Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0262%/8h= −28.6% APRpaid last 24h −0.004%

Price spread now: ApeX Omni against SunX+0.204%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$980.977% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.145%−$14 · spread now +0.204%, 7d avg +0.085%

Together, before fees−0.163%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.119% dearer against SunX than usual: you sell high and buy low (spread +0.204% now, against its 7-day average of +0.085%): +$12 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.018% in total) that is about 45 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.018% in total (about -1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BCH-USDT	269.57	0.0100	pay 0.0100% / 8h	5h 52m	$2K	$1.4M	30x
Short	ApeX Omni BCHUSDT	270.12	−0.0162	pay 0.0020% / 1h	52m 22s	$98K	$245K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now +0.204%Rate

Funding earned: −$54.94
Price spread: +0.204% → +0.085%: $11.95
Slippage, 4 orders: −$79.73
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$140.72
Costs to cover: 0.977%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; ApeX Omni: live order book, 57 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 SunX live order book, 5 min ago	19.65 bp	40.2 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 57 min ago	7.12 bp	14.2 bp −$14	98.1 bp −$981	doesn't fit	doesn't fit

BCH on 32 exchanges

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	−0.0426%	1h	269.73	+0.059%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0309%	8h	269.79	+0.082%	$4.9M	$6.3M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0168%	1h	269.93	+0.134%	$425K	$356K	25x	as long as short
ApeX Omni BCHUSDTshort	−0.0162%	1h	270.12	+0.204%	$98K	$245K	50x
Variational Omni BCH	−0.0131%	8h	269.88	+0.115%	$152K	$229K	—	as long as short
OKX BCH-USDT-SWAP	−0.0115%	8h	269.60	+0.011%	$25.9M	$75.5M	50x	as long as short
Bybit BCHUSDT	−0.0094%	8h	269.65	+0.030%	$39.5M	$30.9M	75x	as long as short
Gate BCH_USDT	−0.0069%	8h	269.67	+0.037%	$8.2M	$12.2M	75x	as long as short
Binance BCHUSDT	−0.0068%	8h	269.61	+0.015%	$74.1M	$201.3M	75x	as long as short
MEXC BCH_USDT	−0.0066%	8h	270.34	+0.286%	$73.5M	$9.4M	200x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BCH_USDT_Perp	−0.0065%	8h	270.06	+0.183%	$394K	$17K	10x	as long as short
Extended BCH-USD	−0.0064%	1h	269.54	−0.010%	$118K	$917K	25x	as long as short
KuCoin BCHUSDTM	−0.0005%	8h	269.69	+0.045%	$8.8M	$5.5M	75x	as long as short
BingX BCH-USDC	−0.0005%	8h	269.71	+0.052%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0003% / S +0.0007%	1h	269.91	+0.125%	$18K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	269.83	+0.095%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	270.28	+0.263%	$1.0M	$8.7M	2.7x	as long as short
Bitget BCHUSDT	+0.0001%	8h	269.63	+0.022%	$19.4M	$26.0M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0024%	1h	269.92	+0.128%	$874K	$2.5M	50x	as long as short
Pacifica BCH	+0.0033%	1h	269.67	+0.036%	$156K	$270K	10x	as long as short
HTX BCH-USDT	+0.0033%	8h	269.97	+0.148%	$788K	$1.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.234%	$721	$130K	12x	as long as short
Aster BCHUSDT	+0.0038%	8h	269.64	+0.026%	$146K	$507K	75x	as long as short
Orderly PERP_BCH_USDC	+0.0041%	8h	269.61	+0.015%	$2K	$540	10x	as long as short
BloFin BCH-USDT	+0.0052%	8h	269.79	+0.082%	$3.6M	$5.4M	50x	as long as short
Nado BCH-PERP	+0.0078%	1h	269.61	+0.013%	$460K	$374K	10x	as long as short
Lighter BCH	+0.0096%	1h	269.80	+0.085%	$395K	$432K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.84	+0.100%	$6.0M	$4.5M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	269.90	+0.124%	$19K	$345K	20x	as long as short
SunX BCH-USDTlong	+0.0100%	8h	269.57	long leg	$2K	$1.4M	30x
Coinbase International BCH-PERP-INTX	+0.0200%	1h	270.12	+0.204%	$357K	$2.1M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0227% / S −0.0201%	1h	270.09	+0.194%	$15K	—	100x	as long as short