Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h −0.007%

Price spread now: Extended against Bybit+0.005%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.005%, 7d avg −0.032%

Together, before fees−0.070%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.038% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BCHUSDT	265.10	−0.0069	get 0.0069% / 8h	1h 05m	$38.9M	$31.8M	75x
Short	Extended BCH-USD	265.11	−0.0048	pay 0.0006% / 1h	5m 24s	$113K	$851K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now +0.005%Rate

Funding earned: $4.33
Price spread: +0.005% → −0.032%: $3.77
Slippage, 4 orders: −$19.84
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$27.73
Costs to cover: 0.358%
Break-even: 51.8 days

Slippage from Bybit: live order book, 3 min ago; Extended: live order book, 28 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 Bybit live order book, 3 min ago	1.89 bp	10.7 bp −$11	19.8 bp −$198	67.1 bp −$6,714	doesn't fit
Sell Extended live order book, 28 min ago	1.14 bp	7.4 bp −$7	49.7 bp −$497	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
SoDEX BCH-USD	−0.0343%	1h	265.28	+0.068%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0167%	8h	265.43	+0.124%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0149%	8h	265.58	+0.181%	$777K	$1.4M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0103%	1h	265.49	+0.147%	$863K	$2.9M	50x	as long as short
Variational Omni BCH	−0.0094%	8h	265.40	+0.115%	$81K	$196K	—	as long as short
KuCoin BCHUSDTM	−0.0091%	8h	265.32	+0.083%	$8.5M	$6.6M	75x	as long as short
Bitget BCHUSDT	−0.0077%	8h	265.19	+0.034%	$18.9M	$28.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0069%	8h	265.00	−0.038%	$25.3M	$77.9M	50x	as long as short
Bybit BCHUSDTlong	−0.0069%	8h	265.10	long leg	$38.9M	$31.8M	75x
Extended BCH-USDshort	−0.0048%	1h	265.11	+0.005%	$113K	$851K	25x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0044%	8h	265.14	+0.014%	$73.0M	$220.0M	75x	as long as short
MEXC BCH_USDT	−0.0044%	8h	265.58	+0.181%	$70.9M	$8.8M	200x	as long as short
BingX BCH-USDC	−0.0035%	8h	265.21	+0.041%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0026%	8h	265.34	+0.091%	$387K	$17K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0017%	1h	265.37	+0.101%	$442K	$337K	25x	as long as short
Nado BCH-PERP	−0.0008%	1h	265.26	+0.061%	$435K	$357K	10x	as long as short
Gate BCH_USDT	−0.0007%	8h	265.22	+0.045%	$8.4M	$13.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.29	+0.072%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.47	+0.139%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.88	+0.294%	$987K	$10.5M	2.7x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	265.90	+0.302%	$225K	$1.9M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.924%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	265.12	+0.008%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0051%	8h	265.13	+0.013%	$137K	$590K	75x	as long as short
BloFin BCH-USDT	+0.0075%	8h	265.63	+0.200%	$4.0M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	265.37	+0.101%	$353K	$496K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.37	+0.102%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.29	+0.070%	$159K	$311K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.23	+0.047%	$19K	$344K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.33	+0.087%	$95K	$239K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	265.36	+0.098%	$1K	$1.7M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.26	+0.060%	$12K	—	100x	as long as short