Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.051%

Price spread now: BloFin against gTrade (Gains Network)−0.064%7-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 BloFin

What this pair did over the last

the charts below follow

Funding, last 3 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 0.064% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BCH/USD	265.97	L −0.0004% / S +0.0007%	get 0.0000% / 1h	6m 55s	$15K	—	150x
Short	BloFin BCH-USDT	265.80	0.0082	get 0.0082% / 8h	2h 06m	$3.9M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.064%Rate

Funding earned: $17.9
Price spread: −0.064% → 0.000%: −$6.39
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$10.49
Costs to cover: 0.220%
Break-even: 11.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 7 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 BloFin live order book, 7 min ago	2.45 bp	10.3 bp −$10	19.3 bp −$193	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
SoDEX BCH-USD	−0.0222%	1h	265.85	−0.045%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0192%	8h	265.89	−0.030%	$775K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0182%	8h	265.85	−0.045%	$5.0M	$6.6M	50x	as long as short
Bitget BCHUSDT	−0.0095%	8h	265.57	−0.150%	$19.0M	$28.6M	75x	as long as short
KuCoin BCHUSDTM	−0.0088%	8h	265.84	−0.049%	$8.5M	$6.8M	75x	as long as short
Variational Omni BCH	−0.0068%	8h	265.30	−0.251%	$81K	$196K	—	as long as short
OKX BCH-USDT-SWAP	−0.0063%	8h	265.50	−0.177%	$25.3M	$78.4M	50x	as long as short
Extended BCH-USD	−0.0040%	1h	265.49	−0.180%	$115K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	265.91	−0.023%	$221K	$1.9M	50x	as long as short
Binance BCHUSDT	−0.0038%	8h	265.58	−0.147%	$73.2M	$221.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0038%	8h	266.11	+0.053%	$70.9M	$8.4M	200x	as long as short
Nado BCH-PERP	−0.0035%	1h	265.74	−0.086%	$438K	$355K	10x	as long as short
SunX BCH-USDT	−0.0034%	8h	265.73	−0.090%	$2K	$1.7M	30x	as long as short
Bybit BCHUSDT	−0.0022%	8h	265.52	−0.169%	$39.0M	$31.8M	75x	as long as short
BingX BCH-USDT	−0.0016%	8h	265.72	−0.094%	—	$32.9M	—	as long as short
GRVT BCH_USDT_Perp	−0.0006%	8h	265.54	−0.161%	$387K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USDlong	L −0.0004% / S +0.0007%	1h	265.97	long leg	$15K	—	150x
dYdX BCH-USD	0.0000%	1h	265.83	−0.054%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.86	−0.041%	$988K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	266.04	+0.027%	$443K	$333K	25x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.590%	$721	$130K	12x	as long as short
Gate BCH_USDT	+0.0034%	8h	265.71	−0.098%	$8.4M	$13.9M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	265.97	0.000%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0071%	8h	265.63	−0.128%	$150K	$564K	75x	as long as short
BloFin BCH-USDTshort	+0.0082%	8h	265.80	−0.064%	$3.9M	$4.5M	50x
Lighter BCH	+0.0096%	1h	265.89	−0.031%	$354K	$498K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.96	−0.004%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.62	−0.131%	$159K	$312K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.38	−0.223%	$18K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.63	−0.128%	$95K	$237K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0179%	1h	265.98	+0.006%	$850K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	266.05	+0.032%	$12K	—	100x	as long as short