Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0086%/8h= +9.5% APRpaid last 24h −0.028%

Price spread now: SoDEX against Phemex−0.078%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 SoDEX

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

Funding pays, the price is against you. SoDEX is 0.078% cheaper against Phemex than usual: you would sell low and buy high (spread −0.078% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 3.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BCHUSDT	269.44	−0.0628	get 0.0628% / 8h	7h 09m	$5.0M	$6.5M	50x
Short	SoDEX BCH-USD	269.23	−0.0542	pay 0.0068% / 1h	9m 44s	$2K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.078%Rate

Funding earned: $18.15
Price spread: −0.078% → 0.000%: −$7.79
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$9.64
Costs to cover: 0.200%
Break-even: 10.7 days

Slippage unknown: Phemex: live order book, 4 min ago; SoDEX: 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	5.56 bp	13.8 bp −$14	23.8 bp −$238	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Phemex BCHUSDTlong	−0.0628%	8h	269.44	long leg	$5.0M	$6.5M	50x
SoDEX BCH-USDshort	−0.0542%	1h	269.23	−0.078%	$2K	$6K	10x
Deribit BCH_USDC-PERPETUAL	−0.0488%	1h	269.57	+0.049%	$456K	$266K	25x	as long as short
ApeX Omni BCHUSDT	−0.0214%	1h	269.80	+0.134%	$73K	$215K	50x	as long as short
Gate BCH_USDT	−0.0174%	8h	269.71	+0.100%	$8.5M	$14.3M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0169%	8h	269.62	+0.066%	$393K	$17K	10x	as long as short
Variational Omni BCH	−0.0126%	8h	269.21	−0.087%	$83K	$285K	—	as long as short
Extended BCH-USD	−0.0072%	1h	269.49	+0.018%	$117K	$961K	25x	as long as short
Binance BCHUSDT	−0.0071%	8h	269.63	+0.069%	$73.0M	$229.5M	75x	as long as short
MEXC BCH_USDT	−0.0069%	8h	270.05	+0.226%	$70.8M	$6.7M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0056%	1h	269.44	0.000%	$231K	$2.0M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	269.56	+0.044%	$858K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0041%	8h	269.70	+0.096%	$39.8M	$32.6M	75x	as long as short
Bitget BCHUSDT	−0.0024%	8h	269.55	+0.041%	$19.3M	$29.2M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0003%	8h	269.50	+0.022%	$26.2M	$76.5M	50x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0003% / S +0.0007%	1h	269.74	+0.111%	$7K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	269.73	+0.106%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.50	+0.022%	$1.1M	$10.9M	2.7x	as long as short
BingX BCH-USDC	+0.0005%	8h	269.55	+0.041%	—	$6.5M	—	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	269.41	−0.011%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.282%	$721	$130K	12x	as long as short
Nado BCH-PERP	+0.0034%	1h	269.50	+0.020%	$437K	$419K	10x	as long as short
BloFin BCH-USDT	+0.0050%	8h	269.22	−0.082%	$3.9M	$4.3M	50x	as long as short
Lighter BCH	+0.0096%	1h	269.71	+0.101%	$371K	$530K	10x	as long as short
HTX BCH-USDT	+0.0098%	8h	269.55	+0.041%	$783K	$1.6M	75x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.97	+0.197%	$6.6M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.51	+0.025%	$177K	$658K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.72	+0.105%	$164K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.63	+0.071%	$8.8M	$7.6M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	269.52	+0.031%	$19K	$292K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.37	−0.026%	$2K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0335% / S −0.0451%	1h	269.70	+0.098%	$25K	—	100x	as long as short