Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.033%

Price spread now: Aster against Injective−1.771%97s7-day average −0.098% · you buy dearer than you sell

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

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+1.952%+$195 · spread now −1.771%, 7d avg −0.098%

Together, before fees+1.934%+ Points / potential airdropAster: Stage 5 · farm board+$193 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 1.673% cheaper against Injective than usual: you would sell low and buy high (spread −1.771% now, against its 7-day average of −0.098%). If the spread goes back, that is −$167 on $10k: about 3 months of funding at the current rate (+$2 a day). The two prices were read 97 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	Injective BCH/USDC PERP	270.20	0.0033	pay 0.0004% / 1h	45m 41s	$721	$130K	12x
Short	Aster BCHUSDT	265.42	0.0100	get 0.0100% / 8h	5h 45m	$168K	$519K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −1.771%Rate

Funding earned: $14
Price spread: −1.771% → −0.098%: −$167.28
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$161.3
Costs to cover: 0.080%
Break-even: 87.6 days

Slippage unknown: Injective: no order-book sample; Aster: live order book, 17 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Aster live order book, 17 min ago	4.33 bp	12.0 bp −$12	28.9 bp −$289	doesn't fit	doesn't fit

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
SunX BCH-USDT	−0.1891%	8h	264.75	−2.017%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0545%	8h	265.32	−1.806%	$770K	$1.5M	75x	as long as short
Phemex BCHUSDT	−0.0440%	8h	265.32	−1.806%	$4.9M	$6.6M	50x	as long as short
SoDEX BCH-USD	−0.0390%	1h	265.31	−1.810%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0191%	8h	265.07	−1.900%	$386K	$17K	10x	as long as short
Nado BCH-PERP	−0.0154%	1h	265.05	−1.906%	$419K	$339K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	265.41	−1.773%	$226K	$1.8M	50x	as long as short
MEXC BCH_USDT	−0.0114%	8h	265.64	−1.688%	$70.1M	$6.7M	200x	as long as short
Binance BCHUSDT	−0.0113%	8h	265.41	−1.773%	$72.1M	$215.4M	75x	as long as short
Extended BCH-USD	−0.0112%	1h	265.53	−1.728%	$112K	$953K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BCH	−0.0104%	8h	265.00	−1.923%	$81K	$201K	—	as long as short
Gate BCH_USDT	−0.0098%	8h	265.64	−1.688%	$8.3M	$13.2M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0072%	8h	265.40	−1.776%	$25.2M	$74.2M	50x	as long as short
Bitget BCHUSDT	−0.0050%	8h	265.53	−1.728%	$19.2M	$28.5M	75x	as long as short
KuCoin BCHUSDTM	−0.0036%	8h	265.56	−1.717%	$8.6M	$7.2M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	265.53	−1.727%	$851K	$3.0M	50x	as long as short
Bybit BCHUSDT	−0.0030%	8h	265.50	−1.739%	$39.3M	$31.1M	75x	as long as short
BingX BCH-USDT	−0.0021%	8h	265.55	−1.721%	—	$32.1M	—	as long as short
ApeX Omni BCHUSDT	−0.0017%	1h	264.20	−2.221%	$96K	$226K	50x	as long as short
dYdX BCH-USD	0.0000%	1h	265.51	−1.737%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.80	−1.628%	$1.1M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.61	−1.697%	$447K	$292K	25x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.59	−1.706%	$4K	—	150x	as long as short
BloFin BCH-USDT	+0.0005%	8h	264.67	−2.047%	—	$4.2M	50x	as long as short
Pacifica BCH	+0.0021%	1h	265.43	−1.765%	$161K	$314K	10x	as long as short
Injective BCH/USDC PERPlong	+0.0033%	1h	270.20	long leg	$721	$130K	12x
Orderly PERP_BCH_USDC	+0.0034%	8h	265.35	−1.795%	$2K	$176	10x	as long as short
Lighter BCH	+0.0096%	1h	265.25	−1.831%	$365K	$477K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.42	−1.769%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDTshort	+0.0100%	8h	265.42	−1.771%	$168K	$519K	75x
edgeX BCHUSDC	+0.0100%	4h	264.09	−2.260%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.60	−1.704%	$25K	—	100x	as long as short