Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0176%/8h= −19.3% APRpaid last 24h −0.078%

Price spread now: Deribit against Bybit+0.061%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Bybit Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.168%−$17 on $10k

Price spread, last 3 days (all we have)−0.190%−$19 · spread now +0.061%, 7d avg +0.040%

Together, before fees−0.358%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.021% dearer against Bybit than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of +0.040%): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.168% in total) that is about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BCHUSDT	266.86	−0.0109	get 0.0109% / 8h	2h 51m	$39.4M	$32.4M	75x
Short	Deribit BCH_USDC-PERPETUAL	267.02	−0.0285	pay 0.0036% / 1h	51m 11s	$437K	$251K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$37.05
Price spread: +0.061% → +0.040%: $2.1
Slippage, 4 orders: −$19.34
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$72.29
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Deribit: live order book, 37 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, 3 min ago	1.87 bp	10.7 bp −$11	18.8 bp −$188	73.3 bp −$7,327	doesn't fit
Sell Deribit live order book, 37 min ago	3.60 bp	8.3 bp −$8	15.8 bp −$158	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
Injective BCH/USDC PERP	−0.0304%	1h	267.23	+0.139%	$713	$80K	12x	as long as short
Deribit BCH_USDC-PERPETUALshort	−0.0285%	1h	267.02	+0.061%	$437K	$251K	25x
Phemex BCHUSDT	−0.0192%	8h	267.03	+0.064%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0129%	1h	266.92	+0.022%	$2K	$6K	10x	as long as short
MEXC BCH_USDT	−0.0121%	8h	267.51	+0.244%	$70.8M	$6.3M	200x	as long as short
Binance BCHUSDT	−0.0121%	8h	267.00	+0.052%	$73.7M	$231.6M	75x	as long as short
Extended BCH-USD	−0.0120%	1h	266.83	−0.012%	$105K	$643K	25x	as long as short
Bybit BCHUSDTlong	−0.0109%	8h	266.86	long leg	$39.4M	$32.4M	75x
Variational Omni BCH	−0.0085%	8h	266.75	−0.042%	$85K	$291K	—	as long as short
GRVT BCH_USDT_Perp	−0.0073%	8h	267.12	+0.096%	$389K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BCHUSDT	−0.0058%	8h	266.92	+0.022%	$20.0M	$29.2M	75x	as long as short
Gate BCH_USDT	−0.0042%	8h	266.95	+0.034%	$8.3M	$14.3M	75x	as long as short
BingX BCH-USDC	−0.0025%	8h	266.95	+0.034%	—	$6.5M	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	266.89	+0.011%	$254K	$2.1M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0022%	8h	267.00	+0.052%	$26.1M	$76.4M	50x	as long as short
BloFin BCH-USDT	−0.0001%	8h	266.81	−0.019%	$4.0M	$4.1M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	266.90	+0.016%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.08	+0.082%	$1.1M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.98	+0.046%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	266.85	−0.004%	$2K	$176	10x	as long as short
Nado BCH-PERP	+0.0055%	1h	266.65	−0.078%	$439K	$428K	10x	as long as short
KuCoin BCHUSDTM	+0.0071%	8h	266.98	+0.045%	$8.8M	$8.1M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.18	+0.122%	$804K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	267.04	+0.068%	$375K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.27	+0.154%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.11	+0.093%	$234K	$674K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.72	−0.052%	$168K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.90	+0.013%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.03	+0.064%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.65	−0.079%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.68	−0.067%	$767K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0365% / S −0.0554%	1h	267.03	+0.065%	$25K	—	100x	as long as short