Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0146%/8h= −16.0% APRpaid last 24h +0.018%

Price spread now: MEXC against Injective−1.625%85s7-day average +0.065% · you buy dearer than you sell

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

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 4 days (all we have)+1.853%+$185 · spread now −1.625%, 7d avg +0.065%

Together, before fees+1.670%+$167 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 1.690% cheaper against Injective than usual: you would sell low and buy high (−$169 if the spread goes back to its 7-day average of +0.065%). Swap the legs. The two prices were read 85 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	41m 52s	$721	$130K	12x
Short	MEXC BCH_USDT	265.81	−0.0113	pay 0.0113% / 8h	5h 41m	$70.2M	$6.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −1.625%Rate

Funding earned: −$30.73
Price spread: −1.625% → +0.065%: −$168.98
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$203.73
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 7 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 MEXC live order book, 7 min ago	5.86 bp	8.3 bp −$8	12.2 bp −$122	43.9 bp −$4,390	85.1 bp −$42.6K

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	−0.1810%	8h	265.94	−1.577%	$1K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0525%	8h	266.01	−1.551%	$769K	$1.5M	75x	as long as short
Phemex BCHUSDT	−0.0465%	8h	266.07	−1.528%	$4.9M	$6.6M	50x	as long as short
SoDEX BCH-USD	−0.0344%	1h	266.07	−1.528%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0190%	8h	264.82	−1.989%	$386K	$17K	10x	as long as short
Nado BCH-PERP	−0.0138%	1h	265.85	−1.610%	$420K	$339K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	265.77	−1.640%	$226K	$1.8M	50x	as long as short
Binance BCHUSDT	−0.0113%	8h	265.44	−1.763%	$72.3M	$215.4M	75x	as long as short
MEXC BCH_USDTshort	−0.0113%	8h	265.81	−1.625%	$70.2M	$6.7M	200x
Extended BCH-USD	−0.0112%	1h	265.38	−1.783%	$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	−0.0086%	8h	265.72	−1.658%	$8.3M	$13.2M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0075%	8h	265.20	−1.850%	$25.3M	$74.2M	50x	as long as short
Bitget BCHUSDT	−0.0052%	8h	265.48	−1.747%	$19.1M	$28.5M	75x	as long as short
KuCoin BCHUSDTM	−0.0039%	8h	265.74	−1.651%	$8.6M	$7.2M	75x	as long as short
Bybit BCHUSDT	−0.0032%	8h	265.54	−1.725%	$39.3M	$31.2M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	266.25	−1.463%	$853K	$3.0M	50x	as long as short
BingX BCH-USDC	−0.0021%	8h	265.80	−1.628%	—	$6.5M	—	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0020%	1h	266.18	−1.490%	$447K	$292K	25x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.20	−1.480%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	266.06	−1.533%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.29	−1.447%	$1.1M	$10.3M	2.7x	as long as short
BloFin BCH-USDT	+0.0007%	8h	265.95	−1.573%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0021%	1h	266.03	−1.544%	$162K	$314K	10x	as long as short
Injective BCH/USDC PERPlong	+0.0033%	1h	270.20	long leg	$721	$130K	12x
Orderly PERP_BCH_USDC	+0.0033%	8h	266.02	−1.547%	$2K	$176	10x	as long as short
Lighter BCH	+0.0096%	1h	266.10	−1.517%	$366K	$477K	10x	as long as short
ApeX Omni BCHUSDT	+0.0098%	1h	265.71	−1.662%	$97K	$226K	50x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.15	−1.499%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.09	−1.520%	$168K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.42	−1.768%	$19K	$293K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0451%	1h	266.23	−1.470%	$25K	—	100x	as long as short