Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0239%/8h= −26.2% APRpaid last 24h −0.077%

Price spread now: Deribit against MEXC−0.193%7-day average −0.171% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$270.275% of the position

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.193%, 7d avg −0.171%

Together, before fees−0.119%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Deribit is 0.022% cheaper against MEXC than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.171%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.122% in total (about -6.4% 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	MEXC BCH_USDT	268.61	−0.0115	get 0.0115% / 8h	2h 33m	$71.1M	$6.4M	200x
Short	Deribit BCH_USDC-PERPETUAL	268.09	−0.0354	pay 0.0044% / 1h	33m 42s	$438K	$247K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.193%Rate

Funding earned: −$50.17
Price spread: −0.193% → −0.171%: −$2.19
Slippage, 4 orders: −$16.49
Fee MEXC: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$79.85
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Deribit: live order book, 55 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, 5 min ago	2.61 bp	6.3 bp −$6	9.1 bp −$91	35.7 bp −$3,567	92.6 bp −$46.3K
Sell Deribit live order book, 55 min ago	3.60 bp	8.3 bp −$8	15.8 bp −$158	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
Deribit BCH_USDC-PERPETUALshort	−0.0354%	1h	268.09	−0.193%	$438K	$247K	25x
Injective BCH/USDC PERP	−0.0304%	1h	267.23	−0.514%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0203%	8h	268.00	−0.227%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0176%	1h	267.99	−0.231%	$2K	$6K	10x	as long as short
Binance BCHUSDT	−0.0115%	8h	267.90	−0.264%	$74.0M	$229.0M	75x	as long as short
MEXC BCH_USDTlong	−0.0115%	8h	268.61	long leg	$71.1M	$6.4M	200x
Extended BCH-USD	−0.0112%	1h	267.94	−0.250%	$105K	$643K	25x	as long as short
Variational Omni BCH	−0.0080%	8h	267.64	−0.361%	$85K	$291K	—	as long as short
Bybit BCHUSDT	−0.0062%	8h	267.90	−0.264%	$39.5M	$32.0M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0051%	8h	268.04	−0.214%	$391K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BCHUSDT	−0.0049%	8h	268.07	−0.201%	$20.0M	$28.8M	75x	as long as short
Gate BCH_USDT	−0.0031%	8h	268.00	−0.227%	$8.4M	$14.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	267.90	−0.264%	$246K	$2.0M	50x	as long as short
BingX BCH-USDC	−0.0007%	8h	268.04	−0.212%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	−0.0003%	8h	267.80	−0.302%	$26.3M	$75.8M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	268.19	−0.158%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.22	−0.145%	$1.1M	$11.4M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.07	−0.201%	$4K	—	150x	as long as short
BloFin BCH-USDT	+0.0003%	8h	267.76	−0.316%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.03	−0.216%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.30	−0.116%	$805K	$3.2M	50x	as long as short
Nado BCH-PERP	+0.0081%	1h	268.02	−0.221%	$439K	$427K	10x	as long as short
KuCoin BCHUSDTM	+0.0089%	8h	268.04	−0.212%	$8.9M	$8.0M	75x	as long as short
Lighter BCH	+0.0096%	1h	268.01	−0.223%	$376K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.31	−0.112%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.13	−0.179%	$234K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.98	−0.233%	$169K	$460K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.36	−0.464%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.16	−0.168%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.90	−0.264%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.86	−0.279%	$771K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0372% / S −0.0574%	1h	268.14	−0.176%	$26K	—	100x	as long as short