Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0194%/8h= +21.2% APRpaid last 24h −0.010%

Price spread now: ApeX Omni against KuCoin+0.026%97s7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as 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−$610.606% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now +0.026%, 7d avg +0.031%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.015% in total (about 0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BCHUSDTM	264.92	−0.0094	get 0.0094% / 8h	3h 17m	$8.5M	$6.9M	75x
Short	ApeX Omni BCHUSDT	264.99	0.0100	get 0.0013% / 1h	17m 55s	$96K	$234K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.026%Rate

Funding earned: $40.74
Price spread: +0.026% → +0.031%: −$0.44
Slippage, 4 orders: −$38.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$20.34
Costs to cover: 0.606%
Break-even: 10.5 days

Slippage from KuCoin: live order book, 5 min ago; ApeX Omni: live order book, 33 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 KuCoin live order book, 5 min ago	1.71 bp	16.0 bp −$16	62.6 bp −$626	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 33 min ago	6.20 bp	13.3 bp −$13	98.7 bp −$987	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	−0.0281%	1h	264.75	−0.064%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0241%	8h	264.75	−0.064%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0239%	8h	264.71	−0.079%	$772K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0181%	1h	264.50	−0.159%	$429K	$347K	10x	as long as short
SunX BCH-USDT	−0.0176%	8h	264.31	−0.230%	$1K	$1.7M	30x	as long as short
KuCoin BCHUSDTMlong	−0.0094%	8h	264.92	long leg	$8.5M	$6.9M	75x
OKX BCH-USDT-SWAP	−0.0086%	8h	264.80	−0.045%	$25.1M	$76.2M	50x	as long as short
Bitget BCHUSDT	−0.0084%	8h	264.75	−0.064%	$18.9M	$28.3M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	264.73	−0.071%	$112K	$1.0M	25x	as long as short
Binance BCHUSDT	−0.0068%	8h	265.11	+0.072%	$72.0M	$215.8M	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	265.37	+0.170%	$70.2M	$7.9M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	264.31	−0.230%	$217K	$1.8M	50x	as long as short
Variational Omni BCH	−0.0061%	8h	264.60	−0.119%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	265.02	+0.038%	$857K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0046%	8h	264.81	−0.042%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0036%	8h	264.92	0.000%	$8.3M	$13.7M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.83	−0.033%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.75	−0.063%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.93	+0.004%	$993K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.97	+0.018%	$443K	$331K	25x	as long as short
Bybit BCHUSDT	+0.0015%	8h	265.05	+0.049%	$39.1M	$31.3M	75x	as long as short
BingX BCH-USDC	+0.0018%	8h	265.06	+0.053%	—	$6.5M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.993%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.73	−0.072%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0052%	8h	264.70	−0.083%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0083%	8h	265.04	+0.044%	$150K	$546K	75x	as long as short
Lighter BCH	+0.0096%	1h	264.85	−0.026%	$356K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.13	+0.079%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.56	−0.136%	$159K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.53	−0.148%	$18K	$322K	20x	as long as short
ApeX Omni BCHUSDTshort	+0.0100%	1h	264.99	+0.026%	$96K	$234K	50x
GMX BCH/USD [WBTC.b-USDC]	L +0.0358% / S −0.0530%	1h	264.88	−0.015%	$25K	—	100x	as long as short