Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.005%

Price spread now: Extended against Phemex−0.079%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Phemex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.079%, 7d avg −0.057%

Together, before fees+0.047%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.022% cheaper against Phemex than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.057%). If the spread goes back, that is −$2 on $10k: about 16 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BCHUSDT	261.70	−0.0162	get 0.0162% / 8h	2h 28m	$4.9M	$6.5M	50x
Short	Extended BCH-USD	261.49	−0.0056	pay 0.0007% / 1h	28m 05s	$111K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.079%Rate

Funding earned: $22.28
Price spread: −0.079% → −0.057%: −$2.18
Slippage, 4 orders: −$22.12
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$19.02
Costs to cover: 0.391%
Break-even: 13.0 days

Slippage from Phemex: live order book, 6 min ago; Extended: 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 Phemex live order book, 6 min ago	4.18 bp	11.7 bp −$12	21.9 bp −$219	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	1.33 bp	8.0 bp −$8	89.3 bp −$893	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	−0.0244%	1h	261.64	−0.023%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0231%	8h	261.79	+0.034%	$764K	$1.4M	75x	as long as short
Phemex BCHUSDTlong	−0.0162%	8h	261.70	long leg	$4.9M	$6.5M	50x
Bitget BCHUSDT	−0.0118%	8h	261.71	+0.004%	$18.7M	$28.7M	75x	as long as short
KuCoin BCHUSDTM	−0.0107%	8h	261.69	−0.004%	$8.4M	$6.8M	75x	as long as short
SunX BCH-USDT	−0.0092%	8h	261.54	−0.061%	$2K	$1.7M	30x	as long as short
OKX BCH-USDT-SWAP	−0.0077%	8h	261.60	−0.038%	$24.9M	$76.6M	50x	as long as short
Variational Omni BCH	−0.0076%	8h	262.41	+0.271%	$80K	$196K	—	as long as short
Nado BCH-PERP	−0.0071%	1h	261.79	+0.033%	$427K	$352K	10x	as long as short
Extended BCH-USDshort	−0.0056%	1h	261.49	−0.079%	$111K	$1.1M	25x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0056%	8h	261.79	+0.034%	$72.3M	$219.8M	75x	as long as short
MEXC BCH_USDT	−0.0055%	8h	262.11	+0.157%	$69.1M	$8.2M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	261.85	+0.057%	$218K	$1.8M	50x	as long as short
Bybit BCHUSDT	−0.0036%	8h	261.60	−0.038%	$38.5M	$31.6M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0029%	8h	262.44	+0.284%	$383K	$17K	10x	as long as short
BingX BCH-USDC	−0.0023%	8h	261.75	+0.019%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	261.73	+0.011%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	262.01	+0.120%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	262.10	+0.153%	$975K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	261.73	+0.012%	$436K	$333K	25x	as long as short
Gate BCH_USDT	+0.0004%	8h	261.79	+0.034%	$8.3M	$13.8M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+3.248%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	261.55	−0.057%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0063%	8h	261.58	−0.048%	$152K	$555K	75x	as long as short
BloFin BCH-USDT	+0.0065%	8h	262.39	+0.264%	$3.9M	$4.4M	50x	as long as short
Lighter BCH	+0.0096%	1h	261.74	+0.017%	$351K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	261.92	+0.084%	$5.6M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	261.99	+0.110%	$158K	$306K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	262.92	+0.468%	$18K	$331K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	263.08	+0.527%	$96K	$236K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0182%	1h	261.78	+0.029%	$837K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	261.69	−0.005%	$12K	—	100x	as long as short