Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h −0.076%

Price spread now: Deribit against Binance+0.103%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 3 days (all we have)−0.265%−$26 · spread now +0.103%, 7d avg +0.023%

Together, before fees−0.385%−$39 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 Deribit is 0.080% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.023%. Mind the row above: over the last 7 days funding on this pair cost −0.120%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BCHUSDT	266.64	−0.0124	get 0.0124% / 8h	2h 56m	$73.7M	$231.5M	75x
Short	Deribit BCH_USDC-PERPETUAL	266.91	0	get 0.0000% / 1h	56m 24s	$436K	$254K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.103%Rate

Funding earned: $26.08
Price spread: +0.103% → +0.023%: $8.03
Slippage, 4 orders: −$13.03
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $4.08
Costs to cover: 0.300%
Break-even: 5.9 days

Slippage from Binance: live order book, 2 min ago; Deribit: live order book, 32 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, 2 min ago	0.19 bp	6.2 bp −$6	14.6 bp −$146	49.3 bp −$4,926	doesn't fit
Sell Deribit live order book, 32 min ago	3.60 bp	8.3 bp −$8	15.8 bp −$158	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
Injective BCH/USDC PERP	−0.0304%	1h	267.23	+0.222%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0200%	8h	266.96	+0.121%	$4.9M	$6.3M	50x	as long as short
Binance BCHUSDTlong	−0.0124%	8h	266.64	long leg	$73.7M	$231.5M	75x
MEXC BCH_USDT	−0.0123%	8h	267.27	+0.237%	$70.7M	$6.3M	200x	as long as short
Extended BCH-USD	−0.0120%	1h	266.62	−0.008%	$105K	$643K	25x	as long as short
Bybit BCHUSDT	−0.0119%	8h	266.54	−0.037%	$39.3M	$32.4M	75x	as long as short
SoDEX BCH-USD	−0.0098%	1h	266.79	+0.057%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0091%	8h	267.35	+0.268%	$85K	$291K	—	as long as short
GRVT BCH_USDT_Perp	−0.0077%	8h	267.31	+0.253%	$390K	$17K	10x	as long as short
Bitget BCHUSDT	−0.0060%	8h	266.64	+0.001%	$20.0M	$29.1M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0046%	8h	266.73	+0.034%	$8.3M	$14.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0029%	8h	266.70	+0.023%	$26.2M	$76.2M	50x	as long as short
BingX BCH-USDT	−0.0028%	8h	266.72	+0.031%	—	$32.2M	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	266.92	+0.106%	$260K	$2.1M	50x	as long as short
BloFin BCH-USDT	−0.0004%	8h	266.82	+0.068%	$4.0M	$4.1M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	266.92	+0.105%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.07	+0.162%	$1.1M	$11.7M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALshort	0.0000%	1h	266.91	+0.103%	$436K	$254K	25x
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.87	+0.087%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	266.79	+0.057%	$2K	$176	10x	as long as short
KuCoin BCHUSDTM	+0.0064%	8h	266.73	+0.034%	$8.8M	$8.1M	75x	as long as short
Nado BCH-PERP	+0.0070%	1h	266.81	+0.066%	$438K	$427K	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.05	+0.156%	$804K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.96	+0.120%	$375K	$579K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.04	+0.151%	$6.0M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.08	+0.167%	$234K	$682K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.86	+0.084%	$168K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.32	+0.254%	$19K	$287K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.43	+0.297%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.57	−0.026%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.89	+0.094%	$771K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0371% / S −0.0574%	1h	266.93	+0.110%	$26K	—	100x	as long as short