Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0003%/8h= −0.4% APRpaid last 24h +0.023%

Price spread now: Bybit against dYdX−0.104%50s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Bybit

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.104% cheaper against dYdX than usual: you would sell low and buy high, −$10 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	dYdX BCH-USD	271.98	0	get 0.0000% / 1h	39m 44s	$5K	$248	10x
Short	Bybit BCHUSDT	271.70	−0.0003	pay 0.0003% / 8h	1h 39m	$39.9M	$32.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against dYdX. 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 dYdXbpFee BybitbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$0.68
Price spread: −0.104% → 0.000%: −$10.37
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$32.04
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Bybit: live order book, 4 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	1.84 bp	9.6 bp −$10	17.6 bp −$176	65.0 bp −$6,502	doesn't fit

dYdX: 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
Deribit BCH_USDC-PERPETUAL	−0.0610%	1h	271.97	−0.004%	$461K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0217%	8h	271.90	−0.030%	$5.0M	$6.3M	50x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	−0.655%	$721	$130K	12x	as long as short
Variational Omni BCH	−0.0072%	8h	271.92	−0.023%	$87K	$291K	—	as long as short
Extended BCH-USD	−0.0064%	1h	271.70	−0.103%	$117K	$653K	25x	as long as short
MEXC BCH_USDT	−0.0063%	8h	272.46	+0.176%	$71.9M	$6.4M	200x	as long as short
Binance BCHUSDT	−0.0061%	8h	271.79	−0.072%	$75.7M	$232.6M	75x	as long as short
SoDEX BCH-USD	−0.0054%	1h	271.87	−0.041%	$2K	$6K	10x	as long as short
Gate BCH_USDT	−0.0015%	8h	271.75	−0.085%	$8.4M	$14.7M	75x	as long as short
Bitget BCHUSDT	−0.0009%	8h	271.79	−0.071%	$20.1M	$29.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BCHUSDTshort	−0.0003%	8h	271.70	−0.104%	$39.9M	$32.7M	75x
dYdX BCH-USDlong	0.0000%	1h	271.98	long leg	$5K	$248	10x
Kalshi KXBCHPERP	0.0000%	8h	272.41	+0.157%	$1.1M	$11.6M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	271.95	−0.011%	$5K	—	150x	as long as short
GRVT BCH_USDT_Perp	+0.0007%	8h	270.52	−0.536%	$394K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	272.31	+0.121%	$235K	$2.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0026%	8h	271.82	−0.060%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0056%	8h	272.01	+0.010%	$4.0M	$4.2M	50x	as long as short
BingX BCH-USDC	+0.0058%	8h	271.81	−0.063%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	+0.0064%	8h	271.70	−0.104%	$26.3M	$78.3M	50x	as long as short
Nado BCH-PERP	+0.0091%	1h	271.70	−0.102%	$446K	$427K	10x	as long as short
Lighter BCH	+0.0096%	1h	271.95	−0.010%	$380K	$584K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	272.12	+0.051%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	271.98	−0.002%	$222K	$700K	75x	as long as short
Pacifica BCH	+0.0100%	1h	271.88	−0.039%	$165K	$468K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	271.93	−0.019%	$9.3M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	271.41	−0.212%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.72	−0.464%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	271.65	−0.122%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	271.74	−0.089%	$788K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0112%	1h	272.07	+0.034%	$812K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0342% / S −0.0467%	1h	272.14	+0.059%	$26K	—	100x	as long as short