Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0166%/8h= −18.2% APRpaid last 24h −0.022%

Price spread now: Bybit against edgeX−0.808%101s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as 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−$470.470% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 3 days (all we have)+0.742%+$74 · spread now −0.808%, 7d avg −0.002%

Together, before fees+0.610%+ Points / potential airdropedgeX: Active · farm board+$61 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.805% cheaper against edgeX than usual: you would sell low and buy high (−$81 if the spread goes back to its 7-day average of −0.002%). Swap the legs. The two prices were read 101 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	edgeX BCHUSDC	266.35	0.0100	pay 0.0050% / 4h	2h 55m	$19K	$290K	20x
Short	Bybit BCHUSDT	264.20	−0.0066	pay 0.0066% / 8h	6h 55m	$38.9M	$33.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.808%Rate

Funding earned: −$34.85
Price spread: −0.808% → −0.002%: −$80.52
Slippage, 4 orders: −$26.95
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$162.32
Costs to cover: 0.470%
Break-even: never at this rate

Slippage from edgeX: live order book, 12 min ago; Bybit: live order book, 3 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, 12 min ago	7.43 bp	12.1 bp −$12	15.5 bp −$155	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.88 bp	12.6 bp −$13	28.6 bp −$286	88.5 bp −$8,852	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	−0.0537%	1h	264.25	−0.789%	$2K	$6K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0513%	1h	264.37	−0.743%	$447K	$266K	25x	as long as short
Kraken Futures PF_BCHUSD	−0.0301%	1h	264.35	−0.751%	$850K	$3.1M	50x	as long as short
Phemex BCHUSDT	−0.0248%	8h	264.29	−0.774%	$4.9M	$6.5M	50x	as long as short
ApeX Omni BCHUSDT	−0.0247%	1h	266.66	+0.116%	$72K	$214K	50x	as long as short
GRVT BCH_USDT_Perp	−0.0229%	8h	266.40	+0.018%	$388K	$17K	10x	as long as short
Gate BCH_USDT	−0.0157%	8h	264.34	−0.755%	$8.3M	$13.1M	75x	as long as short
Variational Omni BCH	−0.0125%	8h	264.31	−0.767%	$81K	$285K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	264.79	−0.586%	$230K	$2.0M	50x	as long as short
Extended BCH-USD	−0.0088%	1h	264.09	−0.850%	$112K	$966K	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	−0.0084%	8h	264.22	−0.800%	$71.3M	$232.5M	75x	as long as short
MEXC BCH_USDT	−0.0084%	8h	264.53	−0.684%	$69.3M	$6.7M	200x	as long as short
Bybit BCHUSDTshort	−0.0066%	8h	264.20	−0.808%	$38.9M	$33.2M	75x
Bitget BCHUSDT	−0.0033%	8h	264.13	−0.834%	$19.0M	$29.8M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0023%	8h	264.20	−0.808%	$25.6M	$75.8M	50x	as long as short
BingX BCH-USDT	−0.0012%	8h	264.26	−0.785%	—	$32.3M	—	as long as short
dYdX BCH-USD	0.0000%	1h	264.80	−0.584%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.81	−0.579%	$1.1M	$11.0M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	264.67	−0.630%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	264.25	−0.789%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.445%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0036%	8h	265.16	−0.447%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0040%	1h	264.48	−0.704%	$161K	$407K	10x	as long as short
HTX BCH-USDT	+0.0060%	8h	264.40	−0.733%	$773K	$1.6M	75x	as long as short
Lighter BCH	+0.0096%	1h	264.23	−0.796%	$364K	$475K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	264.55	−0.676%	$433K	$424K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.38	−0.740%	$5.8M	$5.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.48	−0.703%	$169K	$684K	75x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	264.21	−0.804%	$8.6M	$7.6M	75x	as long as short
edgeX BCHUSDClong	+0.0100%	4h	266.35	long leg	$19K	$290K	20x
SunX BCH-USDT	+0.0100%	8h	264.15	−0.826%	$2K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0451%	1h	264.59	−0.662%	$25K	—	100x	as long as short