Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.115%

Price spread now: Deribit against BloFin+0.067%57s7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as 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−$340.337% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.382%−$38 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.067%, 7d avg +0.029%

Together, before fees−0.452%−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.038% dearer against BloFin than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of +0.029%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 7 days (−0.382% in total) that is about 17 hours. The two prices were read 57 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	BloFin BCH-USDT	264.70	0.0032	pay 0.0032% / 8h	4h 02m	$3.9M	$4.3M	50x
Short	Deribit BCH_USDC-PERPETUAL	264.88	0	get 0.0000% / 1h	2m 08s	$443K	$331K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$6.65
Price spread: +0.067% → +0.029%: $3.79
Slippage, 4 orders: −$14.72
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$36.59
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Deribit: live order book, 57 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 BloFin live order book, 6 min ago	1.51 bp	8.8 bp −$9	16.4 bp −$164	38.6 bp −$3,858	doesn't fit
Sell Deribit live order book, 57 min ago	3.66 bp	7.7 bp −$8	15.1 bp −$151	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
SunX BCH-USDT	−0.0369%	8h	264.48	−0.083%	$2K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0297%	1h	264.69	−0.004%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0265%	8h	264.73	+0.011%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERP	−0.0260%	1h	264.39	−0.115%	$429K	$343K	10x	as long as short
HTX BCH-USDT	−0.0229%	8h	264.63	−0.026%	$772K	$1.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.31	+0.230%	$224K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0099%	8h	264.60	−0.038%	$25.4M	$75.5M	50x	as long as short
KuCoin BCHUSDTM	−0.0090%	8h	264.68	−0.008%	$8.5M	$7.0M	75x	as long as short
Binance BCHUSDT	−0.0088%	8h	264.73	+0.012%	$71.9M	$214.9M	75x	as long as short
Extended BCH-USD	−0.0088%	1h	264.61	−0.035%	$112K	$956K	25x	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	−0.0088%	8h	265.20	+0.189%	$70.3M	$7.9M	200x	as long as short
Bitget BCHUSDT	−0.0080%	8h	264.60	−0.038%	$18.9M	$28.1M	75x	as long as short
Variational Omni BCH	−0.0074%	8h	264.20	−0.187%	$81K	$197K	—	as long as short
GRVT BCH_USDT_Perp	−0.0060%	8h	265.18	+0.183%	$387K	$17K	10x	as long as short
Gate BCH_USDT	−0.0056%	8h	264.70	0.000%	$8.3M	$13.7M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.78	+0.030%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.65	−0.019%	$5K	$248	10x	as long as short
Bybit BCHUSDT	0.0000%	8h	264.60	−0.038%	$39.0M	$31.1M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.89	+0.072%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALshort	0.0000%	1h	264.88	+0.067%	$443K	$331K	25x
Kraken Futures PF_BCHUSD	+0.0011%	1h	264.95	+0.095%	$853K	$3.0M	50x	as long as short
BingX BCH-USDC	+0.0014%	8h	264.59	−0.042%	—	$6.5M	—	as long as short
BloFin BCH-USDTlong	+0.0032%	8h	264.70	long leg	$3.9M	$4.3M	50x
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.078%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0040%	8h	264.65	−0.019%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	264.46	−0.091%	$159K	$304K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.73	+0.012%	$357K	$489K	10x	as long as short
Aster BCHUSDT	+0.0096%	8h	264.83	+0.050%	$162K	$540K	75x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.79	+0.034%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.36	−0.127%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.62	−0.030%	$96K	$231K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0350% / S −0.0506%	1h	264.79	+0.033%	$24K	—	100x	as long as short