Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0187%/8h= +20.5% APRpaid last 24h +0.010%

Price spread now: edgeX against OKX+0.235%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.235%, 7d avg +0.013%

Together, before fees+0.104%+ Points / potential airdropedgeX: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and edgeX is 0.222% dearer against OKX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.013%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.108% in total (about 5.6% 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	OKX BCH-USDT-SWAP	264.20	−0.0087	get 0.0087% / 8h	4h 51m	$24.9M	$74.0M	50x
Short	edgeX BCHUSDC	264.82	0.0100	get 0.0050% / 4h	51m 34s	$19K	$290K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.235%Rate

Funding earned: $39.35
Price spread: +0.235% → +0.013%: $22.24
Slippage, 4 orders: −$24.02
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $18.57
Costs to cover: 0.430%
Break-even: 3.7 days

Slippage from OKX: live order book, 2 min ago; edgeX: live order book, 6 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, 2 min ago	1.89 bp	10.5 bp −$11	18.2 bp −$182	117.9 bp −$11.8K	doesn't fit
Sell edgeX live order book, 6 min ago	7.39 bp	12.0 bp −$12	14.6 bp −$146	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
SunX BCH-USDT	−0.0838%	8h	264.12	−0.030%	$1K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0406%	1h	264.08	−0.045%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0344%	8h	264.30	+0.038%	$771K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0336%	8h	264.24	+0.015%	$4.9M	$6.3M	50x	as long as short
Nado BCH-PERP	−0.0195%	1h	264.05	−0.057%	$420K	$338K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0162%	1h	264.30	+0.038%	$442K	$331K	25x	as long as short
GRVT BCH_USDT_Perp	−0.0114%	8h	264.97	+0.290%	$386K	$17K	10x	as long as short
Binance BCHUSDT	−0.0105%	8h	264.23	+0.011%	$71.9M	$213.4M	75x	as long as short
Extended BCH-USD	−0.0104%	1h	263.98	−0.084%	$112K	$952K	25x	as long as short
MEXC BCH_USDT	−0.0104%	8h	264.54	+0.129%	$70.0M	$7.3M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.07	+0.329%	$221K	$1.8M	50x	as long as short
Gate BCH_USDT	−0.0099%	8h	264.30	+0.038%	$8.3M	$13.3M	75x	as long as short
Variational Omni BCH	−0.0092%	8h	265.11	+0.343%	$81K	$201K	—	as long as short
OKX BCH-USDT-SWAPlong	−0.0087%	8h	264.20	long leg	$24.9M	$74.0M	50x
KuCoin BCHUSDTM	−0.0083%	8h	264.18	−0.008%	$8.5M	$7.1M	75x	as long as short
Bitget BCHUSDT	−0.0074%	8h	264.13	−0.026%	$19.0M	$28.1M	75x	as long as short
BingX BCH-USDC	−0.0039%	8h	264.51	+0.117%	—	$6.5M	—	as long as short
Bybit BCHUSDT	−0.0030%	8h	264.11	−0.034%	$39.0M	$30.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.29	+0.034%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.43	+0.087%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.76	+0.212%	$1.1M	$10.2M	2.7x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	264.30	+0.039%	$847K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0016%	8h	264.84	+0.242%	$4.0M	$4.2M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.271%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0035%	8h	264.26	+0.023%	$2K	$176	10x	as long as short
ApeX Omni BCHUSDT	+0.0060%	1h	264.95	+0.284%	$96K	$228K	50x	as long as short
Pacifica BCH	+0.0077%	1h	264.11	−0.033%	$161K	$321K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.16	−0.014%	$361K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.47	+0.104%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.32	+0.045%	$167K	$519K	75x	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	264.82	+0.235%	$19K	$290K	20x
GMX BCH/USD [WBTC.b-USDC]	L +0.0356% / S −0.0525%	1h	264.45	+0.094%	$25K	—	100x	as long as short