Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0167%/8h= +18.3% APRpaid last 24h +0.005%

Price spread now: dYdX against Phemex−0.019%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BCHUSDT	264.46	−0.0167	get 0.0167% / 8h	1h 36m	$4.9M	$6.6M	50x
Short	dYdX BCH-USD	264.41	0	get 0.0000% / 1h	36m 36s	$5K	$240	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $35
Price spread: −0.019% → 0.000%: −$1.89
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $11.11
Costs to cover: 0.220%
Break-even: 4.8 days

Slippage unknown: Phemex: live order book, 2 min ago; 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 Phemex live order book, 2 min ago	1.51 bp	10.9 bp −$11	20.0 bp −$200	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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	−0.0437%	1h	264.46	0.000%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0191%	8h	264.50	+0.015%	$773K	$1.4M	75x	as long as short
Phemex BCHUSDTlong	−0.0167%	8h	264.46	long leg	$4.9M	$6.6M	50x
KuCoin BCHUSDTM	−0.0111%	8h	264.46	0.000%	$8.5M	$6.7M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0103%	1h	264.71	+0.093%	$861K	$3.0M	50x	as long as short
Bitget BCHUSDT	−0.0090%	8h	264.15	−0.117%	$18.9M	$28.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0083%	8h	263.80	−0.250%	$25.2M	$77.8M	50x	as long as short
Variational Omni BCH	−0.0082%	8h	264.70	+0.092%	$81K	$196K	—	as long as short
Bybit BCHUSDT	−0.0058%	8h	264.03	−0.163%	$38.8M	$31.9M	75x	as long as short
Binance BCHUSDT	−0.0049%	8h	264.15	−0.117%	$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	264.40	−0.023%	$70.5M	$8.7M	200x	as long as short
Extended BCH-USD	−0.0048%	1h	264.03	−0.164%	$112K	$905K	25x	as long as short
BingX BCH-USDC	−0.0036%	8h	264.26	−0.076%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0023%	8h	265.05	+0.223%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0017%	8h	264.29	−0.064%	$8.3M	$13.8M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.64	+0.067%	$15K	—	150x	as long as short
dYdX BCH-USDshort	0.0000%	1h	264.41	−0.019%	$5K	$240	10x
Kalshi KXBCHPERP	0.0000%	8h	264.61	+0.057%	$983K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.68	+0.082%	$440K	$335K	25x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	265.10	+0.242%	$224K	$1.9M	50x	as long as short
ApeX Omni BCHUSDT	+0.0015%	1h	265.08	+0.234%	$95K	$237K	50x	as long as short
Nado BCH-PERP	+0.0016%	1h	264.45	−0.004%	$434K	$356K	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.170%	$721	$130K	12x	as long as short
SunX BCH-USDT	+0.0037%	8h	264.36	−0.038%	$2K	$1.7M	30x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	264.51	+0.019%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0053%	8h	264.45	−0.004%	$137K	$590K	75x	as long as short
BloFin BCH-USDT	+0.0071%	8h	264.28	−0.068%	$3.9M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.21	−0.093%	$352K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.41	−0.019%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.15	−0.119%	$158K	$312K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.55	+0.036%	$18K	$344K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.67	+0.081%	$12K	—	100x	as long as short