Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h +0.079%

Price spread now: MEXC against Deribit−0.047%7-day average +0.167% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 4 days (all we have)+0.201%+$20 · spread now −0.047%, 7d avg +0.167%

Together, before fees+0.343%+$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.213% cheaper against Deribit than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.167%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.142%, 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	263.17	0	get 0.0000% / 1h	23m 45s	$438K	$333K	25x
Short	MEXC BCH_USDT	263.05	−0.0053	pay 0.0053% / 8h	2h 23m	$69.5M	$8.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$11.13
Price spread: −0.047% → +0.167%: −$21.34
Slippage, 4 orders: −$18.38
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$61.85
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from Deribit: live order book, 25 min ago; MEXC: 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, 25 min ago	3.65 bp	7.2 bp −$7	13.9 bp −$139	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.67 bp	8.8 bp −$9	17.1 bp −$171	40.6 bp −$4,062	84.4 bp −$42.2K

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
HTX BCH-USDT	−0.0231%	8h	263.04	−0.051%	$768K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0222%	1h	263.01	−0.062%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0165%	8h	262.99	−0.070%	$4.9M	$6.6M	50x	as long as short
Bitget BCHUSDT	−0.0113%	8h	262.58	−0.225%	$18.8M	$28.7M	75x	as long as short
KuCoin BCHUSDTM	−0.0099%	8h	263.08	−0.035%	$8.4M	$6.8M	75x	as long as short
SunX BCH-USDT	−0.0085%	8h	262.80	−0.142%	$2K	$1.7M	30x	as long as short
OKX BCH-USDT-SWAP	−0.0076%	8h	262.60	−0.218%	$25.0M	$77.0M	50x	as long as short
Variational Omni BCH	−0.0075%	8h	261.71	−0.557%	$80K	$196K	—	as long as short
Nado BCH-PERP	−0.0070%	1h	263.06	−0.042%	$430K	$352K	10x	as long as short
Extended BCH-USD	−0.0056%	1h	262.51	−0.252%	$111K	$1.1M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0054%	8h	262.77	−0.153%	$72.5M	$220.0M	75x	as long as short
MEXC BCH_USDTshort	−0.0053%	8h	263.05	−0.047%	$69.5M	$8.3M	200x
Coinbase International BCH-PERP-INTX	−0.0040%	1h	262.42	−0.286%	$217K	$1.8M	50x	as long as short
Bybit BCHUSDT	−0.0029%	8h	262.62	−0.210%	$38.6M	$31.7M	75x	as long as short
BingX BCH-USDT	−0.0028%	8h	262.78	−0.149%	—	$32.9M	—	as long as short
GRVT BCH_USDT_Perp	−0.0027%	8h	262.81	−0.138%	$383K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.13	−0.017%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.02	−0.057%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.36	+0.071%	$978K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALlong	0.0000%	1h	263.17	long leg	$438K	$333K	25x
Gate BCH_USDT	+0.0018%	8h	262.76	−0.157%	$8.3M	$13.8M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.670%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	263.07	−0.039%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0063%	8h	262.77	−0.155%	$153K	$555K	75x	as long as short
BloFin BCH-USDT	+0.0066%	8h	262.74	−0.165%	$3.9M	$4.4M	50x	as long as short
Lighter BCH	+0.0096%	1h	263.03	−0.056%	$352K	$496K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	262.85	−0.123%	$5.6M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	262.88	−0.111%	$158K	$306K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	261.63	−0.587%	$18K	$327K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	261.68	−0.567%	$94K	$236K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0181%	1h	263.19	+0.008%	$841K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	263.15	−0.010%	$12K	—	100x	as long as short