Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.008%

Price spread now: Bybit against gTrade (Gains Network)−0.085%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 Bybit

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. Bybit is 0.085% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 12 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BCH/USD	264.73	L −0.0004% / S +0.0007%	get 0.0000% / 1h	25m 58s	$15K	—	150x
Short	Bybit BCHUSDT	264.50	0.0020	get 0.0020% / 8h	3h 25m	$39.0M	$31.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.085%Rate

Funding earned: $4.97
Price spread: −0.085% → 0.000%: −$8.5
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$24.53
Costs to cover: 0.210%
Break-even: 41.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	1.89 bp	11.0 bp −$11	19.2 bp −$192	74.4 bp −$7,440	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	−0.0252%	1h	264.48	−0.093%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0246%	8h	264.62	−0.040%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0230%	8h	264.54	−0.070%	$772K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0191%	1h	264.55	−0.067%	$429K	$346K	10x	as long as short
SunX BCH-USDT	−0.0177%	8h	264.38	−0.130%	$1K	$1.7M	30x	as long as short
KuCoin BCHUSDTM	−0.0093%	8h	264.68	−0.017%	$8.4M	$6.9M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0088%	8h	264.40	−0.123%	$25.1M	$76.1M	50x	as long as short
Bitget BCHUSDT	−0.0080%	8h	264.46	−0.100%	$18.9M	$28.3M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	264.38	−0.132%	$113K	$956K	25x	as long as short
Binance BCHUSDT	−0.0069%	8h	264.49	−0.089%	$71.8M	$215.7M	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	−0.0068%	8h	265.04	+0.119%	$70.1M	$7.9M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	264.72	−0.002%	$218K	$1.8M	50x	as long as short
Variational Omni BCH	−0.0063%	8h	264.40	−0.122%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	264.78	+0.022%	$849K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0040%	8h	265.30	+0.217%	$387K	$17K	10x	as long as short
Gate BCH_USDT	−0.0034%	8h	264.62	−0.040%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USDlong	L −0.0004% / S +0.0007%	1h	264.73	long leg	$15K	—	150x
dYdX BCH-USD	0.0000%	1h	264.90	+0.068%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.89	+0.062%	$995K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.68	−0.017%	$443K	$332K	25x	as long as short
BingX BCH-USDT	+0.0017%	8h	264.68	−0.017%	—	$32.9M	—	as long as short
Bybit BCHUSDTshort	+0.0020%	8h	264.50	−0.085%	$39.0M	$31.2M	75x
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.068%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.52	−0.077%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0052%	8h	264.64	−0.032%	$3.9M	$4.3M	50x	as long as short
Aster BCHUSDT	+0.0084%	8h	264.81	+0.034%	$149K	$546K	75x	as long as short
Lighter BCH	+0.0096%	1h	264.57	−0.058%	$355K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.86	+0.051%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.66	−0.023%	$159K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.28	+0.208%	$18K	$321K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.77	+0.395%	$97K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0358% / S −0.0530%	1h	264.67	−0.021%	$25K	—	100x	as long as short