Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h −0.008%

Price spread now: Orderly against Pacifica−0.104%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on Orderly

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—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.104% cheaper against Pacifica than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BCH	266.74	0.0100	pay 0.0013% / 1h	8m 46s	$168K	$457K	10x
Short	Orderly PERP_BCH_USDC	266.46	0.0031	get 0.0031% / 8h	3h 08m	$2K	$176	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.104%Rate

Funding earned: −$14.49
Price spread: −0.104% → 0.000%: −$10.42
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$38.92
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 19 min ago; Orderly: 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 Pacifica live order book, 19 min ago	4.67 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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
Injective BCH/USDC PERP	−0.0300%	1h	267.99	+0.469%	$715	$47K	12x	as long as short
Phemex BCHUSDT	−0.0211%	8h	266.49	−0.093%	$4.9M	$6.2M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0193%	1h	266.69	−0.020%	$811K	$3.2M	50x	as long as short
SoDEX BCH-USD	−0.0146%	1h	266.43	−0.115%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0136%	1h	266.84	+0.039%	$105K	$643K	25x	as long as short
Bybit BCHUSDT	−0.0134%	8h	266.66	−0.029%	$39.4M	$32.2M	75x	as long as short
MEXC BCH_USDT	−0.0132%	8h	267.19	+0.169%	$70.6M	$6.3M	200x	as long as short
Binance BCHUSDT	−0.0131%	8h	266.76	+0.008%	$73.9M	$229.3M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0101%	8h	266.17	−0.215%	$388K	$17K	10x	as long as short
Variational Omni BCH	−0.0088%	8h	265.96	−0.292%	$85K	$291K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0081%	8h	266.62	−0.044%	$8.3M	$14.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0072%	1h	266.48	−0.097%	$229K	$2.0M	50x	as long as short
Bitget BCHUSDT	−0.0060%	8h	266.65	−0.033%	$19.7M	$28.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0046%	8h	266.80	+0.023%	$25.0M	$73.9M	50x	as long as short
BingX BCH-USDC	−0.0037%	8h	266.60	−0.052%	—	$6.5M	—	as long as short
Nado BCH-PERP	−0.0032%	1h	266.16	−0.218%	$459K	$411K	10x	as long as short
BloFin BCH-USDT	−0.0013%	8h	266.50	−0.089%	$4.0M	$4.1M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	266.79	+0.019%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.50	−0.089%	$1.1M	$11.6M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	266.56	−0.067%	$436K	$254K	25x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.59	−0.056%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDCshort	+0.0031%	8h	266.46	−0.104%	$2K	$176	10x
KuCoin BCHUSDTM	+0.0050%	8h	266.66	−0.029%	$8.8M	$8.1M	75x	as long as short
Lighter BCH	+0.0096%	1h	266.75	+0.004%	$375K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.97	+0.087%	$5.9M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.57	−0.063%	$232K	$671K	75x	as long as short
Pacifica BCHlong	+0.0100%	1h	266.74	long leg	$168K	$457K	10x
edgeX BCHUSDC	+0.0100%	4h	266.16	−0.218%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	266.15	−0.220%	$72K	$215K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.11	−0.235%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.22	−0.194%	$774K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0371% / S −0.0574%	1h	266.61	−0.046%	$25K	—	100x	as long as short