Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.020%

Price spread now: GRVT against Pacifica−0.018%112s7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.391% of the position

Long on Pacifica Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 3 days (all we have)+0.103%+$10 · spread now −0.018%, 7d avg −0.016%

Together, before fees+0.118%+ Points / potential airdropPacifica: Active · GRVT: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BCH	266.32	0.0100	pay 0.0013% / 1h	11m 46s	$162K	$431K	10x
Short	GRVT BCH_USDT_Perp	266.27	0.0024	get 0.0024% / 8h	11m 46s	$388K	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Pacifica. 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 PacificabpFee GRVTbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$15.96
Price spread: −0.018% → −0.016%: −$0.16
Slippage, 4 orders: −$22.13
Fee Pacifica: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$55.25
Costs to cover: 0.391%
Break-even: never at this rate

Slippage from Pacifica: live order book, 2 min ago; GRVT: live order book, 1 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 Pacifica live order book, 2 min ago	2.63 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	0.56 bp	9.7 bp −$10	doesn't fit	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
Deribit BCH_USDC-PERPETUAL	−0.0504%	1h	266.43	+0.039%	$450K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0314%	1h	266.22	−0.038%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0136%	8h	266.51	+0.072%	$82K	$292K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	266.54	+0.084%	$843K	$3.1M	50x	as long as short
ApeX Omni BCHUSDT	−0.0121%	1h	266.44	+0.045%	$72K	$213K	50x	as long as short
Phemex BCHUSDT	−0.0112%	8h	266.31	−0.004%	$4.9M	$6.5M	50x	as long as short
Bybit BCHUSDT	−0.0079%	8h	266.24	−0.030%	$39.2M	$32.9M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.457%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	266.58	+0.097%	$224K	$2.1M	50x	as long as short
Binance BCHUSDT	−0.0024%	8h	266.28	−0.014%	$72.9M	$233.0M	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	−0.0024%	1h	266.30	−0.008%	$115K	$652K	25x	as long as short
MEXC BCH_USDT	−0.0023%	8h	266.84	+0.195%	$69.9M	$6.9M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	266.60	+0.103%	$5K	$248	10x	as long as short
Gate BCH_USDT	0.0000%	8h	266.38	+0.022%	$8.3M	$14.9M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.94	+0.232%	$1.2M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.48	+0.060%	$4K	—	150x	as long as short
Bitget BCHUSDT	+0.0021%	8h	266.19	−0.049%	$19.1M	$30.1M	75x	as long as short
GRVT BCH_USDT_Perpshort	+0.0024%	8h	266.27	−0.018%	$388K	$17K	10x
Nado BCH-PERP	+0.0025%	1h	266.25	−0.027%	$442K	$436K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	266.26	−0.023%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAP	+0.0031%	8h	266.20	−0.045%	$25.9M	$78.2M	50x	as long as short
BingX BCH-USDT	+0.0033%	8h	266.22	−0.038%	—	$31.2M	—	as long as short
Lighter BCH	+0.0096%	1h	266.29	−0.011%	$367K	$558K	10x	as long as short
BloFin BCH-USDT	+0.0098%	8h	266.34	+0.007%	$3.9M	$4.2M	50x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.62	+0.112%	$6.0M	$4.5M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.36	+0.015%	$210K	$673K	75x	as long as short
Pacifica BCHlong	+0.0100%	1h	266.32	long leg	$162K	$431K	10x
KuCoin BCHUSDTM	+0.0100%	8h	266.35	+0.011%	$9.0M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.31	−0.005%	$19K	$292K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.28	−0.015%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.22	−0.038%	$774K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0451%	1h	266.54	+0.083%	$25K	—	100x	as long as short