Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.084%

Price spread now: Deribit against SunX−0.063%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$870.874% of the position

Long on SunX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.299%−$30 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.063%, 7d avg +0.052%

Together, before fees−0.213%−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.115% cheaper against SunX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.052%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BCH-USDT	269.79	0.0100	pay 0.0100% / 8h	4h 49m	$1K	$1.3M	30x
Short	Deribit BCH_USDC-PERPETUAL	269.62	0	get 0.0000% / 1h	49m 38s	$436K	$369K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$21
Price spread: −0.063% → +0.052%: −$11.5
Slippage, 4 orders: −$72.45
Fee SunX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$119.95
Costs to cover: 0.874%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Deribit: 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, 8 min ago	19.64 bp	40.5 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 57 min ago	2.74 bp	10.2 bp −$10	16.9 bp −$169	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	−0.0410%	1h	269.50	−0.107%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0253%	8h	269.08	−0.263%	$4.9M	$6.3M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0137%	8h	269.10	−0.256%	$26.0M	$74.4M	50x	as long as short
Gate BCH_USDT	−0.0106%	8h	269.27	−0.193%	$8.1M	$12.8M	75x	as long as short
Variational Omni BCH	−0.0100%	8h	269.68	−0.041%	$163K	$241K	—	as long as short
Binance BCHUSDT	−0.0088%	8h	269.11	−0.252%	$75.9M	$201.2M	75x	as long as short
Extended BCH-USD	−0.0088%	1h	269.06	−0.271%	$121K	$1.1M	25x	as long as short
MEXC BCH_USDT	−0.0088%	8h	269.55	−0.089%	$74.4M	$9.9M	200x	as long as short
GRVT BCH_USDT_Perp	−0.0079%	8h	270.68	+0.331%	$395K	$17K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0077%	1h	269.48	−0.116%	$906K	$2.4M	50x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BCHUSDT	−0.0020%	8h	269.18	−0.226%	$19.2M	$25.8M	75x	as long as short
Bybit BCHUSDT	−0.0004%	8h	269.10	−0.256%	$40.4M	$31.3M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0003% / S +0.0007%	1h	270.01	+0.081%	$18K	—	150x	as long as short
Pacifica BCH	−0.0003%	1h	269.05	−0.276%	$152K	$274K	10x	as long as short
KuCoin BCHUSDTM	−0.0001%	8h	269.17	−0.230%	$8.8M	$5.5M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	269.43	−0.134%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.86	+0.026%	$1.0M	$8.8M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALshort	0.0000%	1h	269.62	−0.063%	$436K	$369K	25x
BingX BCH-USDT	+0.0010%	8h	269.23	−0.208%	—	$13.7M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.152%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0034%	8h	269.65	−0.052%	$3.6M	$5.6M	50x	as long as short
Aster BCHUSDT	+0.0037%	8h	269.08	−0.263%	$150K	$515K	75x	as long as short
Orderly PERP_BCH_USDC	+0.0037%	8h	269.53	−0.096%	$2K	$540	10x	as long as short
Nado BCH-PERP	+0.0051%	1h	269.73	−0.021%	$457K	$384K	10x	as long as short
Lighter BCH	+0.0096%	1h	269.08	−0.263%	$395K	$406K	10x	as long as short
HTX BCH-USDT	+0.0099%	8h	269.25	−0.200%	$791K	$1.2M	75x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.39	−0.149%	$9.2M	$6.8M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.48	+0.255%	$19K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.71	+0.341%	$49K	$275K	50x	as long as short
SunX BCH-USDTlong	+0.0100%	8h	269.79	long leg	$1K	$1.3M	30x
Coinbase International BCH-PERP-INTX	+0.0184%	1h	269.70	−0.033%	$362K	$2.3M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0261% / S −0.0271%	1h	270.06	+0.098%	$17K	—	100x	as long as short