Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0755%/8h= +82.6% APRpaid last 24h +0.077%

Price spread now: Orderly against Deribit−0.038%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Orderly

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. Orderly is 0.038% cheaper against Deribit than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$23 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BCH_USDC-PERPETUAL	270.05	−0.0730	get 0.0091% / 1h	16m 35s	$458K	$265K	25x
Short	Orderly PERP_BCH_USDC	269.95	0.0024	get 0.0024% / 8h	1h 16m	$2K	$176	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.038%Rate

Funding earned: $158.51
Price spread: −0.038% → 0.000%: −$3.81
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $141.69
Costs to cover: 0.130%
Break-even: 0.7 days

Slippage unknown: Deribit: live order book, 2 min ago; Orderly: 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 Deribit live order book, 2 min ago	4.49 bp	8.2 bp −$8	13.3 bp −$133	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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-PERPETUALlong	−0.0730%	1h	270.05	long leg	$458K	$265K	25x
Phemex BCHUSDT	−0.0186%	8h	270.02	−0.012%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0155%	1h	269.97	−0.031%	$2K	$6K	10x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	+0.054%	$721	$130K	12x	as long as short
Variational Omni BCH	−0.0110%	8h	270.72	+0.246%	$83K	$294K	—	as long as short
Bybit BCHUSDT	−0.0060%	8h	269.90	−0.057%	$39.4M	$33.0M	75x	as long as short
Extended BCH-USD	−0.0048%	1h	270.05	+0.001%	$117K	$653K	25x	as long as short
Binance BCHUSDT	−0.0046%	8h	270.01	−0.018%	$75.1M	$234.0M	75x	as long as short
MEXC BCH_USDT	−0.0045%	8h	270.57	+0.191%	$70.9M	$6.6M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	270.23	+0.066%	$5K	$248	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXBCHPERP	0.0000%	8h	270.60	+0.203%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.15	+0.036%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0004%	8h	270.14	+0.032%	$8.4M	$14.9M	75x	as long as short
Bitget BCHUSDT	+0.0014%	8h	270.10	+0.017%	$19.5M	$29.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	270.97	+0.340%	$243K	$2.1M	50x	as long as short
GRVT BCH_USDT_Perp	+0.0020%	8h	270.72	+0.248%	$395K	$17K	10x	as long as short
Orderly PERP_BCH_USDCshort	+0.0024%	8h	269.95	−0.038%	$2K	$176	10x
OKX BCH-USDT-SWAP	+0.0066%	8h	270.00	−0.020%	$26.4M	$78.3M	50x	as long as short
BingX BCH-USDT	+0.0072%	8h	270.12	+0.025%	—	$30.5M	—	as long as short
BloFin BCH-USDT	+0.0074%	8h	269.98	−0.027%	$4.0M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	270.02	−0.011%	$378K	$587K	10x	as long as short
Nado BCH-PERP	+0.0097%	1h	270.09	+0.015%	$443K	$428K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.32	+0.100%	$6.0M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.92	−0.049%	$218K	$703K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.02	−0.011%	$164K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	270.07	+0.006%	$9.3M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.71	+0.244%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	271.00	+0.351%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.80	−0.094%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.08	+0.010%	$777K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0113%	1h	270.28	+0.084%	$818K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0342% / S −0.0467%	1h	270.16	+0.040%	$26K	—	100x	as long as short