Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.007%

Price spread now: Extended against Orderly+0.038%7-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 Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Extended is 0.038% dearer against Orderly than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BCH_USDC	265.68	0.0028	pay 0.0028% / 8h	6h 47m	$2K	$176	10x
Short	Extended BCH-USD	265.78	−0.0088	pay 0.0011% / 1h	47m 45s	$112K	$966K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$24.43
Price spread: +0.038% → 0.000%: $3.85
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$31.58
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 20 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 Extended live order book, 20 min ago	0.93 bp	7.0 bp −$7	28.7 bp −$287	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
Deribit BCH_USDC-PERPETUAL	−0.0498%	1h	265.72	+0.017%	$449K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0484%	1h	265.70	+0.008%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0469%	8h	265.66	−0.008%	$4.9M	$6.5M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0299%	1h	265.95	+0.102%	$851K	$3.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0218%	8h	265.32	−0.136%	$387K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0189%	1h	265.54	−0.053%	$97K	$226K	50x	as long as short
Gate BCH_USDT	−0.0160%	8h	265.93	+0.094%	$8.4M	$13.2M	75x	as long as short
Variational Omni BCH	−0.0123%	8h	265.51	−0.064%	$81K	$285K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	266.10	+0.158%	$236K	$2.1M	50x	as long as short
Bybit BCHUSDT	−0.0088%	8h	265.80	+0.045%	$39.1M	$33.2M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USDshort	−0.0088%	1h	265.78	+0.038%	$112K	$966K	25x
Binance BCHUSDT	−0.0085%	8h	265.77	+0.034%	$71.8M	$233.7M	75x	as long as short
MEXC BCH_USDT	−0.0085%	8h	266.18	+0.188%	$69.8M	$6.8M	200x	as long as short
HTX BCH-USDT	−0.0047%	8h	265.90	+0.083%	$777K	$1.6M	75x	as long as short
Bitget BCHUSDT	−0.0031%	8h	265.80	+0.045%	$19.1M	$29.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0030%	8h	265.70	+0.008%	$25.9M	$76.7M	50x	as long as short
Nado BCH-PERP	−0.0028%	1h	265.87	+0.072%	$435K	$425K	10x	as long as short
BingX BCH-USDC	−0.0020%	8h	265.77	+0.034%	—	$6.5M	—	as long as short
SunX BCH-USDT	−0.0010%	8h	265.83	+0.056%	$2K	$1.9M	30x	as long as short
dYdX BCH-USD	0.0000%	1h	265.96	+0.106%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.33	+0.245%	$1.1M	$11.0M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.82	+0.055%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDClong	+0.0028%	8h	265.68	long leg	$2K	$176	10x
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.701%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0034%	8h	266.13	+0.169%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0040%	1h	266.00	+0.120%	$162K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0075%	8h	265.88	+0.075%	$8.6M	$7.6M	75x	as long as short
Lighter BCH	+0.0096%	1h	265.69	+0.004%	$366K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.99	+0.117%	$5.8M	$5.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.90	+0.083%	$165K	$688K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.13	−0.209%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.73	+0.020%	$25K	—	100x	as long as short