Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h +0.020%

Price spread now: ApeX Omni against Phemex+0.344%77s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as 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−$440.436% of the position

Long on Phemex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 4 days (all we have)−0.334%−$33 · spread now +0.344%, 7d avg +0.045%

Together, before fees−0.195%−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and ApeX Omni is 0.300% dearer against Phemex than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.045%. The two prices were read 77 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	Phemex BCHUSDT	264.17	−0.0163	get 0.0163% / 8h	1h 36m	$4.9M	$6.6M	50x
Short	ApeX Omni BCHUSDT	265.08	0.0015	get 0.0002% / 1h	36m 16s	$95K	$237K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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 PhemexbpFee ApeX OmnibpOrdersPrice spread, now +0.344%Rate

Funding earned: $37.4
Price spread: +0.344% → +0.045%: $29.99
Slippage, 4 orders: −$21.55
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $23.84
Costs to cover: 0.436%
Break-even: 2.5 days

Slippage from Phemex: live order book, 3 min ago; ApeX Omni: live order book, 5 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 Phemex live order book, 3 min ago	1.51 bp	10.9 bp −$11	20.0 bp −$200	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 5 min ago	4.53 bp	12.4 bp −$12	95.1 bp −$951	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
SoDEX BCH-USD	−0.0441%	1h	264.06	−0.042%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0191%	8h	264.00	−0.064%	$772K	$1.4M	75x	as long as short
Phemex BCHUSDTlong	−0.0163%	8h	264.17	long leg	$4.9M	$6.6M	50x
KuCoin BCHUSDTM	−0.0111%	8h	264.21	+0.015%	$8.5M	$6.7M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0103%	1h	264.27	+0.036%	$860K	$3.0M	50x	as long as short
Bitget BCHUSDT	−0.0090%	8h	264.09	−0.030%	$18.9M	$28.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0084%	8h	264.00	−0.064%	$25.2M	$77.9M	50x	as long as short
Variational Omni BCH	−0.0082%	8h	264.70	+0.202%	$81K	$196K	—	as long as short
Bybit BCHUSDT	−0.0058%	8h	264.07	−0.038%	$38.8M	$31.8M	75x	as long as short
Binance BCHUSDT	−0.0049%	8h	264.13	−0.015%	$72.7M	$221.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0049%	8h	264.49	+0.121%	$70.5M	$8.7M	200x	as long as short
Extended BCH-USD	−0.0048%	1h	263.99	−0.070%	$112K	$876K	25x	as long as short
BingX BCH-USDC	−0.0036%	8h	264.14	−0.011%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0023%	8h	265.05	+0.333%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0017%	8h	264.21	+0.015%	$8.3M	$13.8M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.34	+0.063%	$15K	—	150x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0003%	1h	264.26	+0.033%	$440K	$335K	25x	as long as short
dYdX BCH-USD	0.0000%	1h	264.41	+0.091%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.51	+0.129%	$983K	$10.5M	2.7x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	265.10	+0.352%	$224K	$1.9M	50x	as long as short
ApeX Omni BCHUSDTshort	+0.0015%	1h	265.08	+0.344%	$95K	$237K	50x
Nado BCH-PERP	+0.0017%	1h	264.09	−0.031%	$434K	$356K	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.283%	$721	$130K	12x	as long as short
SunX BCH-USDT	+0.0039%	8h	263.98	−0.072%	$1K	$1.7M	30x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	264.13	−0.015%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0053%	8h	264.43	+0.097%	$137K	$590K	75x	as long as short
BloFin BCH-USDT	+0.0071%	8h	264.28	+0.042%	$3.9M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.15	−0.009%	$352K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.25	+0.028%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.15	−0.009%	$158K	$312K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.55	+0.145%	$18K	$344K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.29	+0.046%	$12K	—	100x	as long as short