Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0019%/8h= +2.0% APRpaid last 24h −0.024%

Price spread now: gTrade (Gains Network) against GRVT−0.174%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on gTrade (Gains Network)

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. gTrade (Gains Network) is 0.174% cheaper against GRVT than usual: you would sell low and buy high (spread −0.174% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 31 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	GRVT BCH_USDT_Perp	263.89	−0.0026	get 0.0026% / 8h	2h 38m	$385K	$17K	10x
Short	gTrade (Gains Network) BCH/USD	263.43	L −0.0004% / S +0.0007%	pay 0.0001% / 1h	38m 47s	$15K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.174%Rate

Funding earned: $3.93
Price spread: −0.174% → 0.000%: −$17.39
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$32.46
Costs to cover: 0.190%
Break-even: 64.8 days

Slippage unknown: GRVT: live order book, 9 min ago; gTrade (Gains Network): 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 GRVT live order book, 9 min ago	1.33 bp	10.3 bp −$10	34.6 bp −$346	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
HTX BCH-USDT	−0.0240%	8h	263.14	−0.284%	$766K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0218%	1h	263.24	−0.246%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0186%	8h	263.22	−0.253%	$5.0M	$6.5M	50x	as long as short
Nado BCH-PERP	−0.0139%	1h	263.01	−0.332%	$429K	$350K	10x	as long as short
SunX BCH-USDT	−0.0110%	8h	263.24	−0.246%	$1K	$1.7M	30x	as long as short
Bitget BCHUSDT	−0.0109%	8h	263.38	−0.193%	$18.8M	$28.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0097%	8h	263.49	−0.151%	$8.4M	$6.8M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0079%	8h	263.30	−0.223%	$25.1M	$76.5M	50x	as long as short
Variational Omni BCH	−0.0070%	8h	263.31	−0.221%	$81K	$196K	—	as long as short
Extended BCH-USD	−0.0056%	1h	263.28	−0.230%	$111K	$1.1M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0054%	8h	263.48	−0.156%	$71.8M	$219.0M	75x	as long as short
MEXC BCH_USDT	−0.0053%	8h	263.88	−0.003%	$69.7M	$8.0M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	263.48	−0.155%	$219K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perplong	−0.0026%	8h	263.89	long leg	$385K	$17K	10x
Bybit BCHUSDT	−0.0022%	8h	263.30	−0.223%	$38.8M	$31.5M	75x	as long as short
BingX BCH-USDC	−0.0014%	8h	263.46	−0.162%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USDshort	L −0.0004% / S +0.0007%	1h	263.43	−0.174%	$15K	—	150x
dYdX BCH-USD	0.0000%	1h	263.49	−0.153%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.55	−0.128%	$985K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	263.44	−0.171%	$438K	$333K	25x	as long as short
Gate BCH_USDT	+0.0005%	8h	263.44	−0.170%	$8.3M	$13.7M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.392%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.29	−0.227%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0066%	8h	263.17	−0.272%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0072%	8h	263.40	−0.187%	$152K	$557K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.52	−0.139%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.66	−0.087%	$5.6M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.22	−0.253%	$158K	$306K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.93	+0.016%	$18K	$329K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	263.82	−0.026%	$96K	$235K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	263.46	−0.161%	$841K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	263.44	−0.169%	$12K	—	100x	as long as short