Settings8H · net · $10k
Funding arb · Price arb /

BCH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0672%/8h= +73.5% APRpaid last 24h +0.085%
Price spread now: Aster against Deribit−0.027%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$410.407% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.293%+$29 on $10k
Price spread, last 3 days (all we have)+0.063%+$6 · spread now −0.027%, 7d avg +0.007%
Together, before fees+0.356%+ Points / potential airdropAster: Stage 5 · farm board+$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.034% cheaper against Deribit than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.007%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.293% in total) that is about 20 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.293% in total (about 15.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit BCH_USDC-PERPETUAL269.96−0.0572get 0.0071% / 1h49m 55s$458K$263K25x
ShortAster BCHUSDT269.890.0100get 0.0100% / 8h1h 49m$220K$700K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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

Funding earned
$141.05
Price spread: −0.027% → +0.007%
−$3.42
Slippage, 4 orders
−$25.72
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Aster: 4 bp × 2 orders
−$8
Net
$96.92
Costs to cover
0.407%
Break-even
2.2 days
Slippage from Deribit: live order book, 34 min ago; Aster: live order book, 33 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 34 min ago4.01 bp13.9 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 33 min ago3.16 bp10.9 bp −$1122.4 bp −$224doesn't fitdoesn't fit

BCH on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit BCH_USDC-PERPETUALlong−0.0572%1h269.96long leg$458K$263K25x
Phemex BCHUSDT−0.0209%8h269.97+0.002%$4.9M$6.3M50xas long as short
Injective BCH/USDC PERP−0.0154%1h270.20+0.087%$721$130K12xas long as short
Extended BCH-USD−0.0080%1h269.81−0.058%$116K$653K25xas long as short
Binance BCHUSDT−0.0077%8h269.88−0.031%$75.1M$232.0M75xas long as short
MEXC BCH_USDT−0.0076%8h270.56+0.221%$71.6M$6.3M200xas long as short
Variational Omni BCH−0.0071%8h269.63−0.125%$86K$291Kas long as short
SoDEX BCH-USD−0.0044%1h269.87−0.035%$2K$6K10xas long as short
Bitget BCHUSDT−0.0022%8h270.00+0.013%$20.0M$29.0M75xas long as short
Gate BCH_USDT−0.0018%8h269.88−0.031%$8.4M$14.7M75xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX BCH-USD0.0000%1h270.17+0.077%$5K$24810xas long as short
Bybit BCHUSDT0.0000%8h269.80−0.061%$39.7M$32.6M75xas long as short
Kalshi KXBCHPERP0.0000%8h270.43+0.173%$1.1M$11.5M2.7xas long as short
gTrade (Gains Network) BCH/USDL 0.0000% / S +0.0007%1h269.96−0.003%$4K150xas long as short
GRVT BCH_USDT_Perp+0.0001%8h270.88+0.339%$395K$17K10xas long as short
Coinbase International BCH-PERP-INTX+0.0016%1h269.84−0.046%$232K$2.1M50xas long as short
Nado BCH-PERP+0.0024%1h270.07+0.040%$443K$427K10xas long as short
Orderly PERP_BCH_USDC+0.0026%8h269.80−0.061%$2K$17610xas long as short
BloFin BCH-USDT+0.0043%8h269.71−0.094%$4.0M$4.1M50xas long as short
BingX BCH-USDT+0.0044%8h269.87−0.035%$32.0Mas long as short
OKX BCH-USDT-SWAP+0.0047%8h269.80−0.061%$26.1M$77.2M50xas long as short
Lighter BCH+0.0096%1h269.94−0.007%$378K$583K10xas long as short
Hyperliquid BCH+0.0100%1h270.24+0.102%$6.0M$4.2M10xas long as short
Aster BCHUSDTshort+0.0100%8h269.89−0.027%$220K$700K75x
Pacifica BCH+0.0100%1h270.21+0.089%$170K$455K10xas long as short
KuCoin BCHUSDTM+0.0100%8h270.00+0.013%$8.9M$8.0M75xas long as short
edgeX BCHUSDC+0.0100%4h270.22+0.096%$19K$289K20xas long as short
SunX BCH-USDT+0.0100%8h269.73−0.087%$2K$2.0M30xas long as short
HTX BCH-USDT+0.0100%8h269.84−0.046%$786K$1.7M75xas long as short
Kraken Futures PF_BCHUSD+0.0113%1h270.12+0.059%$807K$3.2M50xas long as short
ApeX Omni BCHUSDT+0.0341%1h270.36+0.147%$73K$214K50xas long as short
GMX BCH/USD [WBTC.b-USDC]L +0.0341% / S −0.0467%1h270.11+0.055%$26K100xas long as short