Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0190%/8h= −20.8% APRpaid last 24h −0.002%

Price spread now: Bybit against ApeX Omni−1.126%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$430.435% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 3 days (all we have)+1.003%+$100 · spread now −1.126%, 7d avg −0.074%

Together, before fees+0.900%+$90 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 1.053% cheaper against ApeX Omni than usual: you would sell low and buy high (−$105 if the spread goes back to its 7-day average of −0.074%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.104% in total (about -5.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BCHUSDT	269.03	0.0100	pay 0.0013% / 1h	26m 46s	$73K	$214K	50x
Short	Bybit BCHUSDT	266.00	−0.0090	pay 0.0090% / 8h	26m 46s	$39.1M	$32.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −1.126%Rate

Funding earned: −$39.81
Price spread: −1.126% → −0.074%: −$105.27
Slippage, 4 orders: −$22.47
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$188.55
Costs to cover: 0.435%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 49 min ago; Bybit: live order book, 2 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, 49 min ago	3.33 bp	11.1 bp −$11	105.6 bp −$1,056	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.87 bp	10.5 bp −$10	24.9 bp −$249	82.3 bp −$8,232	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
Deribit BCH_USDC-PERPETUAL	−0.0587%	1h	266.33	−1.002%	$450K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0217%	1h	266.23	−1.041%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0142%	8h	268.92	−0.041%	$82K	$294K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	266.50	−0.940%	$851K	$3.1M	50x	as long as short
Phemex BCHUSDT	−0.0101%	8h	266.57	−0.914%	$4.8M	$6.4M	50x	as long as short
Bybit BCHUSDTshort	−0.0090%	8h	266.00	−1.126%	$39.1M	$32.9M	75x
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+0.435%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	266.49	−0.944%	$226K	$2.1M	50x	as long as short
Binance BCHUSDT	−0.0017%	8h	265.89	−1.168%	$72.9M	$233.5M	75x	as long as short
MEXC BCH_USDT	−0.0017%	8h	266.68	−0.874%	$69.9M	$6.8M	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	−0.0016%	1h	266.05	−1.106%	$115K	$652K	25x	as long as short
Gate BCH_USDT	−0.0016%	8h	266.21	−1.048%	$8.3M	$14.7M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	266.57	−0.915%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.72	−0.859%	$1.2M	$11.9M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.50	−0.940%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	266.32	−1.007%	$2K	$176	10x	as long as short
Bitget BCHUSDT	+0.0029%	8h	266.03	−1.115%	$19.1M	$29.9M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0032%	8h	269.11	+0.029%	$392K	$17K	10x	as long as short
OKX BCH-USDT-SWAP	+0.0037%	8h	265.90	−1.163%	$25.9M	$77.9M	50x	as long as short
BingX BCH-USDT	+0.0039%	8h	265.93	−1.152%	—	$31.0M	—	as long as short
Lighter BCH	+0.0096%	1h	266.33	−1.005%	$367K	$557K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	266.17	−1.062%	$444K	$435K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.42	−0.970%	$6.0M	$4.5M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.54	−0.924%	$212K	$676K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.49	−0.944%	$162K	$440K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	266.24	−1.037%	$9.1M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.79	−0.089%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDTlong	+0.0100%	1h	269.03	long leg	$73K	$214K	50x
SunX BCH-USDT	+0.0100%	8h	266.12	−1.082%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.24	−1.037%	$773K	$1.7M	75x	as long as short
BloFin BCH-USDT	+0.0103%	8h	265.79	−1.204%	$4.0M	$4.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0340%	1h	266.53	−0.931%	$27K	—	100x	as long as short