Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.019%

Price spread now: OKX against dYdX−0.075%7-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 OKX

What this pair did over the last

the charts below follow

Funding, last 6 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.075% cheaper against dYdX than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BCH-USD	265.30	0	get 0.0000% / 1h	59m 27s	$5K	$248	10x
Short	OKX BCH-USDT-SWAP	265.10	−0.0100	pay 0.0100% / 8h	3h 59m	$25.4M	$75.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$20.96
Price spread: −0.075% → 0.000%: −$7.53
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$48.49
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; OKX: 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 OKX live order book, 4 min ago	1.89 bp	6.9 bp −$7	15.7 bp −$157	93.6 bp −$9,363	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
SunX BCH-USDT	−0.0356%	8h	264.66	−0.241%	$2K	$1.7M	30x	as long as short
Nado BCH-PERP	−0.0329%	1h	265.05	−0.094%	$430K	$343K	10x	as long as short
SoDEX BCH-USD	−0.0293%	1h	264.95	−0.132%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0273%	8h	265.01	−0.109%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0226%	8h	264.97	−0.124%	$773K	$1.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.02	−0.105%	$222K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAPshort	−0.0100%	8h	265.10	−0.075%	$25.4M	$75.7M	50x
Binance BCHUSDT	−0.0089%	8h	265.23	−0.025%	$72.0M	$215.0M	75x	as long as short
MEXC BCH_USDT	−0.0089%	8h	265.40	+0.038%	$70.4M	$7.8M	200x	as long as short
Extended BCH-USD	−0.0088%	1h	265.18	−0.046%	$112K	$958K	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	−0.0086%	8h	265.19	−0.041%	$8.5M	$7.0M	75x	as long as short
Bitget BCHUSDT	−0.0080%	8h	265.18	−0.045%	$19.0M	$28.2M	75x	as long as short
Variational Omni BCH	−0.0073%	8h	265.00	−0.112%	$81K	$197K	—	as long as short
GRVT BCH_USDT_Perp	−0.0064%	8h	265.06	−0.089%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0047%	8h	265.30	0.000%	$8.3M	$13.5M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0025%	1h	265.09	−0.079%	$443K	$331K	25x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.23	−0.027%	$15K	—	150x	as long as short
dYdX BCH-USDlong	0.0000%	1h	265.30	long leg	$5K	$248	10x
Bybit BCHUSDT	0.0000%	8h	265.10	−0.075%	$39.1M	$31.1M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.23	−0.026%	$1.0M	$10.3M	2.7x	as long as short
BingX BCH-USDC	+0.0005%	8h	265.31	+0.004%	—	$6.5M	—	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	265.19	−0.042%	$853K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0031%	8h	264.76	−0.203%	$3.9M	$4.3M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.847%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0041%	8h	264.92	−0.143%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	265.23	−0.028%	$159K	$303K	10x	as long as short
Aster BCHUSDT	+0.0094%	8h	265.16	−0.054%	$152K	$541K	75x	as long as short
Lighter BCH	+0.0096%	1h	265.16	−0.053%	$358K	$488K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.35	+0.019%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.81	−0.185%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.16	−0.053%	$97K	$232K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0350% / S −0.0506%	1h	265.10	−0.077%	$24K	—	100x	as long as short