.66 bp	7.7 bp −$8	15.1 bp −$151	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
SunX BCH-USDT	−0.0881%	8h	264.60	−0.245%	$2K	$1.7M	30x	as long as short
ApeX Omni BCHUSDT	−0.0625%	1h	264.10	−0.433%	$96K	$228K	50x	as long as short
HTX BCH-USDT	−0.0352%	8h	264.88	−0.139%	$772K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0333%	8h	265.02	−0.086%	$4.9M	$6.4M	50x	as long as short
SoDEX BCH-USD	−0.0248%	1h	264.95	−0.113%	$2K	$8K	10x	as long as short
Nado BCH-PERP	−0.0197%	1h	264.95	−0.113%	$421K	$339K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0122%	8h	264.00	−0.471%	$385K	$17K	10x	as long as short
Extended BCH-USD	−0.0104%	1h	264.75	−0.188%	$112K	$952K	25x	as long as short
MEXC BCH_USDT	−0.0104%	8h	265.40	+0.057%	$70.0M	$7.2M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.07	−0.068%	$221K	$1.8M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0104%	8h	264.87	−0.142%	$72.1M	$213.4M	75x	as long as short
Gate BCH_USDT	−0.0092%	8h	265.03	−0.083%	$8.3M	$13.3M	75x	as long as short
Variational Omni BCH	−0.0092%	8h	265.11	−0.054%	$81K	$201K	—	as long as short
OKX BCH-USDT-SWAP	−0.0084%	8h	264.70	−0.207%	$25.0M	$74.1M	50x	as long as short
KuCoin BCHUSDTM	−0.0077%	8h	265.07	−0.068%	$8.5M	$7.1M	75x	as long as short
Bitget BCHUSDT	−0.0072%	8h	264.86	−0.147%	$19.0M	$28.1M	75x	as long as short
BingX BCH-USDC	−0.0039%	8h	264.95	−0.113%	—	$6.5M	—	as long as short
Bybit BCHUSDT	−0.0031%	8h	264.87	−0.143%	$39.2M	$30.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.04	−0.077%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.22	−0.009%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.42	+0.064%	$1.1M	$10.2M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALshort	0.0000%	1h	265.15	−0.037%	$444K	$331K	25x
Kraken Futures PF_BCHUSD	+0.0011%	1h	265.20	−0.020%	$850K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0016%	8h	265.03	−0.083%	$4.0M	$4.2M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.866%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	264.98	−0.102%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	265.01	−0.090%	$161K	$321K	10x	as long as short
Lighter BCH	+0.0096%	1h	265.02	−0.088%	$363K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.20	−0.019%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDTlong	+0.0100%	8h	265.25	long leg	$168K	$519K	75x
edgeX BCHUSDC	+0.0100%	4h	264.02	−0.464%	$19K	$289K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0356% / S −0.0525%	1h	265.07	−0.066%	$25K	—	100x	as long as short