Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h +0.009%

Price spread now: Bybit against Extended+0.019%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$350.355% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.019%, 7d avg +0.033%

Together, before fees+0.070%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BCH-USD	266.20	−0.0024	get 0.0003% / 1h	10m 45s	$115K	$652K	25x
Short	Bybit BCHUSDT	266.25	−0.0079	pay 0.0079% / 8h	10m 45s	$39.2M	$33.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$11.58
Price spread: +0.019% → +0.033%: −$1.39
Slippage, 4 orders: −$19.45
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$48.42
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from Extended: live order book, 2 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 Extended live order book, 2 min ago	1.13 bp	7.3 bp −$7	37.3 bp −$373	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.88 bp	10.4 bp −$10	18.5 bp −$185	70.2 bp −$7,024	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
Deribit BCH_USDC-PERPETUAL	−0.0575%	1h	266.31	+0.043%	$450K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0328%	1h	266.15	−0.018%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0136%	8h	266.11	−0.033%	$82K	$292K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	266.49	+0.108%	$843K	$3.1M	50x	as long as short
Phemex BCHUSDT	−0.0113%	8h	266.22	+0.008%	$4.9M	$6.5M	50x	as long as short
ApeX Omni BCHUSDT	−0.0108%	1h	266.44	+0.091%	$72K	$214K	50x	as long as short
Bybit BCHUSDTshort	−0.0079%	8h	266.25	+0.019%	$39.2M	$33.0M	75x
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.503%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	266.58	+0.143%	$224K	$2.1M	50x	as long as short
Binance BCHUSDT	−0.0024%	8h	266.25	+0.019%	$72.9M	$233.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USDlong	−0.0024%	1h	266.20	long leg	$115K	$652K	25x
MEXC BCH_USDT	−0.0023%	8h	266.81	+0.230%	$69.9M	$6.9M	200x	as long as short
Gate BCH_USDT	−0.0001%	8h	266.34	+0.053%	$8.3M	$14.9M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	266.60	+0.149%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.68	+0.181%	$1.2M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.45	+0.096%	$4K	—	150x	as long as short
GRVT BCH_USDT_Perp	+0.0020%	8h	266.24	+0.015%	$388K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0021%	8h	266.20	0.000%	$19.1M	$30.1M	75x	as long as short
Nado BCH-PERP	+0.0023%	1h	266.19	−0.001%	$442K	$436K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	266.17	−0.011%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAP	+0.0030%	8h	266.20	0.000%	$25.9M	$78.3M	50x	as long as short
BingX BCH-USDT	+0.0033%	8h	266.26	+0.023%	—	$31.2M	—	as long as short
BloFin BCH-USDT	+0.0096%	8h	266.06	−0.052%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.22	+0.008%	$367K	$558K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.64	+0.166%	$6.0M	$4.5M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.29	+0.033%	$210K	$673K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.32	+0.046%	$162K	$431K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	266.34	+0.053%	$9.0M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.19	−0.002%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.11	−0.033%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.25	+0.019%	$773K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0451%	1h	266.42	+0.085%	$25K	—	100x	as long as short