Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h +0.016%

Price spread now: Gate against Injective+0.093%84s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.155%−$15 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Gate is 0.093% dearer against Injective than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.155%, so the current rate has only just turned in your favour. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.155% in total (about -8.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BCH/USDC PERP	268.50	−0.0304	get 0.0038% / 1h	13m 54s	$716	$110K	12x
Short	Gate BCH_USDT	268.75	−0.0020	pay 0.0020% / 8h	2h 13m	$8.4M	$14.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.093%Rate

Funding earned: $59.57
Price spread: +0.093% → 0.000%: $9.31
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $53.86
Costs to cover: 0.150%
Break-even: 0.7 days

Slippage unknown: Injective: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	1.86 bp	11.2 bp −$11	17.6 bp −$176	56.1 bp −$5,609	80.1 bp −$40.1K

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	−0.0378%	1h	268.74	+0.088%	$440K	$247K	25x	as long as short
Injective BCH/USDC PERPlong	−0.0304%	1h	268.50	long leg	$716	$110K	12x
Phemex BCHUSDT	−0.0193%	8h	268.69	+0.071%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0132%	1h	268.66	+0.060%	$2K	$6K	10x	as long as short
MEXC BCH_USDT	−0.0097%	8h	269.31	+0.302%	$71.4M	$6.4M	200x	as long as short
Binance BCHUSDT	−0.0096%	8h	268.63	+0.050%	$74.1M	$229.4M	75x	as long as short
Extended BCH-USD	−0.0096%	1h	268.52	+0.008%	$115K	$653K	25x	as long as short
Variational Omni BCH	−0.0069%	8h	268.54	+0.014%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0039%	8h	268.58	+0.030%	$19.9M	$28.9M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	269.02	+0.194%	$243K	$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
GRVT BCH_USDT_Perp	−0.0023%	8h	268.72	+0.083%	$392K	$17K	10x	as long as short
Gate BCH_USDTshort	−0.0020%	8h	268.75	+0.093%	$8.4M	$14.4M	75x
Bybit BCHUSDT	−0.0010%	8h	268.51	+0.004%	$39.5M	$32.1M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.72	+0.083%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.07	+0.212%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.78	+0.104%	$4K	—	150x	as long as short
BingX BCH-USDT	+0.0018%	8h	268.68	+0.067%	—	$32.1M	—	as long as short
BloFin BCH-USDT	+0.0022%	8h	268.64	+0.052%	$4.0M	$4.1M	50x	as long as short
OKX BCH-USDT-SWAP	+0.0024%	8h	268.50	0.000%	$26.4M	$76.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0027%	8h	268.64	+0.052%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.92	+0.156%	$806K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.76	+0.098%	$377K	$581K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.54	+0.013%	$440K	$425K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.89	+0.145%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.80	+0.112%	$236K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.61	+0.042%	$169K	$460K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.79	+0.108%	$8.9M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.68	+0.066%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.74	+0.089%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.42	−0.030%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.61	+0.041%	$774K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0373% / S −0.0574%	1h	268.74	+0.090%	$26K	—	100x	as long as short