Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.022%

Price spread now: Orderly against gTrade (Gains Network)−0.045%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 Orderly

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. Orderly is 0.045% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 6.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BCH/USD	271.45	L 0.0000% / S +0.0007%	pay 0.0000% / 1h	52m 54s	$5K	—	150x
Short	Orderly PERP_BCH_USDC	271.33	0.0024	get 0.0024% / 8h	52m 54s	$2K	$176	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.045%Rate

Funding earned: $5.05
Price spread: −0.045% → 0.000%: −$4.46
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$15.41
Costs to cover: 0.160%
Break-even: 28.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Orderly: 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	−0.0299%	1h	271.48	+0.011%	$459K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0194%	8h	271.26	−0.070%	$5.0M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0132%	8h	270.91	−0.198%	$83K	$294K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0124%	1h	271.66	+0.076%	$823K	$3.2M	50x	as long as short
Bybit BCHUSDT	−0.0077%	8h	271.20	−0.092%	$39.6M	$33.2M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	−0.461%	$721	$130K	12x	as long as short
Extended BCH-USD	−0.0032%	1h	271.11	−0.127%	$117K	$653K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	271.38	−0.026%	$241K	$2.1M	50x	as long as short
MEXC BCH_USDT	−0.0029%	8h	271.89	+0.162%	$71.2M	$6.6M	200x	as long as short
Binance BCHUSDT	−0.0028%	8h	271.36	−0.034%	$75.6M	$234.9M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BCH-USD	0.0000%	1h	271.30	−0.055%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	271.53	+0.029%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USDlong	L 0.0000% / S +0.0007%	1h	271.45	long leg	$5K	—	150x
Gate BCH_USDT	+0.0007%	8h	271.28	−0.063%	$8.4M	$14.4M	75x	as long as short
SoDEX BCH-USD	+0.0013%	1h	271.35	−0.037%	$2K	$6K	10x	as long as short
Orderly PERP_BCH_USDCshort	+0.0024%	8h	271.33	−0.045%	$2K	$176	10x
GRVT BCH_USDT_Perp	+0.0028%	8h	271.22	−0.084%	$395K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0035%	8h	271.32	−0.048%	$19.6M	$29.6M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0059%	8h	271.20	−0.092%	$26.7M	$79.3M	50x	as long as short
BingX BCH-USDC	+0.0060%	8h	271.22	−0.085%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0092%	8h	271.45	0.000%	$4.0M	$4.3M	50x	as long as short
Nado BCH-PERP	+0.0094%	1h	271.37	−0.029%	$443K	$430K	10x	as long as short
Lighter BCH	+0.0096%	1h	271.39	−0.021%	$375K	$554K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	271.65	+0.073%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	271.36	−0.033%	$219K	$705K	75x	as long as short
Pacifica BCH	+0.0100%	1h	271.27	−0.065%	$165K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	271.41	−0.015%	$9.3M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	271.20	−0.092%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.90	−0.203%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	271.27	−0.067%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	271.35	−0.037%	$780K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0335% / S −0.0340%	1h	271.52	+0.024%	$27K	—	100x	as long as short