Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0137%/8h= −15.0% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against KuCoin−0.444%52s7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$630.632% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 3 days (all we have)+0.519%+$52 · spread now −0.444%, 7d avg +0.032%

Together, before fees+0.555%+$55 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 ApeX Omni is 0.476% cheaper against KuCoin than usual: you would sell low and buy high (−$48 if the spread goes back to its 7-day average of +0.032%). Swap the legs. The two prices were read 52 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	KuCoin BCHUSDTM	268.04	0.0100	pay 0.0100% / 8h	7h 56m	$9.0M	$7.7M	75x
Short	ApeX Omni BCHUSDT	266.85	−0.0037	pay 0.0005% / 1h	56m 41s	$72K	$214K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.444%Rate

Funding earned: −$28.83
Price spread: −0.444% → +0.032%: −$47.56
Slippage, 4 orders: −$41.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$139.6
Costs to cover: 0.632%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; ApeX Omni: live order book, 14 min ago.

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 KuCoin live order book, 2 min ago	2.98 bp	18.6 bp −$19	55.0 bp −$550	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 14 min ago	4.51 bp	12.8 bp −$13	74.7 bp −$747	doesn't fit	doesn't fit

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
Phemex BCHUSDT	−0.1780%	8h	267.82	−0.082%	$4.9M	$6.5M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0365%	1h	268.05	+0.005%	$453K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0332%	1h	267.90	−0.052%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0134%	8h	266.81	−0.457%	$82K	$292K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	267.42	−0.231%	$226K	$2.1M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	268.15	+0.039%	$857K	$3.2M	50x	as long as short
Nado BCH-PERP	−0.0040%	1h	267.91	−0.047%	$441K	$435K	10x	as long as short
ApeX Omni BCHUSDTshort	−0.0037%	1h	266.85	−0.444%	$72K	$214K	50x
Binance BCHUSDT	−0.0034%	8h	268.08	+0.013%	$73.1M	$235.4M	75x	as long as short
MEXC BCH_USDT	−0.0034%	8h	268.47	+0.160%	$70.3M	$6.5M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0032%	1h	267.91	−0.048%	$115K	$648K	25x	as long as short
HTX BCH-USDT	−0.0011%	8h	267.83	−0.078%	$774K	$1.7M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.16	+0.046%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.41	+0.138%	$1.1M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.15	+0.043%	$4K	—	150x	as long as short
GRVT BCH_USDT_Perp	+0.0016%	8h	266.96	−0.402%	$389K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0017%	8h	267.99	−0.019%	$19.2M	$30.0M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0026%	8h	268.00	−0.015%	$26.0M	$78.9M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	267.89	−0.056%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.806%	$721	$130K	12x	as long as short
Gate BCH_USDT	+0.0034%	8h	268.12	+0.030%	$8.4M	$14.0M	75x	as long as short
BloFin BCH-USDT	+0.0086%	8h	267.99	−0.019%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.08	+0.013%	$370K	$526K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.34	+0.112%	$6.0M	$4.5M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.08	+0.013%	$174K	$715K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.09	+0.017%	$163K	$430K	10x	as long as short
Bybit BCHUSDT	+0.0100%	8h	268.03	−0.004%	$39.5M	$33.2M	75x	as long as short
KuCoin BCHUSDTMlong	+0.0100%	8h	268.04	long leg	$9.0M	$7.7M	75x
BingX BCH-USDT	+0.0100%	8h	268.01	−0.011%	—	$31.0M	—	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.01	−0.386%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.86	−0.067%	$2K	$2.0M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0224%	1h	268.17	+0.049%	$31K	—	100x	as long as short