Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.019%

Price spread now: Extended against BingX−0.047%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.047%, 7d avg −0.058%

Together, before fees−0.148%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.058%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BCH-USDT	265.20	0.0010	pay 0.0010% / 8h	3h 33m	—	$32.9M	—
Short	Extended BCH-USD	265.07	−0.0072	pay 0.0009% / 1h	33m 07s	$113K	$956K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$17.22
Price spread: −0.047% → −0.058%: $1.04
Slippage, 4 orders: −$10.33
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$41.51
Costs to cover: 0.253%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Extended: live order book, 20 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, 6 min ago	0.56 bp	5.6 bp −$6	7.6 bp −$76	10.4 bp −$1,041	17.7 bp −$8,845
Sell Extended live order book, 20 min ago	0.94 bp	7.1 bp −$7	43.7 bp −$437	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
Phemex BCHUSDT	−0.0256%	8h	265.16	−0.015%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0226%	8h	265.13	−0.026%	$773K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0208%	1h	265.23	+0.011%	$2K	$8K	10x	as long as short
SunX BCH-USDT	−0.0195%	8h	264.94	−0.098%	$2K	$1.7M	30x	as long as short
Nado BCH-PERP	−0.0193%	1h	265.10	−0.038%	$431K	$346K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0089%	8h	265.20	0.000%	$25.1M	$76.3M	50x	as long as short
KuCoin BCHUSDTM	−0.0086%	8h	265.35	+0.057%	$8.5M	$6.9M	75x	as long as short
Bitget BCHUSDT	−0.0076%	8h	265.14	−0.023%	$19.0M	$28.3M	75x	as long as short
Binance BCHUSDT	−0.0072%	8h	265.23	+0.011%	$72.0M	$215.6M	75x	as long as short
Extended BCH-USDshort	−0.0072%	1h	265.07	−0.047%	$113K	$956K	25x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0072%	8h	265.70	+0.189%	$70.3M	$7.9M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	265.72	+0.196%	$219K	$1.8M	50x	as long as short
Variational Omni BCH	−0.0063%	8h	265.10	−0.036%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	265.44	+0.092%	$852K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0044%	8h	265.29	+0.032%	$387K	$17K	10x	as long as short
Gate BCH_USDT	−0.0027%	8h	265.26	+0.023%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.33	+0.048%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.32	+0.044%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.47	+0.102%	$1.0M	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.39	+0.071%	$444K	$332K	25x	as long as short
BingX BCH-USDTlong	+0.0010%	8h	265.20	long leg	—	$32.9M	—
Bybit BCHUSDT	+0.0017%	8h	265.20	0.000%	$39.1M	$31.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.885%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	265.25	+0.019%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0048%	8h	265.35	+0.057%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0084%	8h	265.39	+0.071%	$150K	$545K	75x	as long as short
Lighter BCH	+0.0096%	1h	265.28	+0.030%	$359K	$491K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.53	+0.126%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.17	−0.013%	$159K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.16	−0.016%	$31K	$301K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.60	+0.151%	$97K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0359% / S −0.0530%	1h	265.37	+0.066%	$25K	—	100x	as long as short