Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0035%/8h= −3.9% APRpaid last 24h −0.054%

Price spread now: Injective against BloFin+2.105%7-day average +0.169% · you sell dearer than you buy

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)−3.364%−$336 · spread now +2.105%, 7d avg +0.169%

Together, before fees−3.422%−$342 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.936% dearer against BloFin than usual: you sell high and buy low (spread +2.105% now, against its 7-day average of +0.169%): +$194 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BCH-USDT	264.63	0.0069	pay 0.0069% / 8h	18m 25s	$3.5M	$4.5M	50x
Short	Injective BCH/USDC PERP	270.20	0.0033	get 0.0004% / 1h	18m 25s	$721	$130K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee InjectivebpOrdersPrice spread, now +2.105%Rate

Funding earned: −$7.41
Price spread: +2.105% → +0.169%: $193.56
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $174.14
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 5 min ago; Injective: 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 BloFin live order book, 5 min ago	0.38 bp	7.6 bp −$8	14.8 bp −$148	34.0 bp −$3,404	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
SoDEX BCH-USD	−0.0326%	1h	264.57	−0.023%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0219%	1h	264.90	+0.104%	$859K	$2.7M	50x	as long as short
Phemex BCHUSDT	−0.0163%	8h	264.71	+0.030%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0128%	8h	263.50	−0.426%	$81K	$196K	—	as long as short
Bybit BCHUSDT	−0.0110%	8h	264.50	−0.049%	$38.9M	$30.9M	75x	as long as short
HTX BCH-USDT	−0.0085%	8h	264.58	−0.019%	$775K	$1.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0081%	8h	264.57	−0.023%	$8.4M	$6.3M	75x	as long as short
Bitget BCHUSDT	−0.0075%	8h	264.47	−0.060%	$19.1M	$27.1M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0064%	8h	264.40	−0.087%	$25.1M	$76.3M	50x	as long as short
Binance BCHUSDT	−0.0051%	8h	264.60	−0.011%	$73.0M	$212.7M	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_USDT	−0.0051%	8h	264.83	+0.076%	$70.6M	$8.9M	200x	as long as short
Extended BCH-USD	−0.0048%	1h	264.41	−0.083%	$110K	$907K	25x	as long as short
GRVT BCH_USDT_Perp	−0.0044%	8h	263.75	−0.333%	$385K	$17K	10x	as long as short
BingX BCH-USDC	−0.0041%	8h	264.54	−0.034%	—	$6.5M	—	as long as short
Gate BCH_USDT	−0.0027%	8h	264.57	−0.023%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.74	+0.040%	$15K	—	150x	as long as short
Pacifica BCH	−0.0003%	1h	264.49	−0.053%	$158K	$293K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	264.80	+0.064%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.88	+0.094%	$996K	$9.7M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.75	+0.044%	$427K	$348K	25x	as long as short
Aster BCHUSDT	+0.0017%	8h	264.48	−0.056%	$136K	$582K	75x	as long as short
Injective BCH/USDC PERPshort	+0.0033%	1h	270.20	+2.105%	$721	$130K	12x
Orderly PERP_BCH_USDC	+0.0046%	8h	264.64	+0.004%	$2K	—	10x	as long as short
BloFin BCH-USDTlong	+0.0069%	8h	264.63	long leg	$3.5M	$4.5M	50x
Nado BCH-PERP	+0.0072%	1h	264.35	−0.106%	$433K	$350K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	265.02	+0.147%	$246K	$1.9M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.56	−0.028%	$352K	$469K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.63	0.000%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.72	−0.342%	$18K	$344K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	263.92	−0.268%	$95K	$242K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	264.40	−0.087%	$2K	$1.6M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.74	+0.043%	$12K	—	100x	as long as short