Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.014%

Price spread now: dYdX against MEXC−0.065%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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. dYdX is 0.065% cheaper against MEXC than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BCH_USDT	269.14	−0.0076	get 0.0076% / 8h	7h 04m	$70.6M	$6.7M	200x
Short	dYdX BCH-USD	268.96	0	get 0.0000% / 1h	4m 17s	$5K	$248	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against MEXC. 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 MEXCbpFee dYdXbpOrdersPrice spread, now −0.065%Rate

Funding earned: $15.96
Price spread: −0.065% → 0.000%: −$6.54
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$4.58
Costs to cover: 0.140%
Break-even: 9.0 days

Slippage unknown: MEXC: live order book, 5 min ago; dYdX: 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 MEXC live order book, 5 min ago	3.89 bp	6.6 bp −$7	17.5 bp −$175	48.7 bp −$4,867	82.5 bp −$41.2K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Deribit BCH_USDC-PERPETUAL	−0.0595%	1h	268.52	−0.231%	$454K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0549%	1h	268.35	−0.294%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0507%	8h	268.57	−0.212%	$4.9M	$6.5M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0187%	8h	269.71	+0.213%	$393K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0170%	1h	269.64	+0.186%	$73K	$214K	50x	as long as short
Gate BCH_USDT	−0.0163%	8h	268.64	−0.186%	$8.4M	$14.4M	75x	as long as short
Variational Omni BCH	−0.0122%	8h	268.20	−0.349%	$82K	$285K	—	as long as short
Extended BCH-USD	−0.0080%	1h	268.30	−0.313%	$117K	$961K	25x	as long as short
Binance BCHUSDT	−0.0078%	8h	268.34	−0.298%	$72.6M	$230.0M	75x	as long as short
MEXC BCH_USDTlong	−0.0076%	8h	269.14	long leg	$70.6M	$6.7M	200x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0056%	1h	268.62	−0.193%	$237K	$2.0M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	268.64	−0.187%	$867K	$3.1M	50x	as long as short
Bitget BCHUSDT	−0.0027%	8h	268.50	−0.238%	$19.4M	$29.6M	75x	as long as short
Bybit BCHUSDT	−0.0026%	8h	268.25	−0.331%	$39.7M	$32.6M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0013%	8h	268.10	−0.386%	$26.1M	$76.2M	50x	as long as short
BingX BCH-USDT	−0.0004%	8h	268.62	−0.193%	—	$32.3M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0003% / S +0.0007%	1h	268.85	−0.109%	$7K	—	150x	as long as short
dYdX BCH-USDshort	0.0000%	1h	268.96	−0.065%	$5K	$248	10x
Kalshi KXBCHPERP	0.0000%	8h	268.71	−0.160%	$1.1M	$11.0M	2.7x	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	268.45	−0.256%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.394%	$721	$130K	12x	as long as short
Nado BCH-PERP	+0.0040%	1h	268.49	−0.240%	$437K	$423K	10x	as long as short
BloFin BCH-USDT	+0.0044%	8h	268.09	−0.390%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.51	−0.233%	$370K	$530K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.95	−0.071%	$6.6M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.50	−0.237%	$177K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.74	−0.147%	$163K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.79	−0.130%	$8.8M	$7.6M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	269.17	+0.012%	$19K	$291K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.13	−0.375%	$2K	$1.9M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.51	−0.234%	$784K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0451%	1h	268.80	−0.128%	$25K	—	100x	as long as short