Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0057%/8h= −6.2% APRpaid last 24h +0.008%

Price spread now: Extended against GRVT+0.022%112s7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.351% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 3 days (all we have)−0.213%−$21 · spread now +0.022%, 7d avg −0.056%

Together, before fees−0.254%+ Points / potential airdropGRVT: Active · Extended: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.079% dearer against GRVT than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.056%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.6 days. At the pace of the last 7 days (−0.041% in total) that is about 13 days. The two prices were read 112 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	GRVT BCH_USDT_Perp	267.17	−0.0063	get 0.0063% / 8h	2h 39m	$389K	$17K	10x
Short	Extended BCH-USD	267.23	−0.0120	pay 0.0015% / 1h	39m 34s	$105K	$643K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$11.97
Price spread: +0.022% → −0.056%: $7.88
Slippage, 4 orders: −$21.08
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$39.17
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from GRVT: live order book, 48 min ago; Extended: live order book, 48 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, 48 min ago	0.19 bp	12.1 bp −$12	23.3 bp −$233	doesn't fit	doesn't fit
Sell Extended live order book, 48 min ago	0.75 bp	7.3 bp −$7	59.3 bp −$593	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
Deribit BCH_USDC-PERPETUAL	−0.0318%	1h	267.69	+0.196%	$438K	$248K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	+0.024%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0201%	8h	267.57	+0.151%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0190%	1h	267.55	+0.144%	$2K	$6K	10x	as long as short
Extended BCH-USDshort	−0.0120%	1h	267.23	+0.022%	$105K	$643K	25x
Binance BCHUSDT	−0.0119%	8h	267.54	+0.140%	$73.9M	$229.0M	75x	as long as short
MEXC BCH_USDT	−0.0119%	8h	268.08	+0.342%	$70.9M	$6.3M	200x	as long as short
Variational Omni BCH	−0.0086%	8h	267.45	+0.107%	$85K	$291K	—	as long as short
Bybit BCHUSDT	−0.0082%	8h	267.40	+0.088%	$39.4M	$32.1M	75x	as long as short
GRVT BCH_USDT_Perplong	−0.0063%	8h	267.17	long leg	$389K	$17K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BCHUSDT	−0.0053%	8h	267.43	+0.099%	$20.0M	$28.7M	75x	as long as short
Gate BCH_USDT	−0.0038%	8h	267.49	+0.122%	$8.4M	$14.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	266.89	−0.103%	$254K	$2.0M	50x	as long as short
BingX BCH-USDC	−0.0012%	8h	267.42	+0.095%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	−0.0010%	8h	267.40	+0.088%	$26.2M	$75.5M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.71	+0.204%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.92	+0.282%	$1.1M	$11.4M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.68	+0.192%	$4K	—	150x	as long as short
BloFin BCH-USDT	+0.0001%	8h	267.48	+0.118%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	267.55	+0.144%	$2K	$176	10x	as long as short
Nado BCH-PERP	+0.0072%	1h	267.42	+0.097%	$440K	$422K	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.86	+0.258%	$804K	$3.2M	50x	as long as short
KuCoin BCHUSDTM	+0.0080%	8h	267.65	+0.181%	$8.9M	$8.0M	75x	as long as short
Lighter BCH	+0.0096%	1h	267.64	+0.180%	$375K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.81	+0.242%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.73	+0.210%	$234K	$674K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.63	+0.175%	$169K	$460K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.10	−0.024%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.18	+0.005%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.47	+0.114%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.48	+0.118%	$769K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0365% / S −0.0554%	1h	267.74	+0.215%	$25K	—	100x	as long as short