Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.062%

Price spread now: Deribit against GRVT+0.228%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on GRVT Short on Deribit

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)−0.443%−$44 · spread now +0.228%, 7d avg +0.031%

Together, before fees−0.593%+ Points / potential airdropGRVT: Active · farm board−$59 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 0.197% dearer against GRVT than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.031%. Mind the row above: over the last 7 days funding on this pair cost −0.149%, 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	GRVT BCH_USDT_Perp	266.83	−0.0076	get 0.0076% / 8h	2h 54m	$389K	$17K	10x
Short	Deribit BCH_USDC-PERPETUAL	267.44	0	get 0.0000% / 1h	54m 27s	$437K	$251K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against GRVT. 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 GRVTbpFee DeribitbpOrdersPrice spread, now +0.228%Rate

Funding earned: $15.96
Price spread: +0.228% → +0.031%: $19.71
Slippage, 4 orders: −$20.38
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$0.71
Costs to cover: 0.364%
Break-even: 7.3 days

Slippage from GRVT: live order book, 33 min ago; Deribit: live order book, 34 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 GRVT live order book, 33 min ago	0.19 bp	12.1 bp −$12	23.3 bp −$233	doesn't fit	doesn't fit
Sell Deribit live order book, 34 min ago	3.60 bp	8.3 bp −$8	15.8 bp −$158	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
Injective BCH/USDC PERP	−0.0304%	1h	267.23	+0.151%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0194%	8h	267.28	+0.170%	$4.9M	$6.3M	50x	as long as short
Binance BCHUSDT	−0.0123%	8h	266.49	−0.126%	$73.6M	$231.5M	75x	as long as short
MEXC BCH_USDT	−0.0123%	8h	267.42	+0.222%	$70.8M	$6.3M	200x	as long as short
Extended BCH-USD	−0.0120%	1h	266.34	−0.181%	$105K	$643K	25x	as long as short
Bybit BCHUSDT	−0.0114%	8h	266.38	−0.167%	$39.3M	$32.5M	75x	as long as short
Variational Omni BCH	−0.0085%	8h	266.75	−0.029%	$85K	$291K	—	as long as short
GRVT BCH_USDT_Perplong	−0.0076%	8h	266.83	long leg	$389K	$17K	10x
SoDEX BCH-USD	−0.0062%	1h	267.29	+0.174%	$2K	$6K	10x	as long as short
Bitget BCHUSDT	−0.0058%	8h	266.44	−0.145%	$19.9M	$29.2M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0046%	8h	266.68	−0.055%	$8.3M	$14.3M	75x	as long as short
BingX BCH-USDT	−0.0025%	8h	266.64	−0.070%	—	$32.2M	—	as long as short
OKX BCH-USDT-SWAP	−0.0025%	8h	266.30	−0.197%	$26.1M	$76.2M	50x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	267.44	+0.230%	$255K	$2.1M	50x	as long as short
BloFin BCH-USDT	−0.0003%	8h	267.07	+0.091%	$4.0M	$4.1M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.05	+0.084%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.91	+0.031%	$1.1M	$11.7M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALshort	0.0000%	1h	267.44	+0.228%	$437K	$251K	25x
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.27	+0.166%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	267.30	+0.177%	$2K	$176	10x	as long as short
Nado BCH-PERP	+0.0050%	1h	266.56	−0.100%	$439K	$428K	10x	as long as short
KuCoin BCHUSDTM	+0.0066%	8h	267.10	+0.102%	$8.8M	$8.1M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.53	+0.265%	$805K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.99	+0.060%	$375K	$579K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.81	−0.006%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.17	+0.128%	$234K	$674K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.93	+0.040%	$168K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.84	+0.004%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	266.97	+0.054%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.97	+0.054%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.18	+0.132%	$769K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0365% / S −0.0554%	1h	267.34	+0.191%	$25K	—	100x	as long as short