Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.003%

Price spread now: GRVT against Injective−0.247%7-day average — · you buy dearer than you sell

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

Long on Injective Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

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. GRVT is 0.247% cheaper against Injective than usual: you would sell low and buy high (spread −0.247% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 3.7 days of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.166%, 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	267.99	−0.0304	get 0.0038% / 1h	58m 11s	$715	$47K	12x
Short	GRVT BCH_USDT_Perp	267.33	−0.0084	pay 0.0084% / 8h	2h 58m	$390K	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.247%Rate

Funding earned: $46.13
Price spread: −0.247% → 0.000%: −$24.66
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $12.45
Costs to cover: 0.090%
Break-even: 5.1 days

Slippage unknown: Injective: no order-book sample; GRVT: live order book, 29 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 GRVT live order book, 29 min ago	0.19 bp	8.9 bp −$9	22.1 bp −$221	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
Injective BCH/USDC PERPlong	−0.0304%	1h	267.99	long leg	$715	$47K	12x
Phemex BCHUSDT	−0.0207%	8h	266.90	−0.407%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0136%	1h	266.86	−0.422%	$2K	$6K	10x	as long as short
MEXC BCH_USDT	−0.0124%	8h	267.73	−0.097%	$70.9M	$6.3M	200x	as long as short
Binance BCHUSDT	−0.0124%	8h	266.81	−0.442%	$73.8M	$231.7M	75x	as long as short
Bybit BCHUSDT	−0.0120%	8h	266.90	−0.407%	$39.4M	$32.5M	75x	as long as short
Extended BCH-USD	−0.0120%	1h	266.82	−0.437%	$105K	$643K	25x	as long as short
Variational Omni BCH	−0.0091%	8h	267.35	−0.237%	$85K	$291K	—	as long as short
GRVT BCH_USDT_Perpshort	−0.0084%	8h	267.33	−0.247%	$390K	$17K	10x
Bitget BCHUSDT	−0.0059%	8h	266.86	−0.422%	$20.1M	$29.1M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0048%	8h	267.15	−0.313%	$8.3M	$14.3M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0035%	1h	266.99	−0.373%	$437K	$254K	25x	as long as short
BingX BCH-USDC	−0.0032%	8h	267.03	−0.358%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	−0.0030%	8h	266.90	−0.407%	$26.1M	$76.3M	50x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	267.52	−0.175%	$261K	$2.1M	50x	as long as short
BloFin BCH-USDT	−0.0004%	8h	267.26	−0.272%	$4.0M	$4.1M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.45	−0.202%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.37	−0.231%	$1.1M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.17	−0.305%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	266.94	−0.392%	$2K	$176	10x	as long as short
Nado BCH-PERP	+0.0061%	1h	267.19	−0.300%	$438K	$430K	10x	as long as short
KuCoin BCHUSDTM	+0.0063%	8h	267.25	−0.276%	$8.8M	$8.1M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.09	−0.338%	$805K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.95	−0.388%	$375K	$579K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.47	−0.194%	$6.0M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.35	−0.240%	$234K	$682K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.27	−0.269%	$169K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.31	−0.252%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.38	−0.228%	$73K	$215K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.97	−0.381%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.02	−0.362%	$771K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0371% / S −0.0574%	1h	267.12	−0.324%	$26K	—	100x	as long as short