Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0350%/8h= +38.3% APRpaid last 24h +0.034%

Price spread now: edgeX against Phemex−0.169%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$440.444% of the position

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 4 days (all we have)+0.218%+$22 · spread now −0.169%, 7d avg −0.027%

Together, before fees+0.385%+ Points / potential airdropedgeX: Active · farm board+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.142% cheaper against Phemex than usual: you would sell low and buy high (spread −0.169% now, against its 7-day average of −0.027%). If the spread goes back, that is −$14 on $10k: about 32 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.166% in total) that is about 6.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.166% in total (about 8.7% 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	Phemex BCHUSDT	264.66	−0.0250	get 0.0250% / 8h	3h 20m	$4.9M	$6.4M	50x
Short	edgeX BCHUSDC	264.21	0.0100	get 0.0050% / 4h	3h 20m	$18K	$322K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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 PhemexbpFee edgeXbpOrdersPrice spread, now −0.169%Rate

Funding earned: $73.53
Price spread: −0.169% → −0.027%: −$14.18
Slippage, 4 orders: −$23.38
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $14.98
Costs to cover: 0.444%
Break-even: 5.6 days

Slippage from Phemex: live order book, 3 min ago; edgeX: live order book, 32 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 Phemex live order book, 3 min ago	0.38 bp	9.1 bp −$9	17.2 bp −$172	doesn't fit	doesn't fit
Sell edgeX live order book, 32 min ago	8.61 bp	13.3 bp −$13	16.8 bp −$168	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	−0.0283%	1h	264.69	+0.011%	$2K	$8K	10x	as long as short
Phemex BCHUSDTlong	−0.0250%	8h	264.66	long leg	$4.9M	$6.4M	50x
HTX BCH-USDT	−0.0241%	8h	264.73	+0.026%	$772K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0188%	1h	264.80	+0.053%	$430K	$347K	10x	as long as short
SunX BCH-USDT	−0.0188%	8h	264.57	−0.034%	$2K	$1.7M	30x	as long as short
KuCoin BCHUSDTM	−0.0097%	8h	264.56	−0.038%	$8.5M	$6.9M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0089%	8h	264.50	−0.060%	$25.1M	$76.2M	50x	as long as short
Bitget BCHUSDT	−0.0085%	8h	264.41	−0.094%	$18.9M	$28.3M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	264.38	−0.106%	$112K	$962K	25x	as long as short
Binance BCHUSDT	−0.0071%	8h	264.49	−0.065%	$71.8M	$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	−0.0070%	8h	264.96	+0.113%	$70.1M	$7.9M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	264.31	−0.132%	$217K	$1.8M	50x	as long as short
Variational Omni BCH	−0.0061%	8h	264.60	−0.021%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	264.94	+0.108%	$857K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0045%	8h	264.54	−0.046%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0035%	8h	264.57	−0.034%	$8.3M	$13.7M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.93	+0.103%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.87	+0.078%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.48	−0.068%	$993K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.89	+0.085%	$443K	$331K	25x	as long as short
Bybit BCHUSDT	+0.0016%	8h	264.44	−0.083%	$39.0M	$31.3M	75x	as long as short
BingX BCH-USDC	+0.0017%	8h	264.47	−0.072%	—	$6.5M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.093%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.74	+0.030%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0049%	8h	264.80	+0.053%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0082%	8h	264.49	−0.065%	$150K	$546K	75x	as long as short
Lighter BCH	+0.0096%	1h	264.76	+0.037%	$355K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.73	+0.026%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.76	+0.037%	$159K	$305K	10x	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	264.21	−0.169%	$18K	$322K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	264.32	−0.128%	$96K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0358% / S −0.0530%	1h	264.87	+0.081%	$25K	—	100x	as long as short