Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.015%

Price spread now: edgeX against Extended+0.191%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 3 days (all we have)−0.062%−$6 · spread now +0.191%, 7d avg +0.036%

Together, before fees+0.118%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and edgeX is 0.155% dearer against Extended than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BCH-USD	265.20	−0.0024	get 0.0003% / 1h	23m 18s	$114K	$652K	25x
Short	edgeX BCHUSDC	265.71	0.0100	get 0.0050% / 4h	23m 18s	$19K	$290K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.191%Rate

Funding earned: $26.04
Price spread: +0.191% → +0.036%: $15.52
Slippage, 4 orders: −$24.04
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $3.52
Costs to cover: 0.380%
Break-even: 6.1 days

Slippage from Extended: live order book, 55 min ago; edgeX: live order book, 55 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 Extended live order book, 55 min ago	0.93 bp	7.0 bp −$7	87.3 bp −$873	doesn't fit	doesn't fit
Sell edgeX live order book, 55 min ago	7.40 bp	12.0 bp −$12	14.8 bp −$148	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	−0.0435%	1h	265.47	+0.104%	$448K	$266K	25x	as long as short
ApeX Omni BCHUSDT	−0.0248%	1h	265.74	+0.204%	$72K	$213K	50x	as long as short
SoDEX BCH-USD	−0.0241%	1h	265.41	+0.080%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0145%	8h	266.12	+0.347%	$82K	$292K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	265.73	+0.200%	$846K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0089%	8h	265.42	+0.084%	$39.1M	$32.8M	75x	as long as short
Phemex BCHUSDT	−0.0088%	8h	265.70	+0.189%	$4.8M	$6.4M	50x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.886%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	265.57	+0.140%	$223K	$2.1M	50x	as long as short
Extended BCH-USDlong	−0.0024%	1h	265.20	long leg	$114K	$652K	25x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0021%	8h	265.54	+0.129%	$72.8M	$232.9M	75x	as long as short
MEXC BCH_USDT	−0.0020%	8h	265.78	+0.219%	$69.6M	$6.9M	200x	as long as short
Gate BCH_USDT	−0.0013%	8h	265.42	+0.084%	$8.3M	$14.8M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	265.51	+0.116%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.72	+0.197%	$1.2M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.53	+0.126%	$4K	—	150x	as long as short
Bitget BCHUSDT	+0.0025%	8h	265.34	+0.053%	$19.0M	$29.9M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0026%	8h	266.22	+0.386%	$388K	$17K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0027%	8h	265.33	+0.050%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAP	+0.0036%	8h	265.50	+0.114%	$25.8M	$77.9M	50x	as long as short
BingX BCH-USDC	+0.0039%	8h	265.27	+0.027%	—	$6.5M	—	as long as short
Nado BCH-PERP	+0.0090%	1h	265.31	+0.043%	$442K	$435K	10x	as long as short
Lighter BCH	+0.0096%	1h	265.55	+0.134%	$366K	$557K	10x	as long as short
BloFin BCH-USDT	+0.0099%	8h	265.27	+0.027%	$3.9M	$4.2M	50x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.52	+0.121%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.26	+0.024%	$211K	$674K	75x	as long as short
Pacifica BCH	+0.0100%	1h	265.41	+0.079%	$161K	$440K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	265.40	+0.076%	$8.8M	$7.7M	75x	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	265.71	+0.191%	$19K	$290K	20x
SunX BCH-USDT	+0.0100%	8h	265.26	+0.023%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	265.54	+0.129%	$771K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0340%	1h	265.47	+0.104%	$27K	—	100x	as long as short