Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h −0.003%

Price spread now: ApeX Omni against Gate+0.091%81s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$530.526% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)+0.376%+$38 · spread now +0.091%, 7d avg +0.045%

Together, before fees+0.480%+$48 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 ApeX Omni is 0.046% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.045%. The two prices were read 81 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	Gate BCH_USDT	263.86	−0.0027	get 0.0027% / 8h	21m 58s	$8.3M	$13.6M	75x
Short	ApeX Omni BCHUSDT	264.10	0.0100	get 0.0013% / 1h	21m 58s	$95K	$242K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.091%Rate

Funding earned: $26.67
Price spread: +0.091% → +0.045%: $4.58
Slippage, 4 orders: −$27.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$21.39
Costs to cover: 0.526%
Break-even: 12.6 days

Slippage from Gate: live order book, 2 min ago; ApeX Omni: live order book, 14 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 Gate live order book, 2 min ago	2.27 bp	11.1 bp −$11	20.1 bp −$201	30.6 bp −$3,056	43.5 bp −$21.8K
Sell ApeX Omni live order book, 14 min ago	4.54 bp	12.4 bp −$12	102.8 bp −$1,028	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
SoDEX BCH-USD	−0.0356%	1h	263.77	−0.034%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0220%	1h	264.02	+0.060%	$857K	$2.7M	50x	as long as short
Phemex BCHUSDT	−0.0158%	8h	263.83	−0.011%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0128%	8h	263.90	+0.016%	$81K	$196K	—	as long as short
Bybit BCHUSDT	−0.0110%	8h	263.80	−0.023%	$38.8M	$30.9M	75x	as long as short
HTX BCH-USDT	−0.0088%	8h	263.83	−0.011%	$771K	$1.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0086%	8h	264.06	+0.076%	$8.4M	$6.3M	75x	as long as short
Bitget BCHUSDT	−0.0076%	8h	263.81	−0.019%	$19.1M	$27.1M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0066%	8h	263.80	−0.023%	$25.1M	$76.1M	50x	as long as short
Extended BCH-USD	−0.0056%	1h	263.72	−0.053%	$110K	$907K	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	−0.0053%	8h	264.23	+0.140%	$70.5M	$8.9M	200x	as long as short
Binance BCHUSDT	−0.0053%	8h	263.83	−0.011%	$72.7M	$212.6M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0043%	8h	264.06	+0.076%	$385K	$17K	10x	as long as short
BingX BCH-USDC	−0.0041%	8h	263.81	−0.019%	—	$6.5M	—	as long as short
Gate BCH_USDTlong	−0.0027%	8h	263.86	long leg	$8.3M	$13.6M	75x
Deribit BCH_USDC-PERPETUAL	−0.0019%	1h	264.03	+0.066%	$425K	$348K	25x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.03	+0.065%	$15K	—	150x	as long as short
Pacifica BCH	−0.0003%	1h	264.02	+0.060%	$158K	$293K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	264.13	+0.104%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.23	+0.140%	$993K	$9.7M	2.7x	as long as short
Aster BCHUSDT	+0.0017%	8h	264.05	+0.072%	$136K	$582K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.403%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.90	+0.015%	$2K	—	10x	as long as short
BloFin BCH-USDT	+0.0066%	8h	263.88	+0.008%	$3.5M	$4.5M	50x	as long as short
Nado BCH-PERP	+0.0071%	1h	264.00	+0.055%	$433K	$350K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	263.87	+0.004%	$245K	$1.9M	50x	as long as short
Lighter BCH	+0.0096%	1h	263.86	−0.002%	$352K	$469K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.98	+0.045%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.98	+0.045%	$18K	$344K	20x	as long as short
ApeX Omni BCHUSDTshort	+0.0100%	1h	264.10	+0.091%	$95K	$242K	50x
SunX BCH-USDT	+0.0100%	8h	263.72	−0.053%	$1K	$1.6M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.06	+0.075%	$12K	—	100x	as long as short