Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.072%

Price spread now: GRVT against Deribit+0.014%75s7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as 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−$430.428% of the position

Long on Deribit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.179%+$18 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now +0.014%, 7d avg −0.035%

Together, before fees+0.150%+ Points / potential airdropGRVT: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GRVT is 0.049% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.035%. The two prices were read 75 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	Deribit BCH_USDC-PERPETUAL	264.90	−0.0267	get 0.0033% / 1h	7m 49s	$448K	$255K	25x
Short	GRVT BCH_USDT_Perp	264.94	−0.0203	pay 0.0203% / 8h	6h 07m	$386K	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.014%Rate

Funding earned: $13.42
Price spread: +0.014% → −0.035%: $4.93
Slippage, 4 orders: −$26.76
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$24.42
Costs to cover: 0.428%
Break-even: 19.7 days

Slippage from Deribit: live order book, 61 min ago; GRVT: live order book, 60 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, 61 min ago	4.47 bp	8.4 bp −$8	15.6 bp −$156	doesn't fit	doesn't fit
Sell GRVT live order book, 60 min ago	1.49 bp	13.2 bp −$13	24.8 bp −$248	doesn't fit	doesn't fit

BCH on 31 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	−0.1361%	8h	264.58	−0.121%	$1K	$1.8M	30x	as long as short
SoDEX BCH-USD	−0.0514%	1h	264.75	−0.057%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0441%	8h	264.81	−0.034%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0423%	8h	264.41	−0.185%	$774K	$1.6M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0300%	1h	265.12	+0.082%	$850K	$3.1M	50x	as long as short
Deribit BCH_USDC-PERPETUALlong	−0.0267%	1h	264.90	long leg	$448K	$255K	25x
GRVT BCH_USDT_Perpshort	−0.0203%	8h	264.94	+0.014%	$386K	$17K	10x
Gate BCH_USDT	−0.0143%	8h	264.99	+0.034%	$8.4M	$13.6M	75x	as long as short
ApeX Omni BCHUSDT	−0.0140%	1h	265.04	+0.053%	$97K	$226K	50x	as long as short
Variational Omni BCH	−0.0117%	8h	264.80	−0.036%	$81K	$231K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0112%	1h	264.79	−0.042%	$112K	$963K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	264.66	−0.091%	$231K	$2.0M	50x	as long as short
Binance BCHUSDT	−0.0109%	8h	264.97	+0.025%	$71.7M	$228.6M	75x	as long as short
MEXC BCH_USDT	−0.0109%	8h	265.17	+0.102%	$70.0M	$7.1M	200x	as long as short
Nado BCH-PERP	−0.0076%	1h	264.35	−0.208%	$418K	$376K	10x	as long as short
Bybit BCHUSDT	−0.0075%	8h	265.00	+0.038%	$39.2M	$33.0M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0051%	8h	264.90	0.000%	$25.2M	$77.6M	50x	as long as short
Bitget BCHUSDT	−0.0049%	8h	264.89	−0.004%	$19.0M	$29.1M	75x	as long as short
BingX BCH-USDT	−0.0035%	8h	264.89	−0.004%	—	$32.3M	—	as long as short
KuCoin BCHUSDTM	−0.0006%	8h	264.95	+0.019%	$8.6M	$7.5M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	264.64	−0.099%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.85	−0.019%	$1.1M	$10.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	264.94	+0.014%	$4K	—	150x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.001%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0035%	8h	264.79	−0.042%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0040%	1h	264.43	−0.177%	$161K	$379K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.89	−0.002%	$365K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.16	+0.098%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.95	+0.019%	$168K	$697K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.87	−0.012%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	264.96	+0.023%	$25K	—	100x	as long as short