Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h +0.011%

Price spread now: GRVT against gTrade (Gains Network)−0.207%68s7-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 GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.207% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.207% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 47 days of funding at the current rate ($0 a day). The two prices were read 68 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	270.65	L 0.0000% / S +0.0007%	pay 0.0000% / 1h	22m 09s	$4K	—	150x
Short	GRVT BCH_USDT_Perp	270.09	0.0015	get 0.0015% / 8h	1h 22m	$394K	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.207%Rate

Funding earned: $3.05
Price spread: −0.207% → 0.000%: −$20.68
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$36.63
Costs to cover: 0.190%
Break-even: 91.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; GRVT: live order book, 60 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 GRVT live order book, 60 min ago	0.56 bp	9.2 bp −$9	26.8 bp −$268	doesn't fit	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
Deribit BCH_USDC-PERPETUAL	−0.0666%	1h	270.63	−0.009%	$459K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0185%	8h	270.61	−0.015%	$5.0M	$6.5M	50x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	−0.167%	$721	$130K	12x	as long as short
Variational Omni BCH	−0.0103%	8h	269.72	−0.345%	$85K	$291K	—	as long as short
SoDEX BCH-USD	−0.0100%	1h	270.53	−0.045%	$2K	$6K	10x	as long as short
Binance BCHUSDT	−0.0050%	8h	270.57	−0.031%	$75.2M	$233.7M	75x	as long as short
MEXC BCH_USDT	−0.0050%	8h	271.11	+0.170%	$71.0M	$6.6M	200x	as long as short
Extended BCH-USD	−0.0048%	1h	270.40	−0.091%	$116K	$653K	25x	as long as short
Bybit BCHUSDT	−0.0047%	8h	270.40	−0.093%	$39.5M	$33.0M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	270.55	−0.039%	$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	270.87	+0.081%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USDlong	L 0.0000% / S +0.0007%	1h	270.65	long leg	$4K	—	150x
Gate BCH_USDT	+0.0003%	8h	270.43	−0.082%	$8.4M	$14.8M	75x	as long as short
Bitget BCHUSDT	+0.0008%	8h	270.55	−0.037%	$19.5M	$29.4M	75x	as long as short
GRVT BCH_USDT_Perpshort	+0.0015%	8h	270.09	−0.207%	$394K	$17K	10x
Coinbase International BCH-PERP-INTX	+0.0016%	1h	270.59	−0.023%	$243K	$2.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0025%	8h	270.51	−0.052%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0070%	8h	270.36	−0.108%	$4.0M	$4.2M	50x	as long as short
BingX BCH-USDT	+0.0071%	8h	270.49	−0.059%	—	$30.5M	—	as long as short
OKX BCH-USDT-SWAP	+0.0074%	8h	270.40	−0.093%	$26.5M	$78.3M	50x	as long as short
Lighter BCH	+0.0096%	1h	270.58	−0.026%	$378K	$584K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	270.39	−0.097%	$444K	$428K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.78	+0.048%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	270.52	−0.050%	$218K	$703K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.36	−0.108%	$164K	$468K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	270.65	0.000%	$9.3M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	269.97	−0.251%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	269.96	−0.255%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	270.30	−0.130%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.44	−0.078%	$778K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0112%	1h	270.84	+0.068%	$821K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0342% / S −0.0467%	1h	270.90	+0.092%	$26K	—	100x	as long as short