Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.004%

Price spread now: Gate against Extended+0.023%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now +0.023%, 7d avg +0.060%

Together, before fees+0.114%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.037% cheaper against Extended than usual: you would sell low and buy high (spread +0.023% now, against its 7-day average of +0.060%). If the spread goes back, that is −$4 on $10k: about 34 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.050% in total) that is about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BCH-USD	268.72	−0.0104	get 0.0013% / 1h	17m 30s	$115K	$653K	25x
Short	Gate BCH_USDT	268.78	−0.0017	pay 0.0017% / 8h	2h 17m	$8.4M	$14.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.023%Rate

Funding earned: $18.27
Price spread: +0.023% → +0.060%: −$3.73
Slippage, 4 orders: −$17.1
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$22.56
Costs to cover: 0.371%
Break-even: 15.6 days

Slippage from Extended: live order book, 5 min ago; Gate: live order book, 1 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, 5 min ago	0.93 bp	7.0 bp −$7	51.0 bp −$510	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	1.86 bp	11.2 bp −$11	17.6 bp −$176	56.1 bp −$5,609	80.1 bp −$40.1K

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
Deribit BCH_USDC-PERPETUAL	−0.0434%	1h	268.78	+0.025%	$440K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	268.50	−0.081%	$716	$110K	12x	as long as short
Phemex BCHUSDT	−0.0201%	8h	268.64	−0.029%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0135%	1h	268.64	−0.029%	$2K	$6K	10x	as long as short
Extended BCH-USDlong	−0.0104%	1h	268.72	long leg	$115K	$653K	25x
MEXC BCH_USDT	−0.0100%	8h	269.38	+0.246%	$71.4M	$6.4M	200x	as long as short
Binance BCHUSDT	−0.0100%	8h	268.78	+0.023%	$74.1M	$229.4M	75x	as long as short
Variational Omni BCH	−0.0070%	8h	268.84	+0.044%	$86K	$291K	—	as long as short
Bitget BCHUSDT	−0.0041%	8h	268.70	−0.007%	$19.9M	$28.9M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0025%	8h	268.63	−0.034%	$391K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0024%	1h	269.02	+0.112%	$243K	$2.1M	50x	as long as short
Bybit BCHUSDT	−0.0018%	8h	268.70	−0.007%	$39.5M	$32.1M	75x	as long as short
Gate BCH_USDTshort	−0.0017%	8h	268.78	+0.023%	$8.4M	$14.4M	75x
dYdX BCH-USD	0.0000%	1h	268.75	+0.012%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.92	+0.075%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.87	+0.056%	$4K	—	150x	as long as short
BingX BCH-USDT	+0.0011%	8h	268.77	+0.019%	—	$32.1M	—	as long as short
BloFin BCH-USDT	+0.0019%	8h	268.64	−0.029%	$4.0M	$4.1M	50x	as long as short
OKX BCH-USDT-SWAP	+0.0022%	8h	268.80	+0.031%	$26.4M	$76.2M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.77	+0.019%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.95	+0.087%	$806K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.70	−0.007%	$377K	$581K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.57	−0.053%	$440K	$425K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.06	+0.127%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.82	+0.038%	$236K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.68	−0.014%	$170K	$460K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.82	+0.038%	$8.9M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.74	+0.008%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	269.07	+0.131%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.49	−0.085%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.66	−0.021%	$774K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0373% / S −0.0574%	1h	268.91	+0.073%	$26K	—	100x	as long as short