Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h −0.084%

Price spread now: Deribit against Gate+0.120%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.176%−$18 on $10k

Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.120%, 7d avg +0.017%

Together, before fees−0.349%−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.103% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.017%. Mind the row above: over the last 7 days funding on this pair cost −0.176%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BCH_USDT	264.29	−0.0051	get 0.0051% / 8h	4h 04m	$8.3M	$13.7M	75x
Short	Deribit BCH_USDC-PERPETUAL	264.61	0	get 0.0000% / 1h	4m 43s	$443K	$331K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now +0.120%Rate

Funding earned: $10.71
Price spread: +0.120% → +0.017%: $10.27
Slippage, 4 orders: −$17.89
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$18.91
Costs to cover: 0.399%
Break-even: 19.4 days

Slippage from Gate: live order book, 4 min ago; Deribit: live order book, 54 min ago.

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 Gate live order book, 4 min ago	1.70 bp	12.3 bp −$12	15.6 bp −$156	30.0 bp −$3,005	41.9 bp −$20.9K
Sell Deribit live order book, 54 min ago	3.66 bp	7.7 bp −$8	15.1 bp −$151	doesn't fit	doesn't fit

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	−0.0388%	8h	264.30	+0.004%	$1K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0293%	1h	264.44	+0.057%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0266%	8h	264.47	+0.068%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERP	−0.0255%	1h	264.35	+0.023%	$430K	$342K	10x	as long as short
HTX BCH-USDT	−0.0233%	8h	264.34	+0.019%	$771K	$1.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.19	+0.341%	$225K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0099%	8h	264.10	−0.072%	$25.2M	$75.1M	50x	as long as short
Binance BCHUSDT	−0.0088%	8h	264.38	+0.036%	$71.8M	$214.7M	75x	as long as short
Extended BCH-USD	−0.0088%	1h	264.14	−0.057%	$112K	$956K	25x	as long as short
MEXC BCH_USDT	−0.0086%	8h	264.80	+0.193%	$70.2M	$7.9M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BCHUSDTM	−0.0086%	8h	264.26	−0.011%	$8.5M	$7.0M	75x	as long as short
Bitget BCHUSDT	−0.0078%	8h	264.32	+0.011%	$18.9M	$28.1M	75x	as long as short
Variational Omni BCH	−0.0074%	8h	264.20	−0.033%	$81K	$197K	—	as long as short
GRVT BCH_USDT_Perp	−0.0060%	8h	265.18	+0.338%	$387K	$17K	10x	as long as short
Gate BCH_USDTlong	−0.0051%	8h	264.29	long leg	$8.3M	$13.7M	75x
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.63	+0.128%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.45	+0.061%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.03	+0.280%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALshort	0.0000%	1h	264.61	+0.120%	$443K	$331K	25x
Bybit BCHUSDT	+0.0005%	8h	264.30	+0.004%	$39.0M	$31.1M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	264.66	+0.141%	$852K	$3.0M	50x	as long as short
BingX BCH-USDC	+0.0014%	8h	264.36	+0.026%	—	$6.5M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.236%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0033%	8h	264.46	+0.064%	$3.9M	$4.3M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0040%	8h	264.47	+0.068%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	264.34	+0.017%	$159K	$304K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.29	−0.001%	$356K	$489K	10x	as long as short
Aster BCHUSDT	+0.0096%	8h	264.66	+0.139%	$162K	$538K	75x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.50	+0.079%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.07	+0.296%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.21	+0.348%	$97K	$231K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0350% / S −0.0506%	1h	264.65	+0.138%	$24K	—	100x	as long as short