Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0150%/8h= −16.4% APRpaid last 24h −0.016%

Price spread now: MEXC against ApeX Omni−0.071%7-day average +0.135% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.071%, 7d avg +0.135%

Together, before fees−0.171%−$17 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 MEXC is 0.206% cheaper against ApeX Omni than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.135%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BCHUSDT	268.26	0.0100	pay 0.0013% / 1h	40m 43s	$97K	$241K	50x
Short	MEXC BCH_USDT	268.07	−0.0050	pay 0.0050% / 8h	7h 40m	$71.9M	$9.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$31.5
Price spread: −0.071% → +0.135%: −$20.57
Slippage, 4 orders: −$25.24
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$91.31
Costs to cover: 0.392%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 56 min ago; MEXC: live order book, 3 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, 56 min ago	4.54 bp	12.2 bp −$12	96.2 bp −$962	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.86 bp	7.3 bp −$7	22.2 bp −$222	52.3 bp −$5,228	112.3 bp −$56.1K

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
SoDEX BCH-USD	−0.0372%	1h	267.39	−0.324%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0213%	8h	267.55	−0.265%	$390K	$17K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0158%	1h	267.67	−0.221%	$869K	$2.7M	50x	as long as short
Variational Omni BCH	−0.0131%	8h	267.41	−0.318%	$148K	$262K	—	as long as short
Phemex BCHUSDT	−0.0121%	8h	267.47	−0.294%	$5.0M	$6.5M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0088%	8h	267.50	−0.283%	$25.3M	$78.6M	50x	as long as short
KuCoin BCHUSDTM	−0.0075%	8h	267.57	−0.257%	$8.6M	$6.2M	75x	as long as short
Bitget BCHUSDT	−0.0070%	8h	267.57	−0.257%	$19.3M	$27.2M	75x	as long as short
Extended BCH-USD	−0.0056%	1h	267.46	−0.297%	$119K	$912K	25x	as long as short
Binance BCHUSDT	−0.0053%	8h	267.64	−0.230%	$74.0M	$216.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDTshort	−0.0050%	8h	268.07	−0.071%	$71.9M	$9.2M	200x
Gate BCH_USDT	−0.0044%	8h	267.66	−0.224%	$8.4M	$12.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	267.54	−0.268%	$15K	—	150x	as long as short
Pacifica BCH	−0.0002%	1h	267.62	−0.238%	$155K	$296K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	267.71	−0.206%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.85	−0.153%	$1.0M	$9.1M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	267.55	−0.263%	$420K	$359K	25x	as long as short
Aster BCHUSDT	+0.0011%	8h	267.48	−0.291%	$144K	$574K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.723%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	267.44	−0.306%	$2K	—	10x	as long as short
BloFin BCH-USDT	+0.0067%	8h	267.47	−0.294%	$3.5M	$5.0M	50x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	268.36	+0.037%	$304K	$2.1M	50x	as long as short
Lighter BCH	+0.0096%	1h	267.70	−0.208%	$374K	$492K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	267.32	−0.351%	$429K	$352K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.90	−0.134%	$5.8M	$4.8M	10x	as long as short
Bybit BCHUSDT	+0.0100%	8h	267.50	−0.283%	$39.6M	$32.2M	75x	as long as short
BingX BCH-USDC	+0.0100%	8h	267.60	−0.246%	—	$6.5M	—	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.07	−0.070%	$19K	$346K	20x	as long as short
ApeX Omni BCHUSDTlong	+0.0100%	1h	268.26	long leg	$97K	$241K	50x
SunX BCH-USDT	+0.0100%	8h	267.31	−0.354%	$1K	$1.6M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.36	−0.335%	$779K	$1.4M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0203% / S −0.0147%	1h	267.82	−0.163%	$13K	—	100x	as long as short