Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0401%/8h= −43.9% APRpaid last 24h −0.075%

Price spread now: Deribit against Orderly+0.042%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Deribit

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

The price spread pays, funding is against you. Deribit is 0.042% dearer against Orderly than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BCH_USDC	266.94	0.0029	pay 0.0029% / 8h	2h 49m	$2K	$176	10x
Short	Deribit BCH_USDC-PERPETUAL	267.05	−0.0371	pay 0.0046% / 1h	49m 52s	$437K	$251K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Orderly. 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 OrderlybpFee DeribitbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$84.15
Price spread: +0.042% → 0.000%: $4.16
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$92.99
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 39 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Deribit live order book, 39 min ago	3.60 bp	8.3 bp −$8	15.8 bp −$158	doesn't fit	doesn't fit

Orderly: 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-PERPETUALshort	−0.0371%	1h	267.05	+0.042%	$437K	$251K	25x
Injective BCH/USDC PERP	−0.0304%	1h	267.23	+0.109%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0198%	8h	266.96	+0.007%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0137%	1h	266.82	−0.045%	$2K	$6K	10x	as long as short
Binance BCHUSDT	−0.0121%	8h	267.03	+0.034%	$73.7M	$231.6M	75x	as long as short
Extended BCH-USD	−0.0120%	1h	266.93	−0.002%	$105K	$643K	25x	as long as short
MEXC BCH_USDT	−0.0120%	8h	267.53	+0.221%	$70.8M	$6.3M	200x	as long as short
Bybit BCHUSDT	−0.0109%	8h	266.97	+0.011%	$39.4M	$32.4M	75x	as long as short
Variational Omni BCH	−0.0082%	8h	266.75	−0.071%	$85K	$291K	—	as long as short
GRVT BCH_USDT_Perp	−0.0073%	8h	267.12	+0.066%	$389K	$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	−0.0057%	8h	267.04	+0.037%	$20.0M	$29.2M	75x	as long as short
Gate BCH_USDT	−0.0040%	8h	267.07	+0.049%	$8.3M	$14.3M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	266.89	−0.019%	$254K	$2.1M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0021%	8h	266.90	−0.015%	$26.1M	$76.3M	50x	as long as short
BingX BCH-USDC	−0.0018%	8h	267.04	+0.037%	—	$6.5M	—	as long as short
BloFin BCH-USDT	−0.0001%	8h	266.81	−0.049%	$4.0M	$4.1M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.09	+0.058%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.25	+0.116%	$1.1M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.19	+0.094%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDClong	+0.0029%	8h	266.94	long leg	$2K	$176	10x
Nado BCH-PERP	+0.0060%	1h	266.98	+0.017%	$440K	$428K	10x	as long as short
KuCoin BCHUSDTM	+0.0072%	8h	267.11	+0.064%	$8.8M	$8.1M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.14	+0.075%	$804K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.93	−0.005%	$375K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.37	+0.161%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.12	+0.067%	$234K	$674K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.04	+0.039%	$168K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.90	−0.017%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.03	+0.034%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.81	−0.049%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.91	−0.011%	$768K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0365% / S −0.0554%	1h	267.13	+0.072%	$25K	—	100x	as long as short