Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h +0.002%

Price spread now: ApeX Omni against Binance+0.182%89s7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as 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−$380.376% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 3 days (all we have)−0.094%−$9 · spread now +0.182%, 7d avg +0.056%

Together, before fees+0.054%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and ApeX Omni is 0.126% dearer against Binance than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.056%. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BCHUSDT	269.87	−0.0046	get 0.0046% / 8h	1h 12m	$75.1M	$234.2M	75x
Short	ApeX Omni BCHUSDT	270.36	0.0100	get 0.0013% / 1h	12m 05s	$73K	$213K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.182%Rate

Funding earned: $30.6
Price spread: +0.182% → +0.056%: $12.59
Slippage, 4 orders: −$17.64
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $5.54
Costs to cover: 0.376%
Break-even: 5.7 days

Slippage from Binance: live order book, 1 min ago; ApeX Omni: 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 Binance live order book, 1 min ago	0.19 bp	8.7 bp −$9	17.1 bp −$171	45.5 bp −$4,548	doesn't fit
Sell ApeX Omni live order book, 4 min ago	3.33 bp	11.3 bp −$11	88.4 bp −$884	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
Deribit BCH_USDC-PERPETUAL	−0.0482%	1h	270.17	+0.110%	$458K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0191%	8h	270.08	+0.078%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0170%	1h	270.01	+0.052%	$2K	$6K	10x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	+0.122%	$721	$130K	12x	as long as short
Variational Omni BCH	−0.0115%	8h	269.72	−0.057%	$83K	$294K	—	as long as short
Bybit BCHUSDT	−0.0067%	8h	269.80	−0.026%	$39.4M	$33.0M	75x	as long as short
Extended BCH-USD	−0.0048%	1h	269.94	+0.025%	$117K	$653K	25x	as long as short
Binance BCHUSDTlong	−0.0046%	8h	269.87	long leg	$75.1M	$234.2M	75x
MEXC BCH_USDT	−0.0045%	8h	270.59	+0.267%	$70.9M	$6.6M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	270.30	+0.160%	$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	270.45	+0.215%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.25	+0.140%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0005%	8h	270.07	+0.074%	$8.4M	$14.9M	75x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	270.97	+0.408%	$243K	$2.1M	50x	as long as short
GRVT BCH_USDT_Perp	+0.0018%	8h	270.08	+0.077%	$394K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0019%	8h	270.09	+0.082%	$19.5M	$29.4M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0024%	8h	270.05	+0.067%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAP	+0.0060%	8h	269.80	−0.026%	$26.4M	$78.3M	50x	as long as short
BingX BCH-USDC	+0.0071%	8h	269.95	+0.030%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0074%	8h	269.94	+0.026%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERP	+0.0094%	1h	270.00	+0.048%	$442K	$428K	10x	as long as short
Lighter BCH	+0.0096%	1h	270.07	+0.075%	$378K	$588K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.25	+0.141%	$6.0M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	270.13	+0.096%	$218K	$703K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.15	+0.103%	$164K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	270.15	+0.104%	$9.3M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.10	+0.087%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDTshort	+0.0100%	1h	270.36	+0.182%	$73K	$213K	50x
SunX BCH-USDT	+0.0100%	8h	269.91	+0.015%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.06	+0.070%	$777K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0113%	1h	270.28	+0.152%	$818K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0335% / S −0.0388%	1h	270.31	+0.164%	$26K	—	100x	as long as short