Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h −0.021%

Price spread now: gTrade (Gains Network) against Orderly+0.113%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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. gTrade (Gains Network) is 0.113% dearer against Orderly than usual: you sell high and buy low (spread +0.113% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BCH_USDC	268.04	0.0030	pay 0.0030% / 8h	7h 39m	$2K	$176	10x
Short	gTrade (Gains Network) BCH/USD	268.34	L 0.0000% / S +0.0007%	pay 0.0001% / 1h	39m 46s	$4K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.113%Rate

Funding earned: −$7.84
Price spread: +0.113% → 0.000%: $11.34
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$12.5
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly and gTrade (Gains Network): 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
Phemex BCHUSDT	−0.0608%	8h	268.02	−0.007%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0559%	1h	268.01	−0.011%	$2K	$6K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0391%	1h	268.17	+0.049%	$453K	$266K	25x	as long as short
HTX BCH-USDT	−0.0363%	8h	268.01	−0.011%	$775K	$1.6M	75x	as long as short
Gate BCH_USDT	−0.0202%	8h	268.03	−0.004%	$8.4M	$14.2M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0196%	8h	267.99	−0.017%	$390K	$17K	10x	as long as short
Variational Omni BCH	−0.0130%	8h	267.81	−0.086%	$82K	$285K	—	as long as short
Bybit BCHUSDT	−0.0080%	8h	268.00	−0.015%	$39.6M	$32.6M	75x	as long as short
ApeX Omni BCHUSDT	−0.0074%	1h	267.55	−0.183%	$72K	$215K	50x	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	268.22	+0.067%	$225K	$2.0M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0051%	8h	267.93	−0.041%	$72.6M	$230.7M	75x	as long as short
MEXC BCH_USDT	−0.0050%	8h	268.45	+0.153%	$70.3M	$6.6M	200x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	268.22	+0.068%	$855K	$3.1M	50x	as long as short
Extended BCH-USD	−0.0048%	1h	267.88	−0.059%	$113K	$846K	25x	as long as short
Nado BCH-PERP	−0.0017%	1h	268.03	−0.005%	$440K	$421K	10x	as long as short
Bitget BCHUSDT	−0.0006%	8h	267.91	−0.049%	$19.2M	$29.5M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.22	+0.068%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.40	+0.134%	$1.1M	$10.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USDshort	L 0.0000% / S +0.0007%	1h	268.34	+0.113%	$4K	—	150x
OKX BCH-USDT-SWAP	+0.0021%	8h	267.90	−0.052%	$26.0M	$76.6M	50x	as long as short
BingX BCH-USDT	+0.0025%	8h	267.93	−0.041%	—	$31.2M	—	as long as short
Orderly PERP_BCH_USDClong	+0.0030%	8h	268.04	long leg	$2K	$176	10x
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.806%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0069%	8h	267.89	−0.056%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.05	+0.004%	$369K	$529K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.32	+0.104%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.21	+0.063%	$175K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.01	−0.012%	$163K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	267.98	−0.022%	$9.0M	$7.6M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.89	−0.057%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.90	−0.052%	$2K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0224%	1h	268.27	+0.084%	$31K	—	100x	as long as short