Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h −0.018%

Price spread now: Injective against Binance+2.601%67s7-day average +0.202% · you sell dearer than you buy

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

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.182%+$18 on $10k

Price spread, last 4 days (all we have)−4.066%−$407 · spread now +2.601%, 7d avg +0.202%

Together, before fees−3.884%−$388 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Injective is 2.399% dearer against Binance than usual: you sell high and buy low: +$240 more if the spread goes back to its 7-day average of +0.202%. The two prices were read 67 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	263.35	−0.0054	get 0.0054% / 8h	2h 40m	$71.7M	$218.9M	75x
Short	Injective BCH/USDC PERP	270.20	0.0033	get 0.0004% / 1h	40m 10s	$721	$130K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +2.601%Rate

Funding earned: $18.24
Price spread: +2.601% → +0.202%: $239.86
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $248.08
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 3 min ago; Injective: 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 Binance live order book, 3 min ago	0.19 bp	7.7 bp −$8	15.9 bp −$159	41.2 bp −$4,117	121.0 bp −$60.5K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
HTX BCH-USDT	−0.0240%	8h	263.21	−0.053%	$767K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0218%	1h	263.28	−0.027%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0185%	8h	263.24	−0.042%	$5.0M	$6.5M	50x	as long as short
Nado BCH-PERP	−0.0143%	1h	262.95	−0.152%	$429K	$350K	10x	as long as short
Bitget BCHUSDT	−0.0109%	8h	263.16	−0.072%	$18.8M	$28.4M	75x	as long as short
SunX BCH-USDT	−0.0108%	8h	263.14	−0.080%	$2K	$1.7M	30x	as long as short
KuCoin BCHUSDTM	−0.0095%	8h	263.21	−0.053%	$8.4M	$6.8M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0078%	8h	263.20	−0.057%	$25.1M	$76.4M	50x	as long as short
Variational Omni BCH	−0.0070%	8h	263.31	−0.016%	$81K	$196K	—	as long as short
Extended BCH-USD	−0.0056%	1h	263.18	−0.063%	$111K	$1.1M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDTlong	−0.0054%	8h	263.35	long leg	$71.7M	$218.9M	75x
MEXC BCH_USDT	−0.0053%	8h	263.78	+0.163%	$69.7M	$8.0M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	263.21	−0.053%	$219K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0028%	8h	263.72	+0.141%	$384K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0018%	8h	263.30	−0.019%	$38.8M	$31.5M	75x	as long as short
BingX BCH-USDC	−0.0014%	8h	263.35	0.000%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.44	+0.036%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.31	−0.016%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.67	+0.122%	$985K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	263.52	+0.066%	$439K	$333K	25x	as long as short
Gate BCH_USDT	+0.0004%	8h	263.22	−0.049%	$8.3M	$13.7M	75x	as long as short
Injective BCH/USDC PERPshort	+0.0033%	1h	270.20	+2.601%	$721	$130K	12x
Orderly PERP_BCH_USDC	+0.0045%	8h	263.34	−0.004%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0067%	8h	263.23	−0.046%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0072%	8h	263.44	+0.034%	$152K	$555K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.36	+0.003%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.43	+0.030%	$5.6M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.12	−0.087%	$158K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.93	+0.221%	$18K	$329K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.15	+0.304%	$96K	$235K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	263.56	+0.079%	$842K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	263.38	+0.013%	$12K	—	100x	as long as short