Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.050%

Price spread now: BloFin against dYdX−0.120%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BloFin

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. BloFin is 0.120% cheaper against dYdX than usual: you would sell low and buy high (spread −0.120% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 33 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BCH-USD	264.98	0	get 0.0000% / 1h	4m 27s	$5K	$248	10x
Short	BloFin BCH-USDT	264.66	0.0012	get 0.0012% / 8h	5h 04m	$3.9M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. 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 dYdXbpFee BloFinbpOrdersPrice spread, now −0.120%Rate

Funding earned: $2.54
Price spread: −0.120% → 0.000%: −$12.02
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$31.48
Costs to cover: 0.220%
Break-even: 93.8 days

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 4 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 4 min ago	0.56 bp	13.7 bp −$14	16.6 bp −$166	32.2 bp −$3,224	doesn't fit

dYdX: 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
SunX BCH-USDT	−0.1043%	8h	264.03	−0.358%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0410%	8h	264.31	−0.252%	$769K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0329%	1h	264.39	−0.222%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0325%	8h	264.78	−0.075%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERP	−0.0134%	1h	264.56	−0.156%	$420K	$339K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	264.60	−0.143%	$222K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0120%	8h	265.65	+0.253%	$387K	$17K	10x	as long as short
Binance BCHUSDT	−0.0108%	8h	264.63	−0.130%	$72.0M	$213.6M	75x	as long as short
MEXC BCH_USDT	−0.0107%	8h	265.07	+0.035%	$69.9M	$7.1M	200x	as long as short
Gate BCH_USDT	−0.0106%	8h	264.66	−0.120%	$8.2M	$13.4M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0104%	1h	264.58	−0.149%	$112K	$952K	25x	as long as short
Variational Omni BCH	−0.0096%	8h	264.30	−0.257%	$81K	$201K	—	as long as short
OKX BCH-USDT-SWAP	−0.0077%	8h	264.40	−0.218%	$25.0M	$73.9M	50x	as long as short
KuCoin BCHUSDTM	−0.0075%	8h	264.82	−0.060%	$8.5M	$7.1M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0075%	1h	264.53	−0.169%	$443K	$331K	25x	as long as short
Bitget BCHUSDT	−0.0073%	8h	264.51	−0.177%	$19.0M	$28.1M	75x	as long as short
Bybit BCHUSDT	−0.0042%	8h	264.52	−0.173%	$39.0M	$30.9M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	264.67	−0.117%	$848K	$3.0M	50x	as long as short
BingX BCH-USDC	−0.0028%	8h	264.73	−0.094%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.56	−0.157%	$15K	—	150x	as long as short
dYdX BCH-USDlong	0.0000%	1h	264.98	long leg	$5K	$248	10x
Kalshi KXBCHPERP	0.0000%	8h	264.52	−0.173%	$1.1M	$10.2M	2.7x	as long as short
BloFin BCH-USDTshort	+0.0012%	8h	264.66	−0.120%	$3.9M	$4.2M	50x
Pacifica BCH	+0.0021%	1h	264.79	−0.071%	$161K	$321K	10x	as long as short
ApeX Omni BCHUSDT	+0.0023%	1h	265.74	+0.287%	$97K	$227K	50x	as long as short
Orderly PERP_BCH_USDC	+0.0032%	8h	264.40	−0.218%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.971%	$721	$130K	12x	as long as short
Lighter BCH	+0.0096%	1h	264.81	−0.062%	$362K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.82	−0.060%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.96	−0.007%	$167K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.10	+0.047%	$19K	$290K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0356% / S −0.0525%	1h	264.56	−0.159%	$25K	—	100x	as long as short