Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h −0.023%

Price spread now: dYdX against Binance−0.128%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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. dYdX is 0.128% cheaper against Binance than usual: you would sell low and buy high (spread −0.128% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 21 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BCHUSDT	266.03	−0.0021	get 0.0021% / 8h	22m 19s	$72.9M	$232.9M	75x
Short	dYdX BCH-USD	265.69	0	get 0.0000% / 1h	22m 19s	$5K	$248	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now −0.128%Rate

Funding earned: $4.36
Price spread: −0.128% → 0.000%: −$12.82
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$28.46
Costs to cover: 0.200%
Break-even: 52.7 days

Slippage unknown: Binance: live order book, 6 min ago; dYdX: 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 Binance live order book, 6 min ago	0.19 bp	7.5 bp −$7	15.1 bp −$151	17.9 bp −$1,793	56.6 bp −$28.3K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0366%	1h	266.04	+0.003%	$449K	$266K	25x	as long as short
ApeX Omni BCHUSDT	−0.0248%	1h	265.74	−0.109%	$72K	$213K	50x	as long as short
SoDEX BCH-USD	−0.0241%	1h	265.41	−0.233%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0145%	8h	266.12	+0.033%	$82K	$292K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	265.73	−0.113%	$846K	$3.1M	50x	as long as short
Phemex BCHUSDT	−0.0088%	8h	265.70	−0.124%	$4.8M	$6.4M	50x	as long as short
Bybit BCHUSDT	−0.0087%	8h	265.90	−0.049%	$39.2M	$32.9M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.567%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	265.57	−0.173%	$223K	$2.1M	50x	as long as short
Extended BCH-USD	−0.0024%	1h	265.62	−0.156%	$114K	$652K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDTlong	−0.0021%	8h	266.03	long leg	$72.9M	$232.9M	75x
MEXC BCH_USDT	−0.0020%	8h	266.14	+0.041%	$69.7M	$6.9M	200x	as long as short
Gate BCH_USDT	−0.0011%	8h	266.02	−0.004%	$8.3M	$14.8M	75x	as long as short
dYdX BCH-USDshort	0.0000%	1h	265.69	−0.128%	$5K	$248	10x
Kalshi KXBCHPERP	0.0000%	8h	265.72	−0.117%	$1.2M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.26	+0.086%	$4K	—	150x	as long as short
Bitget BCHUSDT	+0.0025%	8h	265.88	−0.057%	$19.0M	$30.0M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0026%	8h	266.22	+0.072%	$388K	$17K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	265.94	−0.034%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAP	+0.0038%	8h	265.90	−0.049%	$25.8M	$78.0M	50x	as long as short
BingX BCH-USDT	+0.0039%	8h	265.98	−0.019%	—	$31.2M	—	as long as short
Nado BCH-PERP	+0.0083%	1h	265.73	−0.113%	$443K	$435K	10x	as long as short
Lighter BCH	+0.0096%	1h	265.63	−0.151%	$366K	$557K	10x	as long as short
BloFin BCH-USDT	+0.0099%	8h	265.27	−0.286%	$3.9M	$4.2M	50x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.26	+0.086%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.89	−0.053%	$212K	$674K	75x	as long as short
Pacifica BCH	+0.0100%	1h	265.69	−0.128%	$161K	$440K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	265.95	−0.030%	$9.0M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.71	−0.122%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	265.26	−0.290%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	265.54	−0.185%	$771K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0451%	1h	266.17	+0.054%	$25K	—	100x	as long as short