Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.020%

Price spread now: Orderly against gTrade (Gains Network)−0.325%57s7-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 Orderly

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. Orderly is 0.325% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.325% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$32 on $10k: about 22 days of funding at the current rate (+$1 a day). The two prices were read 57 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	265.13	L −0.0004% / S +0.0007%	get 0.0000% / 1h	45m 25s	$15K	—	150x
Short	Orderly PERP_BCH_USDC	264.27	0.0046	get 0.0046% / 8h	1h 45m	$2K	$176	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.325%Rate

Funding earned: $10.42
Price spread: −0.325% → 0.000%: −$32.47
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$38.05
Costs to cover: 0.160%
Break-even: 32.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Orderly: 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	−0.0441%	1h	264.30	−0.313%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0200%	8h	264.39	−0.279%	$773K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0160%	8h	264.25	−0.332%	$4.9M	$6.6M	50x	as long as short
KuCoin BCHUSDTM	−0.0107%	8h	265.06	−0.027%	$8.5M	$6.7M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0103%	1h	264.40	−0.276%	$844K	$3.0M	50x	as long as short
Bitget BCHUSDT	−0.0092%	8h	264.71	−0.159%	$18.9M	$28.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0082%	8h	264.70	−0.163%	$25.2M	$78.2M	50x	as long as short
Variational Omni BCH	−0.0076%	8h	264.10	−0.387%	$81K	$196K	—	as long as short
Binance BCHUSDT	−0.0050%	8h	264.97	−0.061%	$73.0M	$221.1M	75x	as long as short
Extended BCH-USD	−0.0048%	1h	264.19	−0.354%	$112K	$1.1M	25x	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	−0.0048%	8h	265.12	−0.004%	$70.4M	$8.5M	200x	as long as short
Bybit BCHUSDT	−0.0045%	8h	264.70	−0.163%	$38.9M	$31.9M	75x	as long as short
BingX BCH-USDC	−0.0029%	8h	264.88	−0.095%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0023%	8h	264.47	−0.249%	$386K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USDlong	L −0.0004% / S +0.0007%	1h	265.13	long leg	$15K	—	150x
Nado BCH-PERP	−0.0002%	1h	264.60	−0.200%	$435K	$356K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	264.40	−0.274%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.61	−0.197%	$983K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.41	−0.271%	$440K	$334K	25x	as long as short
Gate BCH_USDT	+0.0001%	8h	264.37	−0.287%	$8.3M	$13.8M	75x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	265.18	+0.018%	$220K	$1.9M	50x	as long as short
SunX BCH-USDT	+0.0014%	8h	264.09	−0.393%	$1K	$1.7M	30x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.912%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDCshort	+0.0046%	8h	264.27	−0.325%	$2K	$176	10x
Aster BCHUSDT	+0.0052%	8h	264.85	−0.104%	$149K	$590K	75x	as long as short
BloFin BCH-USDT	+0.0071%	8h	264.33	−0.302%	$4.0M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.26	−0.330%	$352K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.01	−0.046%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.22	−0.345%	$158K	$312K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.44	−0.260%	$18K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.62	−0.193%	$95K	$237K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.16	+0.011%	$12K	—	100x	as long as short