Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.051%

Price spread now: BloFin against gTrade (Gains Network)+0.139%110s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on BloFin

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.139% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 110 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	gTrade (Gains Network) BCH/USD	263.63	L −0.0004% / S +0.0007%	get 0.0000% / 1h	55m 31s	$15K	—	150x
Short	BloFin BCH-USDT	264.00	0.0056	get 0.0056% / 8h	2h 55m	$3.9M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.139%Rate

Funding earned: $12.49
Price spread: +0.139% → 0.000%: $13.88
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $4.37
Costs to cover: 0.220%
Break-even: 4.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.95 bp	10.9 bp −$11	16.8 bp −$168	34.9 bp −$3,487	doesn't fit

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
HTX BCH-USDT	−0.0240%	8h	263.87	+0.090%	$773K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0200%	8h	263.84	+0.078%	$4.9M	$6.5M	50x	as long as short
Nado BCH-PERP	−0.0198%	1h	263.46	−0.066%	$430K	$349K	10x	as long as short
SunX BCH-USDT	−0.0149%	8h	263.59	−0.017%	$2K	$1.7M	30x	as long as short
Bitget BCHUSDT	−0.0106%	8h	263.66	+0.010%	$18.8M	$28.3M	75x	as long as short
KuCoin BCHUSDTM	−0.0102%	8h	263.70	+0.025%	$8.5M	$6.8M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0076%	8h	263.30	−0.127%	$25.1M	$76.0M	50x	as long as short
Variational Omni BCH	−0.0069%	8h	263.70	+0.026%	$81K	$196K	—	as long as short
Extended BCH-USD	−0.0064%	1h	263.29	−0.130%	$111K	$1.1M	25x	as long as short
Binance BCHUSDT	−0.0061%	8h	263.50	−0.051%	$71.5M	$216.4M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0061%	8h	263.93	+0.112%	$69.8M	$8.0M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	262.84	−0.301%	$218K	$1.8M	50x	as long as short
SoDEX BCH-USD	−0.0039%	1h	263.76	+0.048%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0036%	8h	263.84	+0.076%	$385K	$17K	10x	as long as short
Gate BCH_USDT	−0.0017%	8h	263.71	+0.029%	$8.3M	$13.6M	75x	as long as short
Bybit BCHUSDT	−0.0014%	8h	263.49	−0.055%	$38.8M	$31.4M	75x	as long as short
BingX BCH-USDC	−0.0008%	8h	263.59	−0.017%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USDlong	L −0.0004% / S +0.0007%	1h	263.63	long leg	$15K	—	150x
dYdX BCH-USD	0.0000%	1h	263.75	+0.043%	$5K	$243	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.11	+0.181%	$987K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	263.95	+0.122%	$441K	$332K	25x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.491%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.90	+0.101%	$2K	$176	10x	as long as short
BloFin BCH-USDTshort	+0.0056%	8h	264.00	+0.139%	$3.9M	$4.4M	50x
Aster BCHUSDT	+0.0074%	8h	263.70	+0.026%	$152K	$549K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.57	−0.024%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.75	+0.044%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.62	−0.004%	$159K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.58	−0.020%	$18K	$329K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	263.88	+0.093%	$96K	$234K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	263.99	+0.134%	$846K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	263.67	+0.013%	$12K	—	100x	as long as short