Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.094%

Price spread now: Deribit against edgeX−0.154%75s7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as 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−$390.394% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.307%−$31 on $10k

Price spread, last 4 days (all we have)+0.145%+$15 · spread now −0.154%, 7d avg +0.046%

Together, before fees−0.161%+ Points / potential airdropedgeX: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.200% cheaper against edgeX than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.046%). Swap the legs. The two prices were read 75 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	263.93	0.0100	pay 0.0050% / 4h	2h 39m	$18K	$329K	20x
Short	Deribit BCH_USDC-PERPETUAL	263.52	0	get 0.0000% / 1h	39m 44s	$439K	$333K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.154%Rate

Funding earned: −$21
Price spread: −0.154% → +0.046%: −$20.03
Slippage, 4 orders: −$23.42
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$80.45
Costs to cover: 0.394%
Break-even: never at this rate

Slippage from edgeX: live order book, 8 min ago; Deribit: live order book, 9 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, 8 min ago	7.39 bp	12.0 bp −$12	14.7 bp −$147	doesn't fit	doesn't fit
Sell Deribit live order book, 9 min ago	3.65 bp	8.1 bp −$8	15.6 bp −$156	doesn't fit	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
HTX BCH-USDT	−0.0240%	8h	263.21	−0.273%	$767K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0218%	1h	263.28	−0.247%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0185%	8h	263.24	−0.262%	$5.0M	$6.5M	50x	as long as short
Nado BCH-PERP	−0.0143%	1h	262.95	−0.372%	$429K	$350K	10x	as long as short
Bitget BCHUSDT	−0.0109%	8h	263.15	−0.296%	$18.8M	$28.4M	75x	as long as short
SunX BCH-USDT	−0.0108%	8h	263.14	−0.300%	$2K	$1.7M	30x	as long as short
KuCoin BCHUSDTM	−0.0095%	8h	263.36	−0.216%	$8.4M	$6.8M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0078%	8h	263.10	−0.315%	$25.0M	$76.4M	50x	as long as short
Variational Omni BCH	−0.0070%	8h	263.31	−0.237%	$81K	$196K	—	as long as short
Extended BCH-USD	−0.0056%	1h	262.99	−0.357%	$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	−0.0054%	8h	263.26	−0.253%	$71.7M	$218.9M	75x	as long as short
MEXC BCH_USDT	−0.0053%	8h	263.71	−0.084%	$69.7M	$8.0M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	263.21	−0.273%	$219K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0028%	8h	263.72	−0.080%	$384K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0022%	8h	263.11	−0.311%	$38.7M	$31.5M	75x	as long as short
BingX BCH-USDC	−0.0014%	8h	263.24	−0.262%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.44	−0.185%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.49	−0.169%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.67	−0.099%	$985K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALshort	0.0000%	1h	263.52	−0.154%	$439K	$333K	25x
Gate BCH_USDT	+0.0004%	8h	263.29	−0.243%	$8.3M	$13.7M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.375%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	263.34	−0.224%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0067%	8h	263.23	−0.266%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0072%	8h	263.16	−0.292%	$152K	$557K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.26	−0.254%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.40	−0.201%	$5.6M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.22	−0.269%	$158K	$306K	10x	as long as short
edgeX BCHUSDClong	+0.0100%	4h	263.93	long leg	$18K	$329K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	264.15	+0.083%	$96K	$235K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	263.56	−0.142%	$842K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	263.38	−0.207%	$12K	—	100x	as long as short