Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against Orderly+0.499%50s7-day average — · you sell dearer than you buy

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

Long on Orderly Short on ApeX Omni

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

The price spread pays, funding is against you. ApeX Omni is 0.499% dearer against Orderly than usual: you sell high and buy low (spread +0.499% now, against zero (this spread has no 7-day history yet)): +$50 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 6 months. The two prices were read 50 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	Orderly PERP_BCH_USDC	264.42	0.0033	pay 0.0033% / 8h	5h 05m	$2K	$176	10x
Short	ApeX Omni BCHUSDT	265.74	0.0023	get 0.0003% / 1h	5m 36s	$97K	$227K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now +0.499%Rate

Funding earned: −$1.96
Price spread: +0.499% → 0.000%: $49.92
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $31.97
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 56 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 56 min ago	4.53 bp	12.4 bp −$12	93.0 bp −$930	doesn't fit	doesn't fit

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
SunX BCH-USDT	−0.1061%	8h	264.47	+0.019%	$1K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0413%	8h	264.49	+0.026%	$768K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0334%	8h	264.56	+0.053%	$4.9M	$6.4M	50x	as long as short
SoDEX BCH-USD	−0.0325%	1h	264.42	0.000%	$2K	$8K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0135%	1h	264.54	+0.047%	$443K	$331K	25x	as long as short
Nado BCH-PERP	−0.0131%	1h	264.40	−0.008%	$420K	$339K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	264.60	+0.068%	$222K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0120%	8h	265.65	+0.465%	$387K	$17K	10x	as long as short
Gate BCH_USDT	−0.0112%	8h	264.47	+0.019%	$8.2M	$13.4M	75x	as long as short
Binance BCHUSDT	−0.0108%	8h	264.42	0.000%	$71.9M	$213.6M	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	−0.0106%	8h	264.64	+0.083%	$69.7M	$7.1M	200x	as long as short
Extended BCH-USD	−0.0104%	1h	264.18	−0.090%	$112K	$952K	25x	as long as short
Variational Omni BCH	−0.0096%	8h	264.30	−0.046%	$81K	$201K	—	as long as short
OKX BCH-USDT-SWAP	−0.0077%	8h	264.40	−0.008%	$24.9M	$73.8M	50x	as long as short
KuCoin BCHUSDTM	−0.0077%	8h	264.30	−0.045%	$8.5M	$7.1M	75x	as long as short
Bitget BCHUSDT	−0.0073%	8h	264.42	0.000%	$19.0M	$28.1M	75x	as long as short
Bybit BCHUSDT	−0.0046%	8h	264.40	−0.008%	$38.9M	$30.9M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	264.64	+0.085%	$848K	$3.0M	50x	as long as short
BingX BCH-USDC	−0.0028%	8h	264.31	−0.042%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.73	+0.115%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.55	+0.048%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.89	+0.178%	$1.1M	$10.2M	2.7x	as long as short
BloFin BCH-USDT	+0.0014%	8h	265.01	+0.223%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0021%	1h	264.27	−0.056%	$161K	$321K	10x	as long as short
ApeX Omni BCHUSDTshort	+0.0023%	1h	265.74	+0.499%	$97K	$227K	50x
Orderly PERP_BCH_USDClong	+0.0033%	8h	264.42	long leg	$2K	$176	10x
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.186%	$721	$130K	12x	as long as short
Lighter BCH	+0.0096%	1h	264.29	−0.050%	$362K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.64	+0.083%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.64	+0.083%	$167K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.10	+0.259%	$19K	$290K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0356% / S −0.0525%	1h	264.66	+0.090%	$25K	—	100x	as long as short