Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0135%/8h= −14.7% APRpaid last 24h −0.073%

Price spread now: Deribit against SunX+0.008%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$850.848% of the position

Long on SunX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.278%−$28 on $10k

Price spread, last 3 days (all we have)−0.003%$0 · spread now +0.008%, 7d avg +0.051%

Together, before fees−0.281%−$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Deribit is 0.043% cheaper against SunX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.051%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BCH-USDT	266.97	0.0100	pay 0.0100% / 8h	2h 57m	$2K	$2.0M	30x
Short	Deribit BCH_USDC-PERPETUAL	266.99	−0.0035	pay 0.0004% / 1h	57m 36s	$437K	$254K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SunX. 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 SunXbpFee DeribitbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$28.26
Price spread: +0.008% → +0.051%: −$4.27
Slippage, 4 orders: −$69.75
Fee SunX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$117.29
Costs to cover: 0.848%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Deribit: live order book, 31 min ago.

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 SunX live order book, 8 min ago	19.80 bp	40.3 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 31 min ago	3.60 bp	8.3 bp −$8	15.8 bp −$158	doesn't fit	doesn't fit

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
Injective BCH/USDC PERP	−0.0304%	1h	267.99	+0.382%	$715	$47K	12x	as long as short
Phemex BCHUSDT	−0.0207%	8h	266.90	−0.026%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0136%	1h	266.86	−0.041%	$2K	$6K	10x	as long as short
Binance BCHUSDT	−0.0124%	8h	266.90	−0.026%	$73.8M	$231.6M	75x	as long as short
MEXC BCH_USDT	−0.0123%	8h	267.39	+0.157%	$70.8M	$6.3M	200x	as long as short
Extended BCH-USD	−0.0120%	1h	266.70	−0.102%	$105K	$643K	25x	as long as short
Bybit BCHUSDT	−0.0119%	8h	266.81	−0.060%	$39.4M	$32.5M	75x	as long as short
Variational Omni BCH	−0.0091%	8h	267.35	+0.144%	$85K	$291K	—	as long as short
GRVT BCH_USDT_Perp	−0.0077%	8h	267.31	+0.128%	$390K	$17K	10x	as long as short
Bitget BCHUSDT	−0.0060%	8h	266.72	−0.094%	$20.1M	$29.1M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0046%	8h	266.88	−0.034%	$8.3M	$14.3M	75x	as long as short
Deribit BCH_USDC-PERPETUALshort	−0.0035%	1h	266.99	+0.008%	$437K	$254K	25x
BingX BCH-USDC	−0.0032%	8h	266.89	−0.030%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	−0.0029%	8h	266.70	−0.101%	$26.1M	$76.2M	50x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	267.52	+0.206%	$261K	$2.1M	50x	as long as short
BloFin BCH-USDT	−0.0004%	8h	267.26	+0.109%	$4.0M	$4.1M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.11	+0.052%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.37	+0.150%	$1.1M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.17	+0.076%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	266.94	−0.011%	$2K	$176	10x	as long as short
KuCoin BCHUSDTM	+0.0063%	8h	266.93	−0.015%	$8.8M	$8.1M	75x	as long as short
Nado BCH-PERP	+0.0072%	1h	266.80	−0.063%	$438K	$430K	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.09	+0.043%	$805K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.89	−0.028%	$375K	$579K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.18	+0.079%	$6.0M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.09	+0.046%	$234K	$682K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.86	−0.040%	$168K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.32	+0.129%	$19K	$287K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.43	+0.172%	$73K	$214K	50x	as long as short
SunX BCH-USDTlong	+0.0100%	8h	266.97	long leg	$2K	$2.0M	30x
HTX BCH-USDT	+0.0100%	8h	267.02	+0.019%	$771K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0371% / S −0.0574%	1h	267.12	+0.057%	$26K	—	100x	as long as short