Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0138%/8h= −15.1% APRpaid last 24h −0.019%

Price spread now: Extended against BingX−0.029%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now −0.029%, 7d avg −0.058%

Together, before fees−0.181%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.029% dearer against BingX than usual: you sell high and buy low (spread −0.029% now, against its 7-day average of −0.058%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.116% in total) that is about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BCH-USDT	266.81	0.0050	pay 0.0050% / 8h	3h 52m	—	$32.9M	—
Short	Extended BCH-USD	266.73	−0.0088	pay 0.0011% / 1h	52m 48s	$112K	$958K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$28.98
Price spread: −0.029% → −0.058%: $2.87
Slippage, 4 orders: −$10.1
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$51.21
Costs to cover: 0.251%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Extended: live order book, 65 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 BingX live order book, 11 min ago	0.38 bp	5.4 bp −$5	5.4 bp −$54	8.6 bp −$857	18.0 bp −$8,981
Sell Extended live order book, 65 min ago	0.95 bp	7.2 bp −$7	58.5 bp −$585	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
SunX BCH-USDT	−0.0309%	8h	266.33	−0.180%	$2K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0278%	8h	266.99	+0.067%	$5.0M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0233%	8h	266.79	−0.007%	$778K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0223%	1h	266.45	−0.135%	$432K	$344K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0104%	8h	266.60	−0.079%	$25.3M	$76.7M	50x	as long as short
Extended BCH-USDshort	−0.0088%	1h	266.73	−0.029%	$112K	$958K	25x
Binance BCHUSDT	−0.0085%	8h	266.94	+0.048%	$72.5M	$215.3M	75x	as long as short
MEXC BCH_USDT	−0.0085%	8h	267.31	+0.187%	$70.8M	$7.8M	200x	as long as short
KuCoin BCHUSDTM	−0.0079%	8h	267.04	+0.086%	$8.6M	$7.0M	75x	as long as short
Bitget BCHUSDT	−0.0079%	8h	266.65	−0.060%	$19.1M	$28.2M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BCH	−0.0073%	8h	265.10	−0.640%	$81K	$197K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	265.97	−0.315%	$220K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0063%	8h	265.01	−0.674%	$386K	$17K	10x	as long as short
SoDEX BCH-USD	−0.0051%	1h	266.85	+0.015%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	267.13	+0.119%	$858K	$3.0M	50x	as long as short
Gate BCH_USDT	−0.0036%	8h	266.94	+0.049%	$8.4M	$13.5M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.86	+0.019%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	266.29	−0.195%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.15	−0.247%	$1.0M	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	267.06	+0.094%	$447K	$331K	25x	as long as short
Bybit BCHUSDT	+0.0010%	8h	266.73	−0.030%	$39.4M	$31.1M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.271%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0035%	8h	266.95	+0.052%	$3.9M	$4.4M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0041%	8h	266.89	+0.030%	$2K	$176	10x	as long as short
BingX BCH-USDTlong	+0.0050%	8h	266.81	long leg	—	$32.9M	—
Aster BCHUSDT	+0.0094%	8h	266.93	+0.045%	$154K	$541K	75x	as long as short
Lighter BCH	+0.0096%	1h	266.94	+0.047%	$360K	$488K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.02	+0.079%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	266.14	−0.252%	$160K	$303K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.48	−0.500%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.79	−0.382%	$97K	$233K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0351% / S −0.0506%	1h	266.88	+0.027%	$24K	—	100x	as long as short