Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0178%/8h= −19.5% APRpaid last 24h +0.005%

Price spread now: Bitget against ApeX Omni−0.387%83s7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$520.519% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 4 days (all we have)+0.272%+$27 · spread now −0.387%, 7d avg −0.065%

Together, before fees+0.183%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.322% cheaper against ApeX Omni than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.065%). Swap the legs. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BCHUSDT	266.45	0.0100	pay 0.0013% / 1h	50m 04s	$97K	$233K	50x
Short	Bitget BCHUSDT	265.42	−0.0078	pay 0.0078% / 8h	3h 50m	$19.0M	$28.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now −0.387%Rate

Funding earned: −$37.38
Price spread: −0.387% → −0.065%: −$32.18
Slippage, 4 orders: −$29.89
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$121.45
Costs to cover: 0.519%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 1 min ago; Bitget: live order book, 4 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 ApeX Omni live order book, 1 min ago	6.20 bp	15.1 bp −$15	100.2 bp −$1,002	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.32 bp	11.6 bp −$12	19.7 bp −$197	43.1 bp −$4,305	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
SunX BCH-USDT	−0.0290%	8h	265.37	−0.405%	$2K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0264%	8h	265.48	−0.364%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0232%	8h	265.48	−0.364%	$774K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0167%	1h	265.57	−0.330%	$428K	$345K	10x	as long as short
SoDEX BCH-USD	−0.0149%	1h	265.36	−0.409%	$2K	$8K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0103%	8h	265.30	−0.432%	$25.1M	$76.3M	50x	as long as short
KuCoin BCHUSDTM	−0.0084%	8h	265.46	−0.372%	$8.5M	$7.0M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0081%	1h	265.39	−0.398%	$444K	$332K	25x	as long as short
Binance BCHUSDT	−0.0081%	8h	265.49	−0.360%	$72.1M	$215.5M	75x	as long as short
MEXC BCH_USDT	−0.0081%	8h	265.85	−0.225%	$70.4M	$7.9M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0080%	1h	265.16	−0.483%	$112K	$958K	25x	as long as short
Bitget BCHUSDTshort	−0.0078%	8h	265.42	−0.387%	$19.0M	$28.2M	75x
Variational Omni BCH	−0.0068%	8h	265.90	−0.205%	$82K	$197K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	265.45	−0.375%	$217K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0054%	8h	266.56	+0.043%	$389K	$17K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	265.57	−0.331%	$853K	$3.0M	50x	as long as short
Gate BCH_USDT	−0.0043%	8h	265.52	−0.349%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.53	−0.346%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.75	−0.263%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.84	−0.229%	$1.0M	$10.4M	2.7x	as long as short
Bybit BCHUSDT	+0.0008%	8h	265.50	−0.357%	$39.2M	$31.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.407%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0038%	8h	265.91	−0.203%	$3.9M	$4.3M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0043%	8h	265.34	−0.417%	$2K	$176	10x	as long as short
BingX BCH-USDC	+0.0050%	8h	265.45	−0.375%	—	$6.5M	—	as long as short
Aster BCHUSDT	+0.0093%	8h	265.75	−0.261%	$154K	$541K	75x	as long as short
Lighter BCH	+0.0096%	1h	265.49	−0.361%	$358K	$488K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.68	−0.288%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.66	−0.297%	$160K	$303K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.21	−0.088%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDTlong	+0.0100%	1h	266.45	long leg	$97K	$233K	50x
GMX BCH/USD [WBTC.b-USDC]	L +0.0358% / S −0.0530%	1h	265.47	−0.366%	$25K	—	100x	as long as short