Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.012%

Price spread now: Extended against edgeX−0.246%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.178%−$18 on $10k

Price spread, last 3 days (all we have)+0.055%+$5 · spread now −0.246%, 7d avg −0.038%

Together, before fees−0.123%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Extended is 0.208% cheaper against edgeX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BCHUSDC	268.56	0.0100	pay 0.0050% / 4h	2h 06m	$19K	$289K	20x
Short	Extended BCH-USD	267.90	−0.0096	pay 0.0012% / 1h	6m 44s	$115K	$653K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against edgeX. 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 edgeXbpFee ExtendedbpOrdersPrice spread, now −0.246%Rate

Funding earned: −$41.16
Price spread: −0.246% → −0.038%: −$20.83
Slippage, 4 orders: −$23.74
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$99.73
Costs to cover: 0.377%
Break-even: never at this rate

Slippage from edgeX: live order book, 16 min ago; Extended: live order book, 16 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 edgeX live order book, 16 min ago	7.26 bp	11.8 bp −$12	14.7 bp −$147	doesn't fit	doesn't fit
Sell Extended live order book, 16 min ago	0.93 bp	7.0 bp −$7	91.7 bp −$917	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
Deribit BCH_USDC-PERPETUAL	−0.0607%	1h	268.13	−0.162%	$439K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	268.50	−0.024%	$716	$110K	12x	as long as short
Phemex BCHUSDT	−0.0184%	8h	268.09	−0.176%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0151%	1h	267.97	−0.221%	$2K	$6K	10x	as long as short
Extended BCH-USDshort	−0.0096%	1h	267.90	−0.246%	$115K	$653K	25x
Binance BCHUSDT	−0.0093%	8h	267.87	−0.258%	$73.9M	$229.3M	75x	as long as short
MEXC BCH_USDT	−0.0092%	8h	268.65	+0.032%	$71.1M	$6.4M	200x	as long as short
Variational Omni BCH	−0.0070%	8h	268.14	−0.157%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0035%	8h	267.97	−0.221%	$19.9M	$29.0M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	268.88	+0.118%	$242K	$2.1M	50x	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	−0.0023%	8h	268.05	−0.191%	$8.4M	$14.5M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0016%	8h	268.59	+0.009%	$391K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0002%	8h	267.80	−0.284%	$39.3M	$32.1M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.24	−0.122%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.46	−0.039%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.37	−0.074%	$4K	—	150x	as long as short
BingX BCH-USDC	+0.0024%	8h	267.97	−0.221%	—	$6.5M	—	as long as short
Orderly PERP_BCH_USDC	+0.0027%	8h	268.07	−0.184%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0027%	8h	268.19	−0.139%	$4.0M	$4.1M	50x	as long as short
OKX BCH-USDT-SWAP	+0.0029%	8h	267.80	−0.284%	$26.2M	$76.0M	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.31	−0.096%	$804K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.04	−0.195%	$376K	$581K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.15	−0.152%	$439K	$425K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.33	−0.088%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.23	−0.124%	$236K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.31	−0.094%	$169K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.11	−0.169%	$8.9M	$7.9M	75x	as long as short
edgeX BCHUSDClong	+0.0100%	4h	268.56	long leg	$19K	$289K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	268.79	+0.084%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.19	−0.139%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.97	−0.221%	$772K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0373% / S −0.0574%	1h	268.34	−0.084%	$26K	—	100x	as long as short