Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.012%

Price spread now: edgeX against Extended−0.083%73s7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as 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−$380.384% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.178%+$18 on $10k

Price spread, last 3 days (all we have)+0.345%+$34 · spread now −0.083%, 7d avg +0.038%

Together, before fees+0.523%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$52 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.121% cheaper against Extended than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of +0.038%). If the spread goes back, that is −$12 on $10k: about 44 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.178% in total) that is about 4.8 days. The two prices were read 73 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	Extended BCH-USD	267.12	−0.0120	get 0.0015% / 1h	48m 26s	$105K	$643K	25x
Short	edgeX BCHUSDC	266.90	0.0100	get 0.0050% / 4h	2h 48m	$19K	$288K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.083%Rate

Funding earned: $46.2
Price spread: −0.083% → +0.038%: −$12.11
Slippage, 4 orders: −$24.38
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$4.28
Costs to cover: 0.384%
Break-even: 7.6 days

Slippage from Extended: live order book, 39 min ago; edgeX: live order book, 39 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, 39 min ago	0.75 bp	6.9 bp −$7	84.3 bp −$843	doesn't fit	doesn't fit
Sell edgeX live order book, 39 min ago	7.48 bp	12.0 bp −$12	14.8 bp −$148	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
Deribit BCH_USDC-PERPETUAL	−0.0319%	1h	267.07	−0.018%	$437K	$251K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	+0.042%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0198%	8h	267.01	−0.041%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0160%	1h	266.94	−0.067%	$2K	$6K	10x	as long as short
Binance BCHUSDT	−0.0121%	8h	267.10	−0.006%	$73.8M	$231.5M	75x	as long as short
Extended BCH-USDlong	−0.0120%	1h	267.12	long leg	$105K	$643K	25x
MEXC BCH_USDT	−0.0120%	8h	267.69	+0.214%	$70.8M	$6.3M	200x	as long as short
Bybit BCHUSDT	−0.0104%	8h	267.00	−0.044%	$39.3M	$32.1M	75x	as long as short
Variational Omni BCH	−0.0082%	8h	266.75	−0.138%	$85K	$291K	—	as long as short
GRVT BCH_USDT_Perp	−0.0069%	8h	266.85	−0.100%	$389K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BCHUSDT	−0.0057%	8h	267.10	−0.007%	$20.0M	$28.8M	75x	as long as short
Gate BCH_USDT	−0.0037%	8h	267.09	−0.011%	$8.4M	$14.3M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	266.89	−0.086%	$254K	$2.1M	50x	as long as short
BingX BCH-USDT	−0.0018%	8h	267.13	+0.004%	—	$32.2M	—	as long as short
OKX BCH-USDT-SWAP	−0.0018%	8h	267.10	−0.007%	$26.2M	$75.5M	50x	as long as short
BloFin BCH-USDT	−0.0001%	8h	266.79	−0.123%	$4.0M	$4.1M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.28	+0.060%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.23	+0.042%	$1.1M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.29	+0.065%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	267.13	+0.004%	$2K	$176	10x	as long as short
Nado BCH-PERP	+0.0062%	1h	267.02	−0.035%	$440K	$428K	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.26	+0.053%	$804K	$3.2M	50x	as long as short
KuCoin BCHUSDTM	+0.0075%	8h	267.14	+0.008%	$8.8M	$8.1M	75x	as long as short
Lighter BCH	+0.0096%	1h	267.12	0.000%	$375K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.40	+0.105%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.23	+0.042%	$234K	$674K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.09	−0.011%	$169K	$461K	10x	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	266.90	−0.083%	$19K	$288K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	266.97	−0.056%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.76	−0.134%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.94	−0.067%	$768K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0365% / S −0.0554%	1h	267.25	+0.049%	$25K	—	100x	as long as short