Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0120%/8h= +13.2% APRpaid last 24h +0.077%

Price spread now: OKX against SoDEX−0.034%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on OKX

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. OKX is 0.034% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BCH-USD	263.99	−0.0200	get 0.0025% / 1h	36m 21s	$2K	$8K	10x
Short	OKX BCH-USDT-SWAP	263.90	−0.0080	pay 0.0080% / 8h	2h 36m	$25.1M	$76.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against SoDEX. 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 SoDEXbpFee OKXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $25.25
Price spread: −0.034% → 0.000%: −$3.41
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $3.84
Costs to cover: 0.180%
Break-even: 5.9 days

Slippage unknown: SoDEX: no order-book sample; OKX: live order book, 2 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell OKX live order book, 2 min ago	1.90 bp	8.9 bp −$9	16.8 bp −$168	91.2 bp −$9,124	doesn't fit

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
HTX BCH-USDT	−0.0234%	8h	263.99	0.000%	$769K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0205%	8h	264.13	+0.053%	$5.0M	$6.5M	50x	as long as short
SoDEX BCH-USDlong	−0.0200%	1h	263.99	long leg	$2K	$8K	10x
Nado BCH-PERP	−0.0129%	1h	264.15	+0.061%	$431K	$350K	10x	as long as short
Bitget BCHUSDT	−0.0110%	8h	263.87	−0.045%	$18.8M	$28.4M	75x	as long as short
SunX BCH-USDT	−0.0102%	8h	264.12	+0.049%	$2K	$1.7M	30x	as long as short
KuCoin BCHUSDTM	−0.0097%	8h	264.18	+0.072%	$8.5M	$6.8M	75x	as long as short
OKX BCH-USDT-SWAPshort	−0.0080%	8h	263.90	−0.034%	$25.1M	$76.7M	50x
Variational Omni BCH	−0.0070%	8h	263.31	−0.259%	$81K	$196K	—	as long as short
MEXC BCH_USDT	−0.0053%	8h	264.60	+0.231%	$69.9M	$8.0M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0052%	8h	264.05	+0.023%	$71.9M	$219.2M	75x	as long as short
Extended BCH-USD	−0.0048%	1h	263.88	−0.041%	$111K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	264.47	+0.182%	$220K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0027%	8h	263.28	−0.271%	$384K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0022%	8h	264.00	+0.004%	$38.9M	$31.5M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0019%	1h	264.17	+0.069%	$440K	$333K	25x	as long as short
BingX BCH-USDC	−0.0014%	8h	264.17	+0.068%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.21	+0.084%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.33	+0.129%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.51	+0.197%	$989K	$10.4M	2.7x	as long as short
Gate BCH_USDT	+0.0010%	8h	264.24	+0.095%	$8.3M	$13.7M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.352%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.09	+0.038%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0066%	8h	264.23	+0.091%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0072%	8h	264.13	+0.055%	$153K	$557K	75x	as long as short
Lighter BCH	+0.0096%	1h	264.27	+0.108%	$354K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.33	+0.129%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.24	+0.094%	$159K	$306K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.19	−0.305%	$18K	$330K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	263.29	−0.265%	$96K	$235K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	264.24	+0.093%	$844K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.19	+0.074%	$12K	—	100x	as long as short