Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.004%

Price spread now: ApeX Omni against BingX−0.045%68s7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as 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−$440.443% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 3 days (all we have)+0.148%+$15 · spread now −0.045%, 7d avg +0.048%

Together, before fees+0.190%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.093% cheaper against BingX than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of +0.048%). If the spread goes back, that is −$9 on $10k: about 5.2 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.042% in total) that is about 16 days. The two prices were read 68 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	BingX BCH-USDC	268.93	0.0040	pay 0.0040% / 8h	30m 24s	—	$6.5M	—
Short	ApeX Omni BCHUSDT	268.81	0.0100	get 0.0013% / 1h	30m 24s	$73K	$214K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now −0.045%Rate

Funding earned: $12.6
Price spread: −0.045% → +0.048%: −$9.28
Slippage, 4 orders: −$24.34
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$41.02
Costs to cover: 0.443%
Break-even: 29.8 days

Slippage from BingX: live order book, 5 min ago; ApeX Omni: live order book, 46 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 BingX live order book, 5 min ago	1.49 bp	9.8 bp −$10	30.5 bp −$305	116.8 bp −$11.7K	419.9 bp −$210.0K
Sell ApeX Omni live order book, 46 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	−0.0378%	1h	269.10	+0.061%	$455K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0151%	8h	269.16	+0.086%	$4.9M	$6.4M	50x	as long as short
Variational Omni BCH	−0.0142%	8h	268.92	−0.004%	$82K	$294K	—	as long as short
SoDEX BCH-USD	−0.0138%	1h	269.01	+0.030%	$2K	$6K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0125%	1h	269.31	+0.140%	$829K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0091%	8h	268.78	−0.056%	$39.4M	$32.5M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+0.472%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	268.89	−0.015%	$236K	$2.0M	50x	as long as short
Extended BCH-USD	−0.0024%	1h	268.80	−0.047%	$116K	$652K	25x	as long as short
MEXC BCH_USDT	−0.0020%	8h	269.45	+0.193%	$70.5M	$6.7M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0019%	8h	268.91	−0.007%	$74.4M	$229.5M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	269.15	+0.083%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.11	+0.067%	$1.3M	$11.5M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.05	+0.046%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0007%	8h	268.93	0.000%	$8.4M	$14.5M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.89	−0.015%	$2K	$176	10x	as long as short
GRVT BCH_USDT_Perp	+0.0030%	8h	268.79	−0.051%	$392K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0031%	8h	268.90	−0.011%	$19.2M	$29.2M	75x	as long as short
BingX BCH-USDClong	+0.0040%	8h	268.93	long leg	—	$6.5M	—
OKX BCH-USDT-SWAP	+0.0041%	8h	268.80	−0.048%	$26.3M	$77.6M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.90	−0.009%	$371K	$556K	10x	as long as short
BloFin BCH-USDT	+0.0100%	8h	269.01	+0.030%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.87	−0.021%	$444K	$425K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.41	+0.178%	$6.0M	$4.3M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.00	+0.027%	$214K	$671K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.95	+0.007%	$163K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.00	+0.026%	$9.2M	$7.7M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.75	−0.068%	$19K	$291K	20x	as long as short
ApeX Omni BCHUSDTshort	+0.0100%	1h	268.81	−0.045%	$73K	$214K	50x
SunX BCH-USDT	+0.0100%	8h	268.89	−0.015%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.94	+0.004%	$777K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0340%	1h	269.03	+0.037%	$27K	—	100x	as long as short