Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0215%/8h= −23.5% APRpaid last 24h −0.008%

Price spread now: Bitget against edgeX−0.839%104s7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.458% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 4 days (all we have)+0.751%+$75 · spread now −0.839%, 7d avg +0.005%

Together, before fees+0.635%+ Points / potential airdropedgeX: Active · farm board+$63 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.844% cheaper against edgeX than usual: you would sell low and buy high (−$84 if the spread goes back to its 7-day average of +0.005%). Swap the legs. The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BCHUSDC	264.62	0.0100	pay 0.0050% / 4h	2h 31m	$18K	$331K	20x
Short	Bitget BCHUSDT	262.40	−0.0115	pay 0.0115% / 8h	2h 31m	$18.7M	$28.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now −0.839%Rate

Funding earned: −$45.15
Price spread: −0.839% → +0.005%: −$84.44
Slippage, 4 orders: −$24.85
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$175.44
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from edgeX: live order book, 16 min ago; Bitget: live order book, 2 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 edgeX live order book, 16 min ago	7.39 bp	12.0 bp −$12	14.7 bp −$147	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.90 bp	11.6 bp −$12	17.0 bp −$170	33.4 bp −$3,345	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	−0.0254%	1h	262.51	−0.798%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0234%	8h	262.69	−0.730%	$768K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0185%	8h	262.63	−0.752%	$4.9M	$6.5M	50x	as long as short
Bitget BCHUSDTshort	−0.0115%	8h	262.40	−0.839%	$18.7M	$28.4M	75x
KuCoin BCHUSDTM	−0.0101%	8h	262.61	−0.760%	$8.4M	$6.8M	75x	as long as short
SunX BCH-USDT	−0.0098%	8h	262.62	−0.756%	$2K	$1.7M	30x	as long as short
Nado BCH-PERP	−0.0094%	1h	262.78	−0.694%	$429K	$350K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0080%	8h	262.40	−0.839%	$25.0M	$76.4M	50x	as long as short
Variational Omni BCH	−0.0071%	8h	263.91	−0.269%	$81K	$196K	—	as long as short
Extended BCH-USD	−0.0056%	1h	262.48	−0.809%	$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	−0.0055%	8h	262.55	−0.783%	$72.5M	$219.5M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0054%	1h	262.82	−0.679%	$437K	$333K	25x	as long as short
MEXC BCH_USDT	−0.0052%	8h	262.98	−0.620%	$69.5M	$8.1M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	263.98	−0.242%	$219K	$1.8M	50x	as long as short
Bybit BCHUSDT	−0.0028%	8h	262.50	−0.802%	$38.7M	$31.5M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0023%	8h	264.12	−0.189%	$385K	$17K	10x	as long as short
BingX BCH-USDT	−0.0019%	8h	262.56	−0.779%	—	$32.9M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.00	−0.611%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.28	−0.509%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.30	−0.499%	$983K	$10.4M	2.7x	as long as short
Gate BCH_USDT	+0.0009%	8h	262.68	−0.734%	$8.3M	$13.7M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.108%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	262.76	−0.703%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0067%	8h	262.84	−0.673%	$153K	$557K	75x	as long as short
BloFin BCH-USDT	+0.0067%	8h	263.01	−0.609%	$3.9M	$4.4M	50x	as long as short
Lighter BCH	+0.0096%	1h	262.64	−0.748%	$352K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	262.81	−0.684%	$5.6M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.14	−0.559%	$158K	$306K	10x	as long as short
edgeX BCHUSDClong	+0.0100%	4h	264.62	long leg	$18K	$331K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	264.93	+0.117%	$96K	$235K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0181%	1h	262.67	−0.738%	$839K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	262.96	−0.629%	$12K	—	100x	as long as short