Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0080%/8h= −8.7% APRpaid last 24h +0.005%

Price spread now: ApeX Omni against MEXC−0.252%51s7-day average −0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as 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−$440.435% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 4 days (all we have)+0.576%+$58 · spread now −0.252%, 7d avg −0.136%

Together, before fees+0.717%+$72 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and ApeX Omni is 0.116% cheaper against MEXC than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.136%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.141%, so the current rate has only just turned against you. The two prices were read 51 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	MEXC BCH_USDT	266.04	−0.0095	get 0.0095% / 8h	6h 24m	$70.1M	$7.0M	200x
Short	ApeX Omni BCHUSDT	265.37	−0.0175	pay 0.0022% / 1h	24m 36s	$97K	$227K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.252%Rate

Funding earned: −$16.72
Price spread: −0.252% → −0.136%: −$11.62
Slippage, 4 orders: −$29.53
Fee MEXC: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$71.88
Costs to cover: 0.435%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; ApeX Omni: live order book, 42 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 MEXC live order book, 4 min ago	3.96 bp	6.6 bp −$7	17.5 bp −$175	44.6 bp −$4,464	96.7 bp −$48.4K
Sell ApeX Omni live order book, 42 min ago	7.08 bp	14.5 bp −$14	94.6 bp −$946	doesn't fit	doesn't fit

BCH on 31 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	−0.0814%	8h	265.99	−0.019%	$2K	$1.8M	30x	as long as short
SoDEX BCH-USD	−0.0510%	1h	266.05	+0.004%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0452%	8h	266.06	+0.008%	$4.9M	$6.6M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0429%	1h	266.23	+0.073%	$450K	$255K	25x	as long as short
Kraken Futures PF_BCHUSD	−0.0298%	1h	266.35	+0.118%	$854K	$3.1M	50x	as long as short
HTX BCH-USDT	−0.0294%	8h	265.95	−0.034%	$780K	$1.6M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0183%	8h	265.53	−0.193%	$387K	$17K	10x	as long as short
ApeX Omni BCHUSDTshort	−0.0175%	1h	265.37	−0.252%	$97K	$227K	50x
Variational Omni BCH	−0.0117%	8h	266.11	+0.025%	$82K	$253K	—	as long as short
Gate BCH_USDT	−0.0114%	8h	265.92	−0.045%	$8.4M	$13.5M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0112%	1h	265.07	−0.365%	$231K	$2.0M	50x	as long as short
Binance BCHUSDT	−0.0096%	8h	265.48	−0.210%	$71.9M	$229.7M	75x	as long as short
Extended BCH-USD	−0.0096%	1h	265.48	−0.211%	$112K	$962K	25x	as long as short
MEXC BCH_USDTlong	−0.0095%	8h	266.04	long leg	$70.1M	$7.0M	200x
Bybit BCHUSDT	−0.0065%	8h	265.53	−0.192%	$39.2M	$33.0M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0047%	8h	265.50	−0.203%	$25.3M	$78.2M	50x	as long as short
Bitget BCHUSDT	−0.0041%	8h	265.59	−0.169%	$19.1M	$29.2M	75x	as long as short
Nado BCH-PERP	−0.0035%	1h	265.60	−0.165%	$421K	$380K	10x	as long as short
BingX BCH-USDT	−0.0031%	8h	265.92	−0.045%	—	$32.3M	—	as long as short
dYdX BCH-USD	0.0000%	1h	266.25	+0.081%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.44	+0.150%	$1.1M	$10.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.23	+0.073%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0033%	8h	266.09	+0.019%	$2K	$176	10x	as long as short
KuCoin BCHUSDTM	+0.0033%	8h	266.03	−0.004%	$8.6M	$7.5M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.564%	$721	$130K	12x	as long as short
Pacifica BCH	+0.0040%	1h	265.91	−0.050%	$162K	$404K	10x	as long as short
Lighter BCH	+0.0096%	1h	265.89	−0.058%	$366K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.19	+0.056%	$5.8M	$5.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.09	+0.017%	$168K	$697K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.36	−0.256%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	266.24	+0.074%	$25K	—	100x	as long as short