Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0198%/8h= +21.7% APRpaid last 24h +0.028%

Price spread now: edgeX against OKX+0.185%81s7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as 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−$420.417% of the position

Long on OKX Short on edgeX

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)+0.047%+$5 · spread now +0.185%, 7d avg +0.006%

Together, before fees+0.149%+ Points / potential airdropedgeX: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and edgeX is 0.179% dearer against OKX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.006%. The two prices were read 81 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 0.103% in total (about 5.4% 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	OKX BCH-USDT-SWAP	265.60	−0.0098	get 0.0098% / 8h	7h 28m	$25.1M	$78.2M	50x
Short	edgeX BCHUSDC	266.09	0.0100	get 0.0050% / 4h	3h 28m	$19K	$346K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now +0.185%Rate

Funding earned: $41.65
Price spread: +0.185% → +0.006%: $17.86
Slippage, 4 orders: −$22.71
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $17.81
Costs to cover: 0.417%
Break-even: 4.0 days

Slippage from OKX: live order book, 6 min ago; edgeX: live order book, 5 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 OKX live order book, 6 min ago	1.88 bp	10.5 bp −$11	18.4 bp −$184	81.0 bp −$8,105	doesn't fit
Sell edgeX live order book, 5 min ago	7.51 bp	12.2 bp −$12	14.6 bp −$146	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	−0.0416%	1h	265.37	−0.087%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0212%	8h	266.14	+0.203%	$388K	$17K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0159%	1h	265.76	+0.059%	$891K	$2.8M	50x	as long as short
Variational Omni BCH	−0.0132%	8h	266.11	+0.191%	$148K	$261K	—	as long as short
OKX BCH-USDT-SWAPlong	−0.0098%	8h	265.60	long leg	$25.1M	$78.2M	50x
Bitget BCHUSDT	−0.0072%	8h	265.39	−0.079%	$18.9M	$27.6M	75x	as long as short
KuCoin BCHUSDTM	−0.0070%	8h	265.40	−0.075%	$8.5M	$6.2M	75x	as long as short
Binance BCHUSDT	−0.0059%	8h	265.58	−0.008%	$72.7M	$218.1M	75x	as long as short
MEXC BCH_USDT	−0.0058%	8h	266.09	+0.184%	$71.2M	$9.4M	200x	as long as short
Extended BCH-USD	−0.0056%	1h	265.38	−0.084%	$116K	$918K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit BCH_USDC-PERPETUAL	−0.0055%	1h	265.56	−0.017%	$417K	$359K	25x	as long as short
Gate BCH_USDT	−0.0048%	8h	265.21	−0.147%	$8.2M	$13.1M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.34	−0.099%	$15K	—	150x	as long as short
Pacifica BCH	−0.0002%	1h	265.20	−0.150%	$154K	$299K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	265.26	−0.129%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.58	−0.008%	$1.0M	$9.4M	2.7x	as long as short
Aster BCHUSDT	+0.0004%	8h	265.46	−0.055%	$143K	$577K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.732%	$721	$130K	12x	as long as short
Bybit BCHUSDT	+0.0042%	8h	265.50	−0.038%	$39.4M	$32.4M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0043%	8h	265.48	−0.045%	$2K	—	10x	as long as short
BingX BCH-USDT	+0.0058%	8h	265.17	−0.162%	—	$15.2M	—	as long as short
BloFin BCH-USDT	+0.0062%	8h	265.30	−0.113%	$3.6M	$5.1M	50x	as long as short
Nado BCH-PERP	+0.0072%	1h	265.16	−0.165%	$453K	$397K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	265.72	+0.045%	$303K	$2.1M	50x	as long as short
Lighter BCH	+0.0096%	1h	265.54	−0.021%	$375K	$498K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.43	−0.064%	$5.8M	$4.8M	10x	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	266.09	+0.185%	$19K	$346K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	266.24	+0.241%	$96K	$242K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	265.05	−0.207%	$2K	$1.6M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	265.39	−0.079%	$773K	$1.4M	75x	as long as short
Phemex BCHUSDT	+0.0100%	8h	265.67	+0.026%	$4.9M	$6.5M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.37	−0.087%	$12K	—	100x	as long as short