Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0191%/8h= +21.0% APRpaid last 24h +0.001%

Price spread now: gTrade (Gains Network) against Phemex−0.006%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 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 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	263.65	−0.0199	get 0.0199% / 8h	2h 55m	$4.9M	$6.5M	50x
Short	gTrade (Gains Network) BCH/USD	263.63	L −0.0004% / S +0.0007%	pay 0.0001% / 1h	55m 10s	$15K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.006%Rate

Funding earned: $40.2
Price spread: −0.006% → 0.000%: −$0.61
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $17.59
Costs to cover: 0.220%
Break-even: 3.9 days

Slippage unknown: Phemex: live order book, 4 min ago; 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 Phemex live order book, 4 min ago	1.71 bp	9.9 bp −$10	17.7 bp −$177	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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
HTX BCH-USDT	−0.0242%	8h	263.57	−0.030%	$772K	$1.4M	75x	as long as short
Phemex BCHUSDTlong	−0.0199%	8h	263.65	long leg	$4.9M	$6.5M	50x
Nado BCH-PERP	−0.0198%	1h	263.46	−0.072%	$430K	$349K	10x	as long as short
SunX BCH-USDT	−0.0147%	8h	263.35	−0.114%	$2K	$1.7M	30x	as long as short
Bitget BCHUSDT	−0.0106%	8h	263.84	+0.072%	$18.8M	$28.3M	75x	as long as short
SoDEX BCH-USD	−0.0105%	1h	263.71	+0.023%	$2K	$8K	10x	as long as short
KuCoin BCHUSDTM	−0.0102%	8h	263.72	+0.027%	$8.5M	$6.8M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0078%	8h	263.70	+0.019%	$25.1M	$76.1M	50x	as long as short
Variational Omni BCH	−0.0069%	8h	263.70	+0.020%	$81K	$196K	—	as long as short
Extended BCH-USD	−0.0064%	1h	263.58	−0.028%	$111K	$1.1M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0061%	8h	263.81	+0.061%	$71.6M	$216.4M	75x	as long as short
MEXC BCH_USDT	−0.0061%	8h	264.24	+0.224%	$69.8M	$8.0M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	263.82	+0.064%	$219K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0036%	8h	263.84	+0.070%	$385K	$17K	10x	as long as short
Gate BCH_USDT	−0.0017%	8h	263.88	+0.087%	$8.3M	$13.6M	75x	as long as short
Bybit BCHUSDT	−0.0014%	8h	263.73	+0.030%	$38.8M	$31.4M	75x	as long as short
BingX BCH-USDT	−0.0008%	8h	263.81	+0.061%	—	$32.9M	—	as long as short
gTrade (Gains Network) BCH/USDshort	L −0.0004% / S +0.0007%	1h	263.63	−0.006%	$15K	—	150x
dYdX BCH-USD	0.0000%	1h	263.75	+0.037%	$5K	$243	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.83	+0.068%	$987K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	263.87	+0.082%	$441K	$332K	25x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.484%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.70	+0.019%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0059%	8h	263.81	+0.061%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0074%	8h	263.77	+0.046%	$152K	$549K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.74	+0.036%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.08	+0.163%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.62	−0.010%	$159K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.58	−0.026%	$18K	$329K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	263.88	+0.087%	$96K	$234K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	263.92	+0.104%	$846K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	263.67	+0.007%	$12K	—	100x	as long as short