Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h +0.022%

Price spread now: Aster against gTrade (Gains Network)−0.397%92s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.397% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.397% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$40 on $10k: about 51 days of funding at the current rate (+$1 a day). The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BCH/USD	270.16	L −0.0004% / S +0.0007%	get 0.0000% / 1h	58m 52s	$15K	—	150x
Short	Aster BCHUSDT	269.09	0.0022	get 0.0022% / 8h	6h 58m	$149K	$556K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.397%Rate

Funding earned: $5.42
Price spread: −0.397% → 0.000%: −$39.71
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$52.29
Costs to cover: 0.180%
Break-even: 74.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: live order book, 34 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aster live order book, 34 min ago	4.32 bp	9.8 bp −$10	23.2 bp −$232	doesn't fit	doesn't fit

gTrade (Gains Network): 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
Phemex BCHUSDT	−0.0285%	8h	268.85	−0.485%	$5.0M	$6.5M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0222%	1h	268.75	−0.521%	$422K	$356K	25x	as long as short
Variational Omni BCH	−0.0119%	8h	270.00	−0.059%	$147K	$259K	—	as long as short
SoDEX BCH-USD	−0.0114%	1h	268.82	−0.496%	$2K	$8K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0107%	8h	268.60	−0.577%	$25.5M	$76.3M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0097%	8h	270.39	+0.087%	$394K	$17K	10x	as long as short
Binance BCHUSDT	−0.0060%	8h	269.07	−0.403%	$74.0M	$205.8M	75x	as long as short
MEXC BCH_USDT	−0.0059%	8h	269.60	−0.207%	$72.8M	$9.3M	200x	as long as short
Extended BCH-USD	−0.0056%	1h	268.92	−0.460%	$121K	$921K	25x	as long as short
Bitget BCHUSDT	−0.0056%	8h	268.74	−0.526%	$19.3M	$27.2M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BCHUSDTM	−0.0047%	8h	269.02	−0.422%	$8.5M	$5.9M	75x	as long as short
gTrade (Gains Network) BCH/USDlong	L −0.0004% / S +0.0007%	1h	270.16	long leg	$15K	—	150x
Pacifica BCH	−0.0002%	1h	269.65	−0.190%	$157K	$278K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	269.30	−0.320%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.56	−0.222%	$1.0M	$8.7M	2.7x	as long as short
BingX BCH-USDC	+0.0004%	8h	268.89	−0.470%	—	$6.5M	—	as long as short
Aster BCHUSDTshort	+0.0022%	8h	269.09	−0.397%	$149K	$556K	75x
Gate BCH_USDT	+0.0027%	8h	268.98	−0.437%	$8.3M	$12.4M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.015%	$721	$130K	12x	as long as short
Bybit BCHUSDT	+0.0037%	8h	268.70	−0.540%	$39.8M	$31.0M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0044%	8h	268.67	−0.552%	$2K	$540	10x	as long as short
BloFin BCH-USDT	+0.0060%	8h	268.73	−0.529%	$3.5M	$5.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	269.10	−0.391%	$393K	$466K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	269.13	−0.380%	$458K	$378K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.03	−0.418%	$5.9M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.12	−0.014%	$19K	$346K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.49	+0.122%	$98K	$243K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.65	−0.189%	$1K	$1.5M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	269.08	−0.400%	$781K	$1.3M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0104%	1h	268.92	−0.460%	$881K	$2.7M	50x	as long as short
Coinbase International BCH-PERP-INTX	+0.0144%	1h	269.24	−0.341%	$346K	$2.1M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0210% / S −0.0163%	1h	270.39	+0.084%	$13K	—	100x	as long as short