Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against OKX−0.173%7-day average +0.080% · 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−$74as in the Price arb table

costs, in and out, $10k−$490.485% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 3 days (all we have)+0.243%+$24 · spread now −0.173%, 7d avg +0.080%

Together, before fees+0.326%+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and ApeX Omni is 0.253% cheaper against OKX than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.080%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.084%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BCH-USDT-SWAP	266.00	−0.0029	get 0.0029% / 8h	6h 49m	$25.9M	$76.8M	50x
Short	ApeX Omni BCHUSDT	265.54	−0.0189	pay 0.0024% / 1h	49m 30s	$97K	$226K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.173%Rate

Funding earned: −$33.54
Price spread: −0.173% → +0.080%: −$25.25
Slippage, 4 orders: −$28.52
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$107.32
Costs to cover: 0.485%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; ApeX Omni: live order book, 17 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 OKX live order book, 4 min ago	1.89 bp	10.3 bp −$10	19.7 bp −$197	149.4 bp −$14.9K	doesn't fit
Sell ApeX Omni live order book, 17 min ago	7.08 bp	14.5 bp −$14	94.6 bp −$946	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-PERPETUAL	−0.0467%	1h	266.28	+0.104%	$450K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0460%	8h	266.16	+0.060%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0442%	1h	266.21	+0.079%	$2K	$6K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0298%	1h	266.50	+0.188%	$853K	$3.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0218%	8h	265.32	−0.256%	$387K	$17K	10x	as long as short
ApeX Omni BCHUSDTshort	−0.0189%	1h	265.54	−0.173%	$97K	$226K	50x
Gate BCH_USDT	−0.0144%	8h	266.27	+0.102%	$8.4M	$13.2M	75x	as long as short
Variational Omni BCH	−0.0123%	8h	265.51	−0.185%	$81K	$285K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	266.10	+0.038%	$236K	$2.1M	50x	as long as short
Extended BCH-USD	−0.0088%	1h	266.18	+0.067%	$112K	$966K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0086%	8h	266.03	+0.011%	$71.9M	$233.5M	75x	as long as short
MEXC BCH_USDT	−0.0085%	8h	266.50	+0.188%	$69.9M	$6.8M	200x	as long as short
Bybit BCHUSDT	−0.0078%	8h	266.10	+0.038%	$39.2M	$33.2M	75x	as long as short
HTX BCH-USDT	−0.0051%	8h	266.08	+0.030%	$778K	$1.6M	75x	as long as short
SunX BCH-USDT	−0.0034%	8h	265.96	−0.015%	$2K	$1.9M	30x	as long as short
Nado BCH-PERP	−0.0033%	1h	266.15	+0.057%	$435K	$425K	10x	as long as short
Bitget BCHUSDT	−0.0030%	8h	266.14	+0.053%	$19.1M	$29.8M	75x	as long as short
OKX BCH-USDT-SWAPlong	−0.0029%	8h	266.00	long leg	$25.9M	$76.8M	50x
BingX BCH-USDC	−0.0012%	8h	266.17	+0.064%	—	$6.5M	—	as long as short
dYdX BCH-USD	0.0000%	1h	266.66	+0.246%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.32	+0.120%	$1.1M	$11.0M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.28	+0.105%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	265.99	−0.004%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.579%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0035%	8h	265.85	−0.056%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0040%	1h	266.35	+0.131%	$162K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0080%	8h	266.19	+0.071%	$8.6M	$7.6M	75x	as long as short
Lighter BCH	+0.0096%	1h	266.19	+0.071%	$366K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.43	+0.162%	$5.8M	$5.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.42	+0.156%	$170K	$688K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.13	−0.329%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	266.22	+0.083%	$25K	—	100x	as long as short