Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.018%

Price spread now: dYdX against Orderly+0.066%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 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

The price spread pays, funding is against you. dYdX is 0.066% dearer against Orderly than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BCH_USDC	265.18	0.0046	pay 0.0046% / 8h	1h 59m	$2K	$176	10x
Short	dYdX BCH-USD	265.35	0	get 0.0000% / 1h	59m 25s	$5K	$240	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$9.68
Price spread: +0.066% → 0.000%: $6.59
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$19.09
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Orderly and 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 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
SoDEX BCH-USD	−0.0268%	1h	265.09	−0.034%	$2K	$8K	10x	as long as short
Nado BCH-PERP	−0.0195%	1h	265.06	−0.044%	$436K	$355K	10x	as long as short
HTX BCH-USDT	−0.0194%	8h	265.03	−0.057%	$774K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0173%	8h	265.07	−0.041%	$5.0M	$6.6M	50x	as long as short
KuCoin BCHUSDTM	−0.0097%	8h	265.22	+0.015%	$8.5M	$6.8M	75x	as long as short
Bitget BCHUSDT	−0.0097%	8h	265.09	−0.034%	$19.0M	$28.5M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0070%	8h	265.10	−0.030%	$25.3M	$78.2M	50x	as long as short
Variational Omni BCH	−0.0070%	8h	265.20	+0.008%	$81K	$196K	—	as long as short
Binance BCHUSDT	−0.0044%	8h	265.20	+0.008%	$73.1M	$221.0M	75x	as long as short
MEXC BCH_USDT	−0.0042%	8h	265.47	+0.109%	$70.7M	$8.5M	200x	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	−0.0040%	1h	264.97	−0.078%	$115K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	265.56	+0.143%	$221K	$1.9M	50x	as long as short
Bybit BCHUSDT	−0.0030%	8h	265.20	+0.008%	$39.0M	$31.8M	75x	as long as short
BingX BCH-USDT	−0.0020%	8h	265.11	−0.026%	—	$32.9M	—	as long as short
SunX BCH-USDT	−0.0014%	8h	264.96	−0.083%	$2K	$1.7M	30x	as long as short
GRVT BCH_USDT_Perp	−0.0012%	8h	265.31	+0.049%	$387K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.32	+0.052%	$15K	—	150x	as long as short
dYdX BCH-USDshort	0.0000%	1h	265.35	+0.066%	$5K	$240	10x
Kalshi KXBCHPERP	0.0000%	8h	265.42	+0.091%	$992K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.23	+0.018%	$441K	$333K	25x	as long as short
Gate BCH_USDT	+0.0016%	8h	265.23	+0.019%	$8.4M	$13.8M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.893%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDClong	+0.0046%	8h	265.18	long leg	$2K	$176	10x
Aster BCHUSDT	+0.0064%	8h	265.10	−0.032%	$150K	$564K	75x	as long as short
BloFin BCH-USDT	+0.0077%	8h	265.23	+0.019%	$3.9M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	265.12	−0.023%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.33	+0.057%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.10	−0.029%	$159K	$312K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.30	+0.043%	$18K	$347K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.60	+0.158%	$95K	$237K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0179%	1h	265.26	+0.030%	$848K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.35	+0.063%	$12K	—	100x	as long as short