Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0381%/8h= +41.7% APRpaid last 24h +0.050%

Price spread now: Orderly against SoDEX−0.041%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 Orderly

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. Orderly is 0.041% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 9 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BCH-USD	267.20	−0.0351	get 0.0044% / 1h	0m 35s	$2K	$6K	10x
Short	Orderly PERP_BCH_USDC	267.09	0.0030	get 0.0030% / 8h	0m 35s	$2K	$176	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.041%Rate

Funding earned: $79.97
Price spread: −0.041% → 0.000%: −$4.12
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $61.85
Costs to cover: 0.140%
Break-even: 1.6 days

Slippage unknown: SoDEX: no order-book sample; Orderly: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

SoDEX and Orderly: 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
Deribit BCH_USDC-PERPETUAL	−0.0472%	1h	267.16	−0.014%	$451K	$266K	25x	as long as short
SoDEX BCH-USDlong	−0.0351%	1h	267.20	long leg	$2K	$6K	10x
Variational Omni BCH	−0.0134%	8h	266.81	−0.144%	$82K	$292K	—	as long as short
Phemex BCHUSDT	−0.0127%	8h	267.18	−0.007%	$4.9M	$6.5M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	267.47	+0.100%	$842K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0074%	8h	267.00	−0.075%	$39.3M	$33.0M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.123%	$721	$130K	12x	as long as short
ApeX Omni BCHUSDT	−0.0036%	1h	267.00	−0.075%	$72K	$214K	50x	as long as short
Extended BCH-USD	−0.0032%	1h	266.98	−0.082%	$115K	$652K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	267.46	+0.097%	$227K	$2.1M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0031%	8h	266.99	−0.079%	$73.1M	$234.7M	75x	as long as short
MEXC BCH_USDT	−0.0030%	8h	267.61	+0.153%	$70.1M	$6.9M	200x	as long as short
Nado BCH-PERP	−0.0001%	1h	266.85	−0.131%	$442K	$434K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	267.47	+0.100%	$5K	$248	10x	as long as short
Gate BCH_USDT	0.0000%	8h	267.22	+0.007%	$8.4M	$14.9M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.52	+0.120%	$1.2M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.18	−0.007%	$4K	—	150x	as long as short
GRVT BCH_USDT_Perp	+0.0019%	8h	266.72	−0.180%	$389K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0020%	8h	267.04	−0.060%	$19.2M	$30.1M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0026%	8h	267.00	−0.075%	$26.0M	$78.7M	50x	as long as short
BingX BCH-USDT	+0.0028%	8h	267.14	−0.022%	—	$31.2M	—	as long as short
Orderly PERP_BCH_USDCshort	+0.0030%	8h	267.09	−0.041%	$2K	$176	10x
BloFin BCH-USDT	+0.0089%	8h	267.16	−0.015%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	267.19	−0.004%	$368K	$559K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.57	+0.138%	$6.0M	$4.5M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.24	+0.016%	$211K	$712K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.20	−0.002%	$162K	$429K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	267.22	+0.007%	$9.0M	$7.7M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.90	−0.111%	$19K	$291K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.85	−0.131%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.02	−0.067%	$775K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0451%	1h	267.21	+0.005%	$25K	—	100x	as long as short