Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.011%

Price spread now: Injective against GRVT+0.403%7-day average +1.042% · you sell dearer than you buy

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

Long on GRVT Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 3 days (all we have)−1.878%−$188 · spread now +0.403%, 7d avg +1.042%

Together, before fees−1.720%+ Points / potential airdropGRVT: Active · farm board−$172 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.639% cheaper against GRVT than usual: you would sell low and buy high (−$64 if the spread goes back to its 7-day average of +1.042%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.157%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BCH_USDT_Perp	269.11	0.0028	pay 0.0028% / 8h	32m 01s	$392K	$17K	10x
Short	Injective BCH/USDC PERP	270.20	−0.0054	pay 0.0007% / 1h	32m 01s	$721	$130K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.403%Rate

Funding earned: −$17.22
Price spread: +0.403% → +1.042%: −$63.9
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$90.14
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 46 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 GRVT live order book, 46 min ago	0.93 bp	11.6 bp −$12	28.6 bp −$286	doesn't fit	doesn't fit
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	−0.0329%	1h	269.18	+0.026%	$455K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0151%	8h	269.20	+0.032%	$4.9M	$6.4M	50x	as long as short
Variational Omni BCH	−0.0142%	8h	268.82	−0.110%	$82K	$294K	—	as long as short
SoDEX BCH-USD	−0.0141%	1h	269.06	−0.020%	$2K	$6K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0125%	1h	269.36	+0.092%	$829K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0088%	8h	269.01	−0.039%	$39.4M	$32.6M	75x	as long as short
Injective BCH/USDC PERPshort	−0.0054%	1h	270.20	+0.403%	$721	$130K	12x
Coinbase International BCH-PERP-INTX	−0.0032%	1h	268.89	−0.083%	$236K	$2.0M	50x	as long as short
Extended BCH-USD	−0.0024%	1h	268.93	−0.068%	$116K	$652K	25x	as long as short
Binance BCHUSDT	−0.0020%	8h	269.19	+0.028%	$74.5M	$229.7M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0020%	8h	269.68	+0.210%	$70.6M	$6.7M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	269.01	−0.040%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.45	+0.125%	$1.3M	$11.5M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.26	+0.055%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0009%	8h	269.05	−0.024%	$8.4M	$14.5M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	269.07	−0.016%	$2K	$176	10x	as long as short
GRVT BCH_USDT_Perplong	+0.0028%	8h	269.11	long leg	$392K	$17K	10x
Bitget BCHUSDT	+0.0032%	8h	269.07	−0.016%	$19.2M	$29.2M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0040%	8h	269.00	−0.042%	$26.3M	$77.7M	50x	as long as short
BingX BCH-USDC	+0.0043%	8h	269.09	−0.009%	—	$6.5M	—	as long as short
Lighter BCH	+0.0096%	1h	269.19	+0.027%	$371K	$556K	10x	as long as short
BloFin BCH-USDT	+0.0100%	8h	268.87	−0.091%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.95	−0.061%	$444K	$425K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.53	+0.155%	$6.0M	$4.3M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.09	−0.008%	$216K	$709K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.96	−0.056%	$163K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.19	+0.028%	$9.2M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.98	−0.051%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	269.10	−0.005%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.92	−0.072%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	269.01	−0.039%	$777K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0340%	1h	269.29	+0.066%	$27K	—	100x	as long as short