Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h −0.004%

Price spread now: ApeX Omni against Bitget−0.780%7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 3 days (all we have)+0.920%+$92 · spread now −0.780%, 7d avg +0.068%

Together, before fees+1.020%+$102 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.847% cheaper against Bitget than usual: you would sell low and buy high (spread −0.780% now, against its 7-day average of +0.068%). If the spread goes back, that is −$85 on $10k: about 23 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.101% in total) that is about 59 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BCHUSDT	270.67	−0.0025	get 0.0025% / 8h	1h 55m	$20.1M	$29.0M	75x
Short	ApeX Omni BCHUSDT	268.56	0.0100	get 0.0013% / 1h	55m 03s	$73K	$214K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.780%Rate

Funding earned: $26.25
Price spread: −0.780% → +0.068%: −$84.71
Slippage, 4 orders: −$23.74
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$104.2
Costs to cover: 0.457%
Break-even: 34.8 days

Slippage from Bitget: live order book, 4 min ago; ApeX Omni: live order book, 26 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 Bitget live order book, 4 min ago	0.93 bp	8.8 bp −$9	16.5 bp −$165	34.5 bp −$3,449	doesn't fit
Sell ApeX Omni live order book, 26 min ago	4.28 bp	12.7 bp −$13	96.0 bp −$960	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	−0.0224%	8h	270.86	+0.070%	$4.9M	$6.3M	50x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	268.50	−0.802%	$716	$110K	12x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0112%	1h	270.99	+0.118%	$459K	$263K	25x	as long as short
Nado BCH-PERP	−0.0085%	1h	270.97	+0.112%	$444K	$427K	10x	as long as short
MEXC BCH_USDT	−0.0082%	8h	271.68	+0.373%	$71.9M	$6.3M	200x	as long as short
Binance BCHUSDT	−0.0080%	8h	270.84	+0.063%	$74.6M	$231.6M	75x	as long as short
Extended BCH-USD	−0.0080%	1h	270.79	+0.046%	$117K	$653K	25x	as long as short
Variational Omni BCH	−0.0071%	8h	269.23	−0.533%	$86K	$291K	—	as long as short
Bitget BCHUSDTlong	−0.0025%	8h	270.67	long leg	$20.1M	$29.0M	75x
Gate BCH_USDT	−0.0023%	8h	270.82	+0.055%	$8.4M	$14.6M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BCH_USDT_Perp	−0.0006%	8h	268.37	−0.848%	$391K	$17K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	271.03	+0.134%	$5K	$248	10x	as long as short
Bybit BCHUSDT	0.0000%	8h	270.70	+0.011%	$39.8M	$32.5M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	270.36	−0.115%	$1.2M	$11.4M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	271.16	+0.181%	$5K	—	150x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	271.06	+0.144%	$235K	$2.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0026%	8h	271.01	+0.126%	$2K	$176	10x	as long as short
BingX BCH-USDC	+0.0038%	8h	270.75	+0.030%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0040%	8h	270.82	+0.055%	$4.0M	$4.2M	50x	as long as short
OKX BCH-USDT-SWAP	+0.0045%	8h	270.70	+0.011%	$26.3M	$77.4M	50x	as long as short
Lighter BCH	+0.0096%	1h	270.93	+0.097%	$380K	$583K	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	271.09	+0.157%	$238K	$700K	75x	as long as short
Pacifica BCH	+0.0100%	1h	271.05	+0.141%	$171K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	271.08	+0.151%	$9.0M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.15	−0.933%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDTshort	+0.0100%	1h	268.56	−0.780%	$73K	$214K	50x
SunX BCH-USDT	+0.0100%	8h	270.78	+0.041%	$2K	$2.0M	30x	as long as short
SoDEX BCH-USD	+0.0100%	1h	270.92	+0.092%	$2K	$6K	10x	as long as short
HTX BCH-USDT	+0.0100%	8h	271.00	+0.122%	$790K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0112%	1h	271.16	+0.179%	$810K	$3.2M	50x	as long as short
Hyperliquid BCH	+0.0152%	1h	271.07	+0.147%	$6.1M	$4.2M	10x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0342% / S −0.0467%	1h	271.19	+0.192%	$26K	—	100x	as long as short