Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.028%

Price spread now: Injective against OKX+0.483%7-day average +0.099% · you sell dearer than you buy

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

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 3 days (all we have)−1.932%−$193 · spread now +0.483%, 7d avg +0.099%

Together, before fees−1.793%−$179 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.385% dearer against OKX than usual: you sell high and buy low (spread +0.483% now, against its 7-day average of +0.099%): +$38 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 14 days. Mind the row above: over the last 7 days funding on this pair paid +0.139%, 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	268.90	0.0039	pay 0.0039% / 8h	29m 15s	$26.3M	$77.6M	50x
Short	Injective BCH/USDC PERP	270.20	−0.0054	pay 0.0007% / 1h	29m 15s	$721	$130K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.483%Rate

Funding earned: −$19.56
Price spread: +0.483% → +0.099%: $38.46
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $8.87
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 5 min ago; Injective: 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 OKX live order book, 5 min ago	1.86 bp	8.2 bp −$8	16.3 bp −$163	63.7 bp −$6,367	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 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	−0.0281%	1h	269.02	+0.044%	$454K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0147%	8h	269.05	+0.056%	$4.9M	$6.4M	50x	as long as short
Variational Omni BCH	−0.0142%	8h	268.92	+0.007%	$82K	$294K	—	as long as short
SoDEX BCH-USD	−0.0137%	1h	268.91	+0.004%	$2K	$6K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0125%	1h	269.22	+0.118%	$829K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0091%	8h	268.90	0.000%	$39.4M	$32.5M	75x	as long as short
Injective BCH/USDC PERPshort	−0.0054%	1h	270.20	+0.483%	$721	$130K	12x
Coinbase International BCH-PERP-INTX	−0.0032%	1h	268.97	+0.026%	$233K	$2.0M	50x	as long as short
MEXC BCH_USDT	−0.0018%	8h	269.43	+0.197%	$70.5M	$6.7M	200x	as long as short
Binance BCHUSDT	−0.0018%	8h	268.97	+0.026%	$74.4M	$229.5M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0016%	1h	268.84	−0.022%	$116K	$652K	25x	as long as short
dYdX BCH-USD	0.0000%	1h	269.01	+0.041%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.08	+0.067%	$1.3M	$11.5M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.95	+0.020%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0008%	8h	268.96	+0.022%	$8.4M	$14.5M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.94	+0.015%	$2K	$176	10x	as long as short
Bitget BCHUSDT	+0.0030%	8h	268.89	−0.004%	$19.1M	$29.2M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0032%	8h	269.11	+0.077%	$392K	$17K	10x	as long as short
OKX BCH-USDT-SWAPlong	+0.0039%	8h	268.90	long leg	$26.3M	$77.6M	50x
BingX BCH-USDT	+0.0040%	8h	268.92	+0.007%	—	$31.0M	—	as long as short
Lighter BCH	+0.0096%	1h	269.04	+0.052%	$371K	$556K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.67	−0.086%	$444K	$426K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.37	+0.175%	$6.0M	$4.3M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.89	−0.004%	$214K	$671K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.92	+0.007%	$163K	$440K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.96	+0.022%	$9.2M	$7.7M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.75	−0.057%	$19K	$291K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.81	−0.033%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.71	−0.071%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.63	−0.100%	$776K	$1.6M	75x	as long as short
BloFin BCH-USDT	+0.0102%	8h	268.83	−0.026%	$4.0M	$4.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0340%	1h	268.96	+0.023%	$27K	—	100x	as long as short