Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h −0.014%

Price spread now: dYdX against MEXC−0.047%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. dYdX is 0.047% cheaper against MEXC than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 40 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BCH_USDT	266.38	−0.0095	get 0.0095% / 8h	6h 25m	$70.2M	$7.0M	200x
Short	dYdX BCH-USD	266.25	0	get 0.0000% / 1h	25m 15s	$5K	$248	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $19.95
Price spread: −0.047% → 0.000%: −$4.7
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: $1.25
Costs to cover: 0.140%
Break-even: 6.6 days

Slippage unknown: MEXC: live order book, 4 min ago; dYdX: no order-book sample. 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 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 dYdX no order-book sample	—	—	—	—	—

dYdX: 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 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	−0.146%	$2K	$1.8M	30x	as long as short
SoDEX BCH-USD	−0.0510%	1h	266.05	−0.124%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0452%	8h	266.06	−0.120%	$4.9M	$6.6M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0429%	1h	266.23	−0.055%	$450K	$255K	25x	as long as short
Kraken Futures PF_BCHUSD	−0.0298%	1h	266.35	−0.010%	$854K	$3.1M	50x	as long as short
HTX BCH-USDT	−0.0294%	8h	265.95	−0.161%	$780K	$1.6M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0183%	8h	265.53	−0.320%	$387K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0175%	1h	265.37	−0.379%	$97K	$227K	50x	as long as short
Variational Omni BCH	−0.0117%	8h	266.11	−0.103%	$82K	$253K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	265.07	−0.492%	$231K	$2.0M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0109%	8h	266.09	−0.109%	$8.4M	$13.5M	75x	as long as short
Extended BCH-USD	−0.0096%	1h	265.98	−0.149%	$112K	$962K	25x	as long as short
Binance BCHUSDT	−0.0096%	8h	266.05	−0.124%	$72.0M	$230.9M	75x	as long as short
MEXC BCH_USDTlong	−0.0095%	8h	266.38	long leg	$70.2M	$7.0M	200x
Bybit BCHUSDT	−0.0057%	8h	266.14	−0.090%	$39.3M	$33.1M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0045%	8h	266.10	−0.105%	$25.3M	$78.4M	50x	as long as short
Bitget BCHUSDT	−0.0041%	8h	266.05	−0.124%	$19.1M	$29.2M	75x	as long as short
Nado BCH-PERP	−0.0032%	1h	265.75	−0.237%	$421K	$381K	10x	as long as short
BingX BCH-USDC	−0.0031%	8h	265.97	−0.154%	—	$6.5M	—	as long as short
dYdX BCH-USDshort	0.0000%	1h	266.25	−0.047%	$5K	$248	10x
Kalshi KXBCHPERP	0.0000%	8h	266.44	+0.023%	$1.1M	$10.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.23	−0.055%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0033%	8h	266.09	−0.109%	$2K	$176	10x	as long as short
KuCoin BCHUSDTM	+0.0033%	8h	266.06	−0.120%	$8.6M	$7.5M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.434%	$721	$130K	12x	as long as short
Pacifica BCH	+0.0040%	1h	265.93	−0.169%	$162K	$404K	10x	as long as short
Lighter BCH	+0.0096%	1h	266.12	−0.096%	$366K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.25	−0.049%	$5.8M	$5.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.05	−0.123%	$168K	$697K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.36	−0.383%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	266.24	−0.054%	$25K	—	100x	as long as short