Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0035%/8h= −3.9% APRpaid last 24h +0.008%

Price spread now: Bybit against gTrade (Gains Network)−0.165%52s7-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 Bybit

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.165% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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	266.74	L −0.0004% / S +0.0007%	get 0.0000% / 1h	15m 27s	$15K	—	150x
Short	Bybit BCHUSDT	266.30	−0.0039	pay 0.0039% / 8h	5h 15m	$39.3M	$30.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.165%Rate

Funding earned: −$7.42
Price spread: −0.165% → 0.000%: −$16.5
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$44.92
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: 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 Bybit live order book, 3 min ago	1.88 bp	11.1 bp −$11	19.6 bp −$196	67.8 bp −$6,785	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
SunX BCH-USDT	−0.1257%	8h	266.40	−0.127%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0434%	8h	266.68	−0.022%	$775K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0422%	8h	266.52	−0.082%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0294%	1h	266.55	−0.071%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	266.55	−0.071%	$224K	$1.8M	50x	as long as short
Nado BCH-PERP	−0.0122%	1h	266.29	−0.170%	$423K	$339K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0120%	8h	266.63	−0.042%	$389K	$17K	10x	as long as short
Extended BCH-USD	−0.0104%	1h	266.18	−0.210%	$116K	$953K	25x	as long as short
MEXC BCH_USDT	−0.0104%	8h	266.67	−0.026%	$70.3M	$7.0M	200x	as long as short
Binance BCHUSDT	−0.0104%	8h	266.31	−0.161%	$72.4M	$213.5M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BCH	−0.0095%	8h	266.60	−0.053%	$82K	$201K	—	as long as short
Gate BCH_USDT	−0.0094%	8h	266.38	−0.135%	$8.3M	$13.3M	75x	as long as short
KuCoin BCHUSDTM	−0.0068%	8h	266.37	−0.139%	$8.6M	$7.1M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0068%	8h	266.30	−0.165%	$25.2M	$74.3M	50x	as long as short
Bitget BCHUSDT	−0.0063%	8h	266.24	−0.187%	$19.2M	$28.1M	75x	as long as short
Bybit BCHUSDTshort	−0.0039%	8h	266.30	−0.165%	$39.3M	$30.8M	75x
Kraken Futures PF_BCHUSD	−0.0031%	1h	266.83	+0.033%	$856K	$3.0M	50x	as long as short
BingX BCH-USDT	−0.0030%	8h	266.49	−0.094%	—	$32.1M	—	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0009%	1h	266.70	−0.014%	$446K	$331K	25x	as long as short
gTrade (Gains Network) BCH/USDlong	L −0.0004% / S +0.0007%	1h	266.74	long leg	$15K	—	150x
dYdX BCH-USD	0.0000%	1h	266.60	−0.053%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.81	+0.026%	$1.1M	$10.2M	2.7x	as long as short
BloFin BCH-USDT	+0.0015%	8h	266.65	−0.034%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0021%	1h	266.35	−0.145%	$162K	$321K	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.297%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	266.52	−0.082%	$2K	$176	10x	as long as short
ApeX Omni BCHUSDT	+0.0044%	1h	266.70	−0.015%	$97K	$227K	50x	as long as short
Lighter BCH	+0.0096%	1h	266.34	−0.150%	$364K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.56	−0.067%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.61	−0.049%	$168K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.57	−0.062%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0357% / S −0.0525%	1h	266.79	+0.019%	$25K	—	100x	as long as short