Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h +0.085%

Price spread now: Gate against Deribit−0.075%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 4 days (all we have)+0.243%+$24 · spread now −0.075%, 7d avg −0.016%

Together, before fees+0.419%+$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.059% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.176%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BCH_USDC-PERPETUAL	266.78	−0.0009	get 0.0001% / 1h	18m 33s	$446K	$331K	25x
Short	Gate BCH_USDT	266.58	−0.0098	pay 0.0098% / 8h	5h 18m	$8.3M	$13.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee DeribitbpFee GatebpOrdersPrice spread, now −0.075%Rate

Funding earned: −$18.78
Price spread: −0.075% → −0.016%: −$5.86
Slippage, 4 orders: −$19.36
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$66
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from Deribit: live order book, 45 min ago; Gate: live order book, 5 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 Deribit live order book, 45 min ago	3.09 bp	7.9 bp −$8	14.3 bp −$143	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.69 bp	12.8 bp −$13	20.5 bp −$205	61.9 bp −$6,190	86.3 bp −$43.2K

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	−0.1324%	8h	266.49	−0.108%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0454%	8h	266.58	−0.075%	$775K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0429%	8h	266.68	−0.037%	$4.9M	$6.6M	50x	as long as short
SoDEX BCH-USD	−0.0306%	1h	266.62	−0.060%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0132%	8h	266.66	−0.044%	$389K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	266.55	−0.086%	$224K	$1.8M	50x	as long as short
Nado BCH-PERP	−0.0124%	1h	266.40	−0.142%	$423K	$339K	10x	as long as short
Binance BCHUSDT	−0.0105%	8h	266.57	−0.078%	$72.5M	$213.4M	75x	as long as short
MEXC BCH_USDT	−0.0105%	8h	266.90	+0.045%	$70.4M	$7.0M	200x	as long as short
Extended BCH-USD	−0.0104%	1h	266.34	−0.166%	$116K	$953K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BCH	−0.0099%	8h	266.80	+0.008%	$82K	$201K	—	as long as short
Gate BCH_USDTshort	−0.0098%	8h	266.58	−0.075%	$8.3M	$13.3M	75x
OKX BCH-USDT-SWAP	−0.0066%	8h	266.50	−0.105%	$25.2M	$74.4M	50x	as long as short
KuCoin BCHUSDTM	−0.0066%	8h	266.61	−0.063%	$8.6M	$7.1M	75x	as long as short
Bitget BCHUSDT	−0.0063%	8h	266.38	−0.150%	$19.2M	$28.1M	75x	as long as short
Bybit BCHUSDT	−0.0040%	8h	266.50	−0.105%	$39.3M	$30.8M	75x	as long as short
BingX BCH-USDC	−0.0036%	8h	266.52	−0.097%	—	$6.5M	—	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	266.90	+0.044%	$856K	$3.0M	50x	as long as short
Deribit BCH_USDC-PERPETUALlong	−0.0009%	1h	266.78	long leg	$446K	$331K	25x
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.83	+0.020%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	266.76	−0.007%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.78	0.000%	$1.1M	$10.2M	2.7x	as long as short
ApeX Omni BCHUSDT	+0.0008%	1h	266.95	+0.064%	$97K	$227K	50x	as long as short
BloFin BCH-USDT	+0.0015%	8h	266.62	−0.060%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0021%	1h	266.60	−0.069%	$162K	$321K	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.282%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	266.62	−0.060%	$2K	$176	10x	as long as short
Lighter BCH	+0.0096%	1h	266.68	−0.037%	$365K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.80	+0.008%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.68	−0.037%	$169K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.86	+0.031%	$19K	$290K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0357% / S −0.0525%	1h	266.92	+0.051%	$25K	—	100x	as long as short