Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.022%

Price spread now: Binance against Injective+0.104%7-day average −0.076% · you sell dearer than you buy

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.189%−$19 on $10k

Price spread, last 3 days (all we have)+0.896%+$90 · spread now +0.104%, 7d avg −0.076%

Together, before fees+0.707%+$71 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.180% dearer against Injective than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.076%. Mind the row above: over the last 7 days funding on this pair cost −0.189%, 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	Injective BCH/USDC PERP	270.20	−0.0054	get 0.0007% / 1h	59m 02s	$721	$130K	12x
Short	Binance BCHUSDT	270.48	−0.0034	pay 0.0034% / 8h	59m 02s	$75.3M	$234.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now +0.104%Rate

Funding earned: $4.24
Price spread: +0.104% → −0.076%: $18
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $12.22
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Binance: live order book, 15 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 Binance live order book, 15 min ago	0.19 bp	6.6 bp −$7	14.0 bp −$140	40.9 bp −$4,085	125.1 bp −$62.5K

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	−0.0256%	1h	270.66	+0.170%	$459K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0192%	8h	270.58	+0.141%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0127%	8h	270.01	−0.069%	$83K	$294K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0124%	1h	270.82	+0.228%	$819K	$3.2M	50x	as long as short
Bybit BCHUSDT	−0.0073%	8h	270.32	+0.044%	$39.6M	$33.1M	75x	as long as short
Injective BCH/USDC PERPlong	−0.0054%	1h	270.20	long leg	$721	$130K	12x
MEXC BCH_USDT	−0.0036%	8h	271.03	+0.307%	$71.0M	$6.6M	200x	as long as short
Binance BCHUSDTshort	−0.0034%	8h	270.48	+0.104%	$75.3M	$234.7M	75x
Extended BCH-USD	−0.0032%	1h	270.46	+0.097%	$116K	$653K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	270.64	+0.163%	$241K	$2.1M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BCH-USD	0.0000%	1h	270.85	+0.240%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	270.86	+0.244%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.65	+0.168%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0009%	8h	270.46	+0.096%	$8.4M	$14.3M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0020%	8h	270.20	−0.001%	$394K	$17K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0024%	8h	270.56	+0.133%	$2K	$176	10x	as long as short
SoDEX BCH-USD	+0.0029%	1h	270.59	+0.144%	$2K	$6K	10x	as long as short
Bitget BCHUSDT	+0.0031%	8h	270.44	+0.089%	$19.6M	$29.6M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0055%	8h	270.30	+0.037%	$26.6M	$78.9M	50x	as long as short
BingX BCH-USDC	+0.0060%	8h	270.49	+0.107%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0086%	8h	270.60	+0.148%	$4.0M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	270.51	+0.115%	$378K	$550K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	270.25	+0.019%	$442K	$429K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.79	+0.218%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	270.49	+0.108%	$218K	$704K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.52	+0.120%	$164K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	270.69	+0.181%	$9.3M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.31	+0.041%	$19K	$291K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.41	+0.078%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	270.24	+0.015%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.51	+0.115%	$778K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0335% / S −0.0340%	1h	270.69	+0.181%	$27K	—	100x	as long as short