Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0773%/8h= −84.7% APRpaid last 24h −0.009%

Price spread now: SunX against edgeX+0.062%46s7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as 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−$930.934% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)−0.067%−$7 · spread now +0.062%, 7d avg −0.010%

Together, before fees−0.076%+ Points / potential airdropedgeX: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.072% dearer against edgeX than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.010%): +$7 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.009% in total) that is about 58 days. The two prices were read 46 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 -0.009% in total (about -0.5% 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	264.73	0.0100	pay 0.0050% / 4h	2h 29m	$19K	$292K	20x
Short	SunX BCH-USDT	264.89	−0.0673	pay 0.0673% / 8h	6h 29m	$2K	$1.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$162.39
Price spread: +0.062% → −0.010%: $7.24
Slippage, 4 orders: −$76.43
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$248.58
Costs to cover: 0.934%
Break-even: never at this rate

Slippage from edgeX: live order book, 38 min ago; SunX: live order book, 6 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, 38 min ago	7.43 bp	12.1 bp −$12	15.5 bp −$155	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	19.68 bp	28.9 bp −$29	doesn't fit	doesn't fit	doesn't fit

BCH on 31 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-USDTshort	−0.0673%	8h	264.89	+0.062%	$2K	$1.9M	30x
SoDEX BCH-USD	−0.0498%	1h	265.13	+0.153%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0388%	8h	265.07	+0.130%	$4.9M	$6.6M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0353%	1h	265.16	+0.164%	$448K	$266K	25x	as long as short
Kraken Futures PF_BCHUSD	−0.0300%	1h	265.35	+0.235%	$851K	$3.2M	50x	as long as short
HTX BCH-USDT	−0.0241%	8h	264.85	+0.047%	$776K	$1.6M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0189%	8h	264.31	−0.158%	$385K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0183%	1h	264.90	+0.066%	$96K	$227K	50x	as long as short
Variational Omni BCH	−0.0117%	8h	264.71	−0.006%	$81K	$253K	—	as long as short
Gate BCH_USDT	−0.0114%	8h	265.26	+0.202%	$8.4M	$13.5M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0112%	1h	265.07	+0.130%	$231K	$2.1M	50x	as long as short
Extended BCH-USD	−0.0096%	1h	265.24	+0.195%	$112K	$965K	25x	as long as short
Binance BCHUSDT	−0.0092%	8h	265.05	+0.124%	$71.8M	$234.8M	75x	as long as short
MEXC BCH_USDT	−0.0092%	8h	265.48	+0.285%	$70.0M	$7.0M	200x	as long as short
Bybit BCHUSDT	−0.0055%	8h	265.06	+0.126%	$39.1M	$33.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0044%	8h	264.90	+0.066%	$25.3M	$79.0M	50x	as long as short
Bitget BCHUSDT	−0.0039%	8h	265.22	+0.187%	$19.0M	$29.6M	75x	as long as short
BingX BCH-USDT	−0.0030%	8h	265.13	+0.153%	—	$32.3M	—	as long as short
Nado BCH-PERP	−0.0023%	1h	265.36	+0.239%	$421K	$429K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	265.68	+0.359%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.36	+0.240%	$1.1M	$11.1M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.25	+0.198%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0032%	8h	265.01	+0.107%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.068%	$721	$130K	12x	as long as short
Pacifica BCH	+0.0040%	1h	265.49	+0.290%	$161K	$404K	10x	as long as short
KuCoin BCHUSDTM	+0.0041%	8h	265.44	+0.270%	$8.6M	$7.5M	75x	as long as short
Lighter BCH	+0.0096%	1h	265.49	+0.287%	$365K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.47	+0.281%	$5.7M	$5.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.49	+0.287%	$168K	$697K	75x	as long as short
edgeX BCHUSDClong	+0.0100%	4h	264.73	long leg	$19K	$292K	20x
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.31	+0.221%	$25K	—	100x	as long as short