Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.093%

Price spread now: edgeX against Deribit−0.017%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.307%+$31 on $10k

Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.017%, 7d avg −0.047%

Together, before fees+0.508%+ Points / potential airdropedgeX: Active · farm board+$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.030% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BCH_USDC-PERPETUAL	266.31	0	get 0.0000% / 1h	31m 22s	$418K	$359K	25x
Short	edgeX BCHUSDC	266.26	0.0100	get 0.0050% / 4h	3h 31m	$19K	$345K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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 DeribitbpFee edgeXbpOrdersPrice spread, now −0.017%Rate

Funding earned: $21
Price spread: −0.017% → −0.047%: $2.95
Slippage, 4 orders: −$26.15
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$18.2
Costs to cover: 0.421%
Break-even: 13.1 days

Slippage from Deribit: live order book, 63 min ago; edgeX: live order book, 2 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 Deribit live order book, 63 min ago	3.68 bp	8.7 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	7.51 bp	12.2 bp −$12	14.6 bp −$146	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	−0.0385%	1h	266.15	−0.058%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0180%	8h	266.85	+0.206%	$389K	$17K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0159%	1h	266.38	+0.028%	$869K	$2.7M	50x	as long as short
Variational Omni BCH	−0.0129%	8h	266.91	+0.226%	$149K	$262K	—	as long as short
OKX BCH-USDT-SWAP	−0.0099%	8h	266.10	−0.077%	$25.2M	$78.1M	50x	as long as short
Bitget BCHUSDT	−0.0073%	8h	266.16	−0.054%	$19.2M	$27.3M	75x	as long as short
KuCoin BCHUSDTM	−0.0071%	8h	266.17	−0.051%	$8.5M	$6.2M	75x	as long as short
Binance BCHUSDT	−0.0057%	8h	266.19	−0.043%	$73.6M	$216.2M	75x	as long as short
Extended BCH-USD	−0.0056%	1h	266.08	−0.086%	$116K	$918K	25x	as long as short
MEXC BCH_USDT	−0.0055%	8h	266.75	+0.167%	$71.6M	$9.3M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0052%	8h	266.19	−0.043%	$8.3M	$13.0M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.33	+0.011%	$15K	—	150x	as long as short
Pacifica BCH	−0.0002%	1h	266.17	−0.050%	$155K	$296K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	266.29	−0.007%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.45	+0.054%	$1.0M	$9.1M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALlong	0.0000%	1h	266.31	long leg	$418K	$359K	25x
Aster BCHUSDT	+0.0004%	8h	266.47	+0.062%	$143K	$574K	75x	as long as short
Phemex BCHUSDT	+0.0008%	8h	266.28	−0.009%	$4.9M	$6.5M	50x	as long as short
Bybit BCHUSDT	+0.0023%	8h	266.20	−0.039%	$39.4M	$32.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.463%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0043%	8h	266.19	−0.043%	$2K	—	10x	as long as short
BingX BCH-USDT	+0.0056%	8h	266.21	−0.036%	—	$15.2M	—	as long as short
BloFin BCH-USDT	+0.0066%	8h	266.27	−0.013%	$3.5M	$5.1M	50x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	268.36	+0.772%	$304K	$2.1M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.28	−0.010%	$375K	$495K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	266.14	−0.060%	$427K	$351K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.47	+0.062%	$5.8M	$4.7M	10x	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	266.26	−0.017%	$19K	$345K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	266.30	−0.002%	$96K	$241K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	265.96	−0.130%	$2K	$1.6M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.39	+0.032%	$777K	$1.4M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	266.15	−0.057%	$12K	—	100x	as long as short