Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0265%/8h= +29.1% APRpaid last 24h −0.022%

Price spread now: Injective against Gate+0.806%84s7-day average +0.081% · you sell dearer than you buy

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 3 days (all we have)−2.105%−$211 · spread now +0.806%, 7d avg +0.081%

Together, before fees−1.956%−$196 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Injective is 0.725% dearer against Gate than usual: you sell high and buy low: +$73 more if the spread goes back to its 7-day average of +0.081%. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.149% in total (about 7.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BCH_USDT	268.04	−0.0232	get 0.0232% / 8h	7h 43m	$8.4M	$14.1M	75x
Short	Injective BCH/USDC PERP	270.20	0.0033	get 0.0004% / 1h	43m 54s	$721	$130K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.806%Rate

Funding earned: $55.72
Price spread: +0.806% → +0.081%: $72.53
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $113.23
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 5 min ago; Injective: 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 Gate live order book, 5 min ago	0.19 bp	11.8 bp −$12	16.9 bp −$169	35.1 bp −$3,510	47.7 bp −$23.9K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0623%	1h	267.78	−0.096%	$452K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0533%	1h	267.66	−0.142%	$2K	$6K	10x	as long as short
HTX BCH-USDT	−0.0395%	8h	267.63	−0.153%	$774K	$1.6M	75x	as long as short
Phemex BCHUSDT	−0.0391%	8h	267.68	−0.134%	$4.9M	$6.5M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0235%	8h	267.57	−0.175%	$390K	$17K	10x	as long as short
Gate BCH_USDTlong	−0.0232%	8h	268.04	long leg	$8.4M	$14.1M	75x
Variational Omni BCH	−0.0133%	8h	267.11	−0.347%	$82K	$289K	—	as long as short
ApeX Omni BCHUSDT	−0.0110%	1h	267.32	−0.269%	$72K	$214K	50x	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	267.52	−0.194%	$224K	$2.0M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	267.96	−0.030%	$857K	$3.1M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0048%	1h	267.89	−0.055%	$116K	$742K	25x	as long as short
Binance BCHUSDT	−0.0048%	8h	267.96	−0.028%	$72.8M	$230.3M	75x	as long as short
MEXC BCH_USDT	−0.0047%	8h	268.40	+0.134%	$70.3M	$6.6M	200x	as long as short
Bybit BCHUSDT	−0.0010%	8h	268.00	−0.015%	$39.7M	$32.5M	75x	as long as short
Nado BCH-PERP	−0.0005%	1h	267.64	−0.150%	$439K	$421K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	267.83	−0.079%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.11	+0.026%	$1.1M	$10.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.95	−0.033%	$4K	—	150x	as long as short
Bitget BCHUSDT	+0.0001%	8h	267.85	−0.071%	$19.4M	$29.3M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0025%	8h	267.90	−0.052%	$26.0M	$76.7M	50x	as long as short
BingX BCH-USDT	+0.0028%	8h	267.96	−0.030%	—	$31.0M	—	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	267.73	−0.116%	$2K	$176	10x	as long as short
Injective BCH/USDC PERPshort	+0.0033%	1h	270.20	+0.806%	$721	$130K	12x
BloFin BCH-USDT	+0.0072%	8h	267.69	−0.131%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	267.75	−0.107%	$369K	$529K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.06	+0.007%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.74	−0.113%	$175K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.75	−0.109%	$163K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	267.95	−0.034%	$9.0M	$7.6M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.50	−0.201%	$19K	$291K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.57	−0.175%	$1K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0224%	1h	267.90	−0.053%	$31K	—	100x	as long as short