Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0070%/8h= −7.6% APRpaid last 24h +0.084%

Price spread now: OKX against Deribit−0.160%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

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

costs, in and out, $10k−$360.355% of the position

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.199%+$20 on $10k

Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.160%, 7d avg −0.049%

Together, before fees+0.355%+$36 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 OKX is 0.112% cheaper against Deribit than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.049%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.199%, 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	265.43	0	get 0.0000% / 1h	7m 31s	$442K	$337K	25x
Short	OKX BCH-USDT-SWAP	265.00	−0.0070	pay 0.0070% / 8h	1h 07m	$25.3M	$77.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.160%Rate

Funding earned: −$14.65
Price spread: −0.160% → −0.049%: −$11.19
Slippage, 4 orders: −$18.52
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$61.36
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from Deribit: live order book, 31 min ago; OKX: live order book, 1 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, 31 min ago	3.57 bp	9.5 bp −$10	15.4 bp −$154	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.89 bp	7.8 bp −$8	15.2 bp −$152	91.8 bp −$9,185	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
SoDEX BCH-USD	−0.0349%	1h	265.27	−0.059%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0156%	8h	265.34	−0.032%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0153%	8h	265.14	−0.108%	$775K	$1.4M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0103%	1h	265.49	+0.022%	$863K	$2.9M	50x	as long as short
KuCoin BCHUSDTM	−0.0094%	8h	265.34	−0.032%	$8.5M	$6.6M	75x	as long as short
Variational Omni BCH	−0.0090%	8h	265.10	−0.122%	$81K	$196K	—	as long as short
Bitget BCHUSDT	−0.0078%	8h	265.31	−0.044%	$18.9M	$28.3M	75x	as long as short
OKX BCH-USDT-SWAPshort	−0.0070%	8h	265.00	−0.160%	$25.3M	$77.9M	50x
Bybit BCHUSDT	−0.0068%	8h	265.40	−0.010%	$39.0M	$31.8M	75x	as long as short
Extended BCH-USD	−0.0048%	1h	265.01	−0.158%	$112K	$830K	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	−0.0045%	8h	265.41	−0.006%	$73.1M	$220.2M	75x	as long as short
MEXC BCH_USDT	−0.0044%	8h	265.62	+0.073%	$70.9M	$8.8M	200x	as long as short
BingX BCH-USDT	−0.0034%	8h	265.21	−0.081%	—	$32.9M	—	as long as short
GRVT BCH_USDT_Perp	−0.0026%	8h	265.34	−0.032%	$387K	$17K	10x	as long as short
Gate BCH_USDT	−0.0005%	8h	265.30	−0.047%	$8.4M	$13.9M	75x	as long as short
Nado BCH-PERP	−0.0004%	1h	265.10	−0.122%	$435K	$357K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.43	+0.001%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.47	+0.018%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.54	+0.043%	$986K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALlong	0.0000%	1h	265.43	long leg	$442K	$337K	25x
Coinbase International BCH-PERP-INTX	+0.0008%	1h	265.90	+0.179%	$225K	$1.9M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.799%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	265.30	−0.047%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0052%	8h	265.19	−0.089%	$137K	$590K	75x	as long as short
BloFin BCH-USDT	+0.0076%	8h	265.20	−0.085%	$3.9M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	265.25	−0.064%	$353K	$496K	10x	as long as short
SunX BCH-USDT	+0.0098%	8h	265.05	−0.142%	$2K	$1.7M	30x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.36	−0.025%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.18	−0.092%	$159K	$311K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.23	−0.076%	$19K	$344K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.33	−0.036%	$95K	$239K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.45	+0.011%	$12K	—	100x	as long as short