Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0493%/8h= −54.0% APRpaid last 24h −0.010%

Price spread now: Gate against edgeX−0.068%52s7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as 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−$490.492% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.068%, 7d avg +0.024%

Together, before fees−0.120%+ Points / potential airdropedgeX: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Gate is 0.092% cheaper against edgeX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.024%). Swap the legs. The two prices were read 52 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 -0.130% in total (about -6.8% 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	267.50	0.0100	pay 0.0050% / 4h	3h 46m	$19K	$291K	20x
Short	Gate BCH_USDT	267.32	−0.0393	pay 0.0393% / 8h	7h 46m	$8.4M	$14.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.068%Rate

Funding earned: −$103.53
Price spread: −0.068% → +0.024%: −$9.17
Slippage, 4 orders: −$25.17
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$161.87
Costs to cover: 0.492%
Break-even: never at this rate

Slippage from edgeX: live order book, 26 min ago; Gate: 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, 26 min ago	7.51 bp	12.2 bp −$12	15.3 bp −$153	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.19 bp	13.2 bp −$13	20.4 bp −$204	54.9 bp −$5,492	78.2 bp −$39.1K

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	−0.0539%	1h	267.25	−0.094%	$2K	$6K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0445%	1h	267.44	−0.023%	$452K	$266K	25x	as long as short
HTX BCH-USDT	−0.0398%	8h	267.39	−0.041%	$770K	$1.6M	75x	as long as short
Gate BCH_USDTshort	−0.0393%	8h	267.32	−0.068%	$8.4M	$14.1M	75x
Phemex BCHUSDT	−0.0252%	8h	267.36	−0.053%	$4.9M	$6.5M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0235%	8h	267.57	+0.026%	$390K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0161%	1h	267.55	+0.018%	$72K	$214K	50x	as long as short
Variational Omni BCH	−0.0133%	8h	267.21	−0.109%	$82K	$290K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	267.52	+0.007%	$224K	$2.0M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	267.52	+0.009%	$856K	$3.1M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0048%	1h	267.10	−0.152%	$113K	$722K	25x	as long as short
Binance BCHUSDT	−0.0047%	8h	267.11	−0.145%	$72.6M	$230.6M	75x	as long as short
MEXC BCH_USDT	−0.0044%	8h	267.84	+0.127%	$70.2M	$6.6M	200x	as long as short
Bybit BCHUSDT	−0.0027%	8h	267.13	−0.139%	$39.5M	$32.5M	75x	as long as short
Nado BCH-PERP	−0.0010%	1h	267.13	−0.139%	$438K	$422K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	267.61	+0.040%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.82	+0.119%	$1.1M	$10.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.65	+0.055%	$4K	—	150x	as long as short
Bitget BCHUSDT	+0.0003%	8h	267.13	−0.139%	$19.3M	$29.3M	75x	as long as short
BingX BCH-USDC	+0.0027%	8h	267.24	−0.098%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	+0.0029%	8h	267.00	−0.187%	$25.9M	$76.5M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	267.43	−0.026%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.009%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0075%	8h	267.50	0.000%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	267.31	−0.071%	$368K	$529K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.73	+0.086%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.36	−0.053%	$174K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.33	−0.064%	$163K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	267.35	−0.056%	$9.0M	$7.6M	75x	as long as short
edgeX BCHUSDClong	+0.0100%	4h	267.50	long leg	$19K	$291K	20x
SunX BCH-USDT	+0.0100%	8h	267.25	−0.094%	$1K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0224%	1h	267.60	+0.038%	$31K	—	100x	as long as short