Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.031%

Price spread now: BingX against gTrade (Gains Network)−0.077%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.077% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 4.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BCH/USD	269.85	L 0.0000% / S +0.0007%	pay 0.0000% / 1h	10m 56s	$4K	—	150x
Short	BingX BCH-USDT	269.64	0.0064	get 0.0064% / 8h	1h 10m	—	$30.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.077%Rate

Funding earned: $13.34
Price spread: −0.077% → 0.000%: −$7.71
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$14.36
Costs to cover: 0.200%
Break-even: 14.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 8 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 8 min ago	0.37 bp	6.2 bp −$6	7.1 bp −$71	10.2 bp −$1,018	17.3 bp −$8,642

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0395%	1h	269.77	−0.030%	$457K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0189%	8h	269.68	−0.062%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0179%	1h	269.68	−0.062%	$2K	$6K	10x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	+0.130%	$721	$130K	12x	as long as short
Variational Omni BCH	−0.0115%	8h	269.72	−0.049%	$83K	$294K	—	as long as short
Bybit BCHUSDT	−0.0067%	8h	269.50	−0.129%	$39.4M	$33.0M	75x	as long as short
Extended BCH-USD	−0.0048%	1h	269.56	−0.108%	$116K	$653K	25x	as long as short
Binance BCHUSDT	−0.0046%	8h	269.71	−0.051%	$75.0M	$234.2M	75x	as long as short
MEXC BCH_USDT	−0.0045%	8h	270.25	+0.149%	$70.8M	$6.6M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	270.30	+0.168%	$5K	$248	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXBCHPERP	0.0000%	8h	270.19	+0.127%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USDlong	L 0.0000% / S +0.0007%	1h	269.85	long leg	$4K	—	150x
Gate BCH_USDT	+0.0004%	8h	269.67	−0.066%	$8.4M	$14.9M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0016%	8h	269.80	−0.018%	$393K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	269.96	+0.042%	$241K	$2.1M	50x	as long as short
Bitget BCHUSDT	+0.0019%	8h	269.66	−0.070%	$19.4M	$29.4M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0024%	8h	269.65	−0.073%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAP	+0.0058%	8h	269.50	−0.129%	$26.4M	$78.2M	50x	as long as short
BingX BCH-USDTshort	+0.0064%	8h	269.64	−0.077%	—	$30.5M	—
BloFin BCH-USDT	+0.0074%	8h	269.82	−0.010%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERP	+0.0095%	1h	269.69	−0.058%	$442K	$428K	10x	as long as short
Lighter BCH	+0.0096%	1h	269.76	−0.031%	$378K	$588K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.01	+0.061%	$6.0M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.93	+0.030%	$218K	$703K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.96	+0.043%	$164K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.83	−0.007%	$9.3M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	269.89	+0.014%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	269.90	+0.019%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.59	−0.096%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	269.62	−0.084%	$775K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0113%	1h	269.92	+0.026%	$817K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0335% / S −0.0388%	1h	269.91	+0.023%	$26K	—	100x	as long as short