Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.002%

Price spread now: ApeX Omni against Bybit−0.346%7-day average +0.074% · 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−$89as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 3 days (all we have)+0.480%+$48 · spread now −0.346%, 7d avg +0.074%

Together, before fees+0.583%+$58 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.420% cheaper against Bybit than usual: you would sell low and buy high (spread −0.346% now, against its 7-day average of +0.074%). If the spread goes back, that is −$42 on $10k: about 14 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BCHUSDT	271.66	0.0002	pay 0.0002% / 8h	1h 42m	$39.9M	$32.7M	75x
Short	ApeX Omni BCHUSDT	270.72	0.0100	get 0.0013% / 1h	42m 52s	$73K	$214K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.346%Rate

Funding earned: $20.48
Price spread: −0.346% → +0.074%: −$42.02
Slippage, 4 orders: −$26.23
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$68.76
Costs to cover: 0.472%
Break-even: 30.5 days

Slippage from Bybit: live order book, 1 min ago; ApeX Omni: live order book, 38 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 Bybit live order book, 1 min ago	1.84 bp	10.8 bp −$11	13.9 bp −$139	64.5 bp −$6,449	doesn't fit
Sell ApeX Omni live order book, 38 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	−0.0218%	8h	271.42	−0.088%	$4.9M	$6.3M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0155%	1h	271.50	−0.059%	$460K	$265K	25x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	−0.537%	$721	$130K	12x	as long as short
Variational Omni BCH	−0.0073%	8h	270.32	−0.492%	$86K	$291K	—	as long as short
MEXC BCH_USDT	−0.0068%	8h	272.34	+0.250%	$71.9M	$6.3M	200x	as long as short
Binance BCHUSDT	−0.0065%	8h	271.81	+0.056%	$75.6M	$232.3M	75x	as long as short
Extended BCH-USD	−0.0064%	1h	271.68	+0.009%	$117K	$653K	25x	as long as short
SoDEX BCH-USD	−0.0049%	1h	271.45	−0.077%	$2K	$6K	10x	as long as short
Bitget BCHUSDT	−0.0013%	8h	271.76	+0.037%	$20.2M	$29.0M	75x	as long as short
Gate BCH_USDT	−0.0008%	8h	271.78	+0.044%	$8.4M	$14.7M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BCH-USD	0.0000%	1h	271.63	−0.009%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	271.80	+0.052%	$1.1M	$11.6M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	271.55	−0.040%	$5K	—	150x	as long as short
Bybit BCHUSDTlong	+0.0002%	8h	271.66	long leg	$39.9M	$32.7M	75x
GRVT BCH_USDT_Perp	+0.0007%	8h	270.52	−0.418%	$394K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	271.57	−0.033%	$234K	$2.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0026%	8h	271.35	−0.114%	$2K	$176	10x	as long as short
BingX BCH-USDC	+0.0049%	8h	271.80	+0.052%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0055%	8h	271.59	−0.026%	$4.0M	$4.2M	50x	as long as short
OKX BCH-USDT-SWAP	+0.0060%	8h	271.80	+0.052%	$26.5M	$78.1M	50x	as long as short
Nado BCH-PERP	+0.0062%	1h	271.45	−0.075%	$445K	$427K	10x	as long as short
Lighter BCH	+0.0096%	1h	271.59	−0.026%	$381K	$583K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	271.91	+0.092%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	271.63	−0.010%	$221K	$700K	75x	as long as short
Pacifica BCH	+0.0100%	1h	271.53	−0.046%	$165K	$468K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	271.82	+0.059%	$9.0M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.49	−0.430%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDTshort	+0.0100%	1h	270.72	−0.346%	$73K	$214K	50x
SunX BCH-USDT	+0.0100%	8h	271.38	−0.103%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	271.41	−0.092%	$790K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0112%	1h	271.75	+0.031%	$811K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0342% / S −0.0467%	1h	271.57	−0.034%	$26K	—	100x	as long as short