Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0036%/8h= +4.0% APRpaid last 24h +0.083%

Price spread now: Orderly against Deribit−0.038%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.038% cheaper against Deribit than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BCH_USDC-PERPETUAL	266.47	0	get 0.0000% / 1h	29m 16s	$446K	$331K	25x
Short	Orderly PERP_BCH_USDC	266.37	0.0036	get 0.0036% / 8h	4h 29m	$2K	$176	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.038%Rate

Funding earned: $7.62
Price spread: −0.038% → 0.000%: −$3.75
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$9.13
Costs to cover: 0.130%
Break-even: 15.4 days

Slippage unknown: Deribit: live order book, 29 min ago; Orderly: no order-book sample. Net counts fees only.

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, 29 min ago	3.66 bp	7.2 bp −$7	13.6 bp −$136	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0578%	8h	266.00	−0.176%	$2K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0328%	8h	266.14	−0.124%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0268%	8h	266.28	−0.071%	$776K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0261%	1h	266.12	−0.132%	$430K	$341K	10x	as long as short
SoDEX BCH-USD	−0.0209%	1h	266.25	−0.083%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.29	−0.443%	$219K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0095%	8h	265.90	−0.214%	$25.1M	$74.9M	50x	as long as short
MEXC BCH_USDT	−0.0093%	8h	266.71	+0.090%	$70.6M	$7.8M	200x	as long as short
Binance BCHUSDT	−0.0091%	8h	266.23	−0.090%	$72.4M	$214.0M	75x	as long as short
Extended BCH-USD	−0.0088%	1h	266.18	−0.109%	$115K	$950K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BCHUSDTM	−0.0088%	8h	266.38	−0.034%	$8.6M	$7.0M	75x	as long as short
Variational Omni BCH	−0.0079%	8h	265.50	−0.363%	$81K	$201K	—	as long as short
GRVT BCH_USDT_Perp	−0.0078%	8h	265.65	−0.306%	$387K	$17K	10x	as long as short
Bitget BCHUSDT	−0.0074%	8h	266.26	−0.079%	$19.1M	$28.1M	75x	as long as short
Gate BCH_USDT	−0.0073%	8h	266.46	−0.004%	$8.4M	$13.6M	75x	as long as short
BingX BCH-USDC	−0.0008%	8h	266.35	−0.045%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.43	−0.014%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	266.44	−0.011%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.51	+0.015%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALlong	0.0000%	1h	266.47	long leg	$446K	$331K	25x
Bybit BCHUSDT	+0.0008%	8h	266.12	−0.131%	$39.3M	$31.0M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	266.52	+0.017%	$854K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0029%	8h	266.10	−0.139%	$3.9M	$4.3M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.400%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDCshort	+0.0036%	8h	266.37	−0.038%	$2K	$176	10x
Pacifica BCH	+0.0077%	1h	266.36	−0.043%	$160K	$307K	10x	as long as short
Lighter BCH	+0.0096%	1h	266.26	−0.079%	$360K	$488K	10x	as long as short
ApeX Omni BCHUSDT	+0.0099%	1h	264.36	−0.792%	$96K	$230K	50x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.53	+0.023%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.53	+0.023%	$168K	$516K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.45	−0.382%	$19K	$290K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0351% / S −0.0506%	1h	266.45	−0.006%	$24K	—	100x	as long as short