Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h −0.006%

Price spread now: GRVT against Extended−0.471%72s7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as 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−$330.328% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 3 days (all we have)+0.614%+$61 · spread now −0.471%, 7d avg +0.054%

Together, before fees+0.656%+ Points / potential airdropExtended: Active · GRVT: Active · farm board+$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.525% cheaper against Extended than usual: you would sell low and buy high (spread −0.471% now, against its 7-day average of +0.054%). If the spread goes back, that is −$53 on $10k: about 25 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.042% in total) that is about 3 months. The two prices were read 72 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	271.80	−0.0064	get 0.0008% / 1h	40m 23s	$117K	$653K	25x
Short	GRVT BCH_USDT_Perp	270.52	0.0007	get 0.0007% / 8h	1h 40m	$394K	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.471%Rate

Funding earned: $14.91
Price spread: −0.471% → +0.054%: −$52.51
Slippage, 4 orders: −$18.82
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$70.41
Costs to cover: 0.328%
Break-even: 40.1 days

Slippage from Extended: live order book, 43 min ago; GRVT: live order book, 42 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, 43 min ago	0.93 bp	7.0 bp −$7	51.0 bp −$510	doesn't fit	doesn't fit
Sell GRVT live order book, 42 min ago	0.56 bp	9.2 bp −$9	26.8 bp −$268	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	−0.0610%	1h	271.97	+0.061%	$461K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0221%	8h	271.92	+0.043%	$5.0M	$6.3M	50x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	−0.590%	$721	$130K	12x	as long as short
Variational Omni BCH	−0.0072%	8h	271.92	+0.042%	$87K	$291K	—	as long as short
Extended BCH-USDlong	−0.0064%	1h	271.80	long leg	$117K	$653K	25x
MEXC BCH_USDT	−0.0063%	8h	272.48	+0.249%	$71.9M	$6.4M	200x	as long as short
Binance BCHUSDT	−0.0061%	8h	271.86	+0.021%	$75.7M	$232.5M	75x	as long as short
SoDEX BCH-USD	−0.0054%	1h	271.87	+0.024%	$2K	$6K	10x	as long as short
Gate BCH_USDT	−0.0015%	8h	271.82	+0.006%	$8.4M	$14.7M	75x	as long as short
Bitget BCHUSDT	−0.0009%	8h	271.82	+0.006%	$20.1M	$29.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BCHUSDT	−0.0003%	8h	271.80	−0.001%	$39.9M	$32.7M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	271.98	+0.066%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	272.60	+0.293%	$1.1M	$11.6M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	271.95	+0.054%	$5K	—	150x	as long as short
GRVT BCH_USDT_Perpshort	+0.0007%	8h	270.52	−0.471%	$394K	$17K	10x
Coinbase International BCH-PERP-INTX	+0.0016%	1h	272.31	+0.186%	$235K	$2.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0026%	8h	271.82	+0.006%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0056%	8h	272.01	+0.076%	$4.0M	$4.2M	50x	as long as short
BingX BCH-USDC	+0.0058%	8h	271.83	+0.010%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	+0.0063%	8h	271.90	+0.035%	$26.3M	$78.4M	50x	as long as short
Nado BCH-PERP	+0.0091%	1h	271.70	−0.036%	$446K	$427K	10x	as long as short
Lighter BCH	+0.0096%	1h	271.89	+0.033%	$380K	$584K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	272.17	+0.135%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	271.93	+0.045%	$222K	$700K	75x	as long as short
Pacifica BCH	+0.0100%	1h	271.88	+0.027%	$165K	$468K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	271.95	+0.054%	$9.0M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	271.41	−0.146%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.72	−0.399%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	271.65	−0.057%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	272.05	+0.091%	$792K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0112%	1h	272.07	+0.099%	$812K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0342% / S −0.0467%	1h	272.14	+0.124%	$26K	—	100x	as long as short