Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h −0.087%

Price spread now: Deribit against BingX−0.056%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.246%−$25 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.056%, 7d avg +0.019%

Together, before fees−0.188%−$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.075% cheaper against BingX than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of +0.019%). If the spread goes back, that is −$8 on $10k: about 6.1 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.246%, 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	BingX BCH-USDT	264.60	−0.0041	get 0.0041% / 8h	14m 29s	—	$15.3M	—
Short	Deribit BCH_USDC-PERPETUAL	264.45	0	get 0.0000% / 1h	14m 29s	$426K	$348K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.056%Rate

Funding earned: $8.61
Price spread: −0.056% → +0.019%: −$7.51
Slippage, 4 orders: −$13.06
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$28.96
Costs to cover: 0.301%
Break-even: 30.5 days

Slippage from BingX: live order book, 4 min ago; Deribit: live order book, 19 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, 4 min ago	0.76 bp	6.5 bp −$6	7.4 bp −$74	11.2 bp −$1,119	18.5 bp −$9,239
Sell Deribit live order book, 19 min ago	3.68 bp	9.1 bp −$9	15.9 bp −$159	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
SoDEX BCH-USD	−0.0330%	1h	264.32	−0.106%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0220%	1h	264.56	−0.014%	$858K	$2.7M	50x	as long as short
Phemex BCHUSDT	−0.0162%	8h	264.39	−0.079%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0133%	8h	264.41	−0.072%	$81K	$196K	—	as long as short
Bybit BCHUSDT	−0.0110%	8h	264.60	0.000%	$38.9M	$30.9M	75x	as long as short
HTX BCH-USDT	−0.0082%	8h	264.29	−0.117%	$775K	$1.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0080%	8h	264.51	−0.034%	$8.5M	$6.3M	75x	as long as short
Bitget BCHUSDT	−0.0078%	8h	264.53	−0.026%	$19.1M	$27.1M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0066%	8h	264.60	0.000%	$25.2M	$76.4M	50x	as long as short
Binance BCHUSDT	−0.0051%	8h	264.71	+0.043%	$73.0M	$212.4M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0051%	8h	265.06	+0.174%	$70.7M	$8.9M	200x	as long as short
Extended BCH-USD	−0.0048%	1h	264.49	−0.042%	$112K	$912K	25x	as long as short
BingX BCH-USDTlong	−0.0041%	8h	264.60	long leg	—	$15.3M	—
GRVT BCH_USDT_Perp	−0.0041%	8h	264.72	+0.045%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0026%	8h	264.60	0.000%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.48	−0.045%	$15K	—	150x	as long as short
Pacifica BCH	−0.0003%	1h	264.69	+0.033%	$159K	$293K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	264.81	+0.079%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.67	+0.026%	$996K	$9.7M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALshort	0.0000%	1h	264.45	−0.056%	$426K	$348K	25x
Aster BCHUSDT	+0.0014%	8h	264.59	−0.005%	$136K	$564K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.116%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.34	−0.098%	$2K	—	10x	as long as short
BloFin BCH-USDT	+0.0069%	8h	264.46	−0.053%	$3.5M	$4.5M	50x	as long as short
Nado BCH-PERP	+0.0078%	1h	264.55	−0.019%	$434K	$350K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	265.02	+0.159%	$246K	$1.9M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.65	+0.018%	$353K	$469K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.80	+0.076%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.55	−0.019%	$19K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.83	+0.087%	$95K	$242K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	264.18	−0.159%	$1K	$1.6M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.47	−0.049%	$12K	—	100x	as long as short